DBS CEO earned $8 million. How about u?

[Scrooball (clone)]

DBS CEO earned pay package of S$8.08 mln in 2011

SINGAPORE, March 29 (Reuters) - DBS Group's chief executive, Piyush Gupta, earned S$8.08 million ($6.4 million) in 2011 when the Singaporean lender's net profit rose to a record.

The pay package did not include S$773,240 of shares Gupta will receive as part of shares option or a so-called "retention award", Singapore's biggest bank said on Thursday.

In 2010, Gupta earned S$7.35 million without the retention award, which, when included, took his total compensation to S$8.04 million, DBS said.

Gupta has been praised by investors for turning around the bank as he focused on boosting revenue from existing businesses such as wealth management and avoiding pricey acquisition.

The chief executive of Oversea-Chinese Banking Corp, David Conner, who will retire next month, earned S$7.08 million in 2011, its annual report showed. ($1 = S$1.2577) (Reporting by Saeed Azhar; Editing by Dan Lalor)

 

[erection2015]

ah bro...these guys work for the real money and then the money works for them. For us we just work for the oil companies and the MIW.

DBS CEO earned pay package of S$8.08 mln in 2011

SINGAPORE, March 29 (Reuters) - DBS Group's chief executive, Piyush Gupta, earned S$8.08 million ($6.4 million) in 2011 when the Singaporean lender's net profit rose to a record.

The pay package did not include S$773,240 of shares Gupta will receive as part of shares option or a so-called "retention award", Singapore's biggest bank said on Thursday.

In 2010, Gupta earned S$7.35 million without the retention award, which, when included, took his total compensation to S$8.04 million, DBS said.

Gupta has been praised by investors for turning around the bank as he focused on boosting revenue from existing businesses such as wealth management and avoiding pricey acquisition.

The chief executive of Oversea-Chinese Banking Corp, David Conner, who will retire next month, earned S$7.08 million in 2011, its annual report showed. ($1 = S$1.2577) (Reporting by Saeed Azhar; Editing by Dan Lalor)

 

[Leckmichamarsch]

Bounce a DBS cheque n pay SC or forty bucks plus interest....... some of the things done to ensure big wigs get paid big money even with ATM screwups

 

[Dinosaur]

Anybody in DBS got punished for being laxed to the point of having the bank paid out over $1.03 million for the recent ATM skimming fraud?

How come DBS CEO did not take the rap for the lapse?

 

[Kohliantye]

Bounce a DBS cheque n pay SC or forty bucks plus interest....... some of the things done to ensure big wigs get paid big money even with ATM screwups

Well said, Leckmiharmasch,
Remember George Orwell's Animal Farm;
"All animals are equal but some are more equal then others"