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April 5, 2009
'Bonus' not a dirty word
By Nur Dianah Suhaimi
Mr Lim said people should not mistake a bonus as 'somebody getting something extra and undeserved and out of line with the current economic situation'. -- ST PHOTO: ARTHUR LEE CH
BONUS has become almost a dirty word in these times, with its meaning highly misunderstood, Minister in the Prime Minister's Office Lim Boon Heng said on Saturday.
Speaking at the launch of this year's Singapore Kindness Month, he noted that public anger arose in the United States over large bonuses paid to executives of failed American corporations because of the economic downturn.
'Nowadays, the word 'bonus' is almost a dirty word,' he said in his speech. 'There has been great misunderstanding over what the word 'bonus' entails. You have to understand that in today's context, companies' bonuses are part and parcel of the overall wage package.'
'We now operate differently from the past. So, let us not get overexcited whenever we see the word 'bonus' being used,' he added.
He said the uproar over bonuses paid by troubled firms like AIG was because the American public perceived these to have come from government bailouts.
But Mr Lim said people should not mistake a bonus as 'somebody getting something extra and undeserved and out of line with the current economic situation'.
He stressed that, with the downturn, it is even more important for Singaporeans to be kind and considerate towards others.
He also called on Singaporeans to be kind to foreigners living here, such as students from overseas.
Latest comments
Why are some Ministers from PAP so full of RUBBISH??!!
Posted by: chualk1358e at Sun Apr 05 11:30:51 SGT 2009
Mr Lim is the man who recommended over the media for the retrenched job seeker (diploma holder) to be low income security personnels. Singapore is a difficult place for Low income earners to live in. Whereas Singapore is a paradise for ultra high income earners like Mr Lim. Follow his advice at your peril. Tell him to get lost from PMO! If our society is kind, there is no need for a kindness movement. Replace the word for Kindness with Hypocrisy, it sound right for Singapore society. Singapore Hypocrisy Movement.
Posted by: chualk1358e at Sun Apr 05 11:28:13 SGT 2009
Please tell Mr Lim to stop being hypocritical. He has no idea of the suffering outside his ivory tower.
Posted by: chualk1358e at Sun Apr 05 10:57:39 SGT 2009
Esp. bonus for CDAC staff and ministers...
Posted by: SeenItAll at Sun Apr 05 09:22:06 SGT 2009
April 5, 2009
'Bonus' not a dirty word
By Nur Dianah Suhaimi
Mr Lim said people should not mistake a bonus as 'somebody getting something extra and undeserved and out of line with the current economic situation'. -- ST PHOTO: ARTHUR LEE CH
BONUS has become almost a dirty word in these times, with its meaning highly misunderstood, Minister in the Prime Minister's Office Lim Boon Heng said on Saturday.
Speaking at the launch of this year's Singapore Kindness Month, he noted that public anger arose in the United States over large bonuses paid to executives of failed American corporations because of the economic downturn.
'Nowadays, the word 'bonus' is almost a dirty word,' he said in his speech. 'There has been great misunderstanding over what the word 'bonus' entails. You have to understand that in today's context, companies' bonuses are part and parcel of the overall wage package.'
'We now operate differently from the past. So, let us not get overexcited whenever we see the word 'bonus' being used,' he added.
He said the uproar over bonuses paid by troubled firms like AIG was because the American public perceived these to have come from government bailouts.
But Mr Lim said people should not mistake a bonus as 'somebody getting something extra and undeserved and out of line with the current economic situation'.
He stressed that, with the downturn, it is even more important for Singaporeans to be kind and considerate towards others.
He also called on Singaporeans to be kind to foreigners living here, such as students from overseas.
Latest comments
Why are some Ministers from PAP so full of RUBBISH??!!
Posted by: chualk1358e at Sun Apr 05 11:30:51 SGT 2009
Mr Lim is the man who recommended over the media for the retrenched job seeker (diploma holder) to be low income security personnels. Singapore is a difficult place for Low income earners to live in. Whereas Singapore is a paradise for ultra high income earners like Mr Lim. Follow his advice at your peril. Tell him to get lost from PMO! If our society is kind, there is no need for a kindness movement. Replace the word for Kindness with Hypocrisy, it sound right for Singapore society. Singapore Hypocrisy Movement.
Posted by: chualk1358e at Sun Apr 05 11:28:13 SGT 2009
Please tell Mr Lim to stop being hypocritical. He has no idea of the suffering outside his ivory tower.
Posted by: chualk1358e at Sun Apr 05 10:57:39 SGT 2009
Esp. bonus for CDAC staff and ministers...
Posted by: SeenItAll at Sun Apr 05 09:22:06 SGT 2009
Light-touch dept of Special Branch
