In a letter to the Straits Times Forum today, Mr Liew Kai Khiun expressed his outrage at the bonus of $20 million paid to CapitaLand chief executive officer (CEO) Liew Mun Leong . (read letter here)
Mr Liew wrote that “such remuneration concentrated on certain individuals would widen income disparities and demoralise the public by creating a winner-takes-all climate”.
While I do not begrudge CEOs of major corporate companies their due entitlement to a hefy bonus as a reward for their performance, questions must be raised about the salaries and bonuses of government leaders who are holding positions in government-linked companies.
There should be a clear line drawn between the ruling and business classes. The government should not be involved in the corporate sector in the first place.
Since the government is now deeply entrenched in all sectors of Singapore’s economy, it should adopt certain basic standards of corporate governance such as releasing the salaries and bonuses of its top honchos.
Read rest of article here:
http://wayangparty.com/?p=6982
Mr Liew wrote that “such remuneration concentrated on certain individuals would widen income disparities and demoralise the public by creating a winner-takes-all climate”.
While I do not begrudge CEOs of major corporate companies their due entitlement to a hefy bonus as a reward for their performance, questions must be raised about the salaries and bonuses of government leaders who are holding positions in government-linked companies.
There should be a clear line drawn between the ruling and business classes. The government should not be involved in the corporate sector in the first place.
Since the government is now deeply entrenched in all sectors of Singapore’s economy, it should adopt certain basic standards of corporate governance such as releasing the salaries and bonuses of its top honchos.
Read rest of article here:
http://wayangparty.com/?p=6982
