Did the MDA CEO pay cash $10 million or take bank loan to buy her Coral condo?
- Thread starter uglyloser
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Not sure if people got this.
A lot of GLCs a in property in a big way. Even SBS ventured into properties. Soft launch and its sweet discounts are away of politically rewarding the followers who have bent their way or need to bend their way. You don't even have to keep the property. Just flip like old man's daughter did with Scotts and yet she has no qualms about writings about the sacrifices made by the family.
If you think F&N is making soft drinks, Keppel building oil rigs and SPH handling print journalism then you are qualified to write about how you sacrificed for your country.
Many years ago, a scholar was assigned to handle NTUC homes, the property arm of NTUC. He began embezzling fun and started to move money in mysterious ways. Standard Chart complained and nothing was done until other banks started making noises. He then went to jail.
Guess who got the invite for the NTUC home. You think the shipyard worker with 20 years membership got an invite. They built ECs but also eight private 99yr and one freehold condo. So what is really going on?
A lot of GLCs a in property in a big way. Even SBS ventured into properties. Soft launch and its sweet discounts are away of politically rewarding the followers who have bent their way or need to bend their way. You don't even have to keep the property. Just flip like old man's daughter did with Scotts and yet she has no qualms about writings about the sacrifices made by the family.
If you think F&N is making soft drinks, Keppel building oil rigs and SPH handling print journalism then you are qualified to write about how you sacrificed for your country.
Many years ago, a scholar was assigned to handle NTUC homes, the property arm of NTUC. He began embezzling fun and started to move money in mysterious ways. Standard Chart complained and nothing was done until other banks started making noises. He then went to jail.
Guess who got the invite for the NTUC home. You think the shipyard worker with 20 years membership got an invite. They built ECs but also eight private 99yr and one freehold condo. So what is really going on?
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When they do it (flipping..etc), it's ok. But when the rest of us do it, they start making it difficult. By then they already made their pile already.
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I "love" every of her articles published in The Straits Times, especially her latest in which she claimed to be a messenger of GOD.
Her hypocrisy only goes to expose how shallow FamiLEE is.
In psychology, her articles in The Straits Times were screaming for affirmation from the public that she is a good person. Subconsciously she wants her conscience to be soothed in the process.
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It is actually none of your business how she manages her finances.
Or special company loan with much better terms and quantum as compared to bank mortgages?
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She looks really freaky. Not normal woman or butch. Just really freaky. Must be the 4th gender.
20% down payment is already $2million. Go figure how many people have $2 million dollars lying around lo. With the current record low interest rates. Only a fool won't take advantage of cheap money, even if you easily can pay in full.
i accept its none of my biz. I'm just trying to help the masses to have a more reasonable viewpoint on whether public servants are overpaid or not. Thanks
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It is none of leongsam business to tell you or anyone else it is not your business.
No need to pay attention to LS when he is in that kind of arsehole mode.
WE ALL KNOW THE PUBIC CIVIL SERPENTS ARE FUCKING GROSSLY OVERPAID WITH MONEY THAT THEY ASSIST SMEAR OF SHIT ON SOLE OF SHOE LKY TO STEAL FROM
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I don't know what sacrifices made by the family except whatever sacrifices they made seem to have been well compensated. Perhaps the only sacrifice is the need to keep the house in original condition to masquerade.
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Which church papers did she write that?? Sun ho ho ho & kong hee fart choy were messengers of god too!!
Bro, you are exactly right. In fact they were rewarded more than handsomely.
Let me cite one good example. When Lee Hsien Yang's interest waned in Singtel and his interest was in investment, they made him a Consultant Chairmen of F&N which had a huge property portfolio around the world. They paid him $1m to despite the fact that it was not an exe position. Group CEO Dr Han Cheng Fong resigned one month later over the nonsense.
Lee Hsien Yang's F&N pay package passed without fuss
No one in Singapore Corporate history has been paid before or since for an non-exec position to that tune.
Chua Hian Hou
Fri, Feb 01, 2008
The Straits Times
AFTER some controversy surrounding Fraser & Neave (F&N) chairman Lee Hsien Yang's million-dollar pay, the company's shareholders signed his cheque without any fuss.
When Mr Lee, who chaired F&N's annual general meeting (AGM) yesterday, asked shareholders to raise their hands if they opposed the proposed director's pay package, which included his own remuneration, none did so.
Analysts earlier questioned a proposal to pay the 50-year-old Mr Lee $1 million a year - relatively high by Singapore standards - to act as a consultant. This was on top of a $250,000 chairman's fee. F&N later folded the amounts into a single payout.
Investors told The Straits Times after the AGM - a standing-room only event attended by hundreds of shareholders - that they had high hopes for Mr Lee and would not begrudge him his proposed $1.25 million fee - if he delivered.
Securities Investors Association of Singapore president David Gerald told the meeting he was 'pleased' F&N had secured Mr Lee's services and hoped the new chairman could help the company become 'a global player'.
So confident was he in Mr Lee's ability that Mr Gerald said he himself had bought F&N shares.
He was also the only one to raise a topic many felt would be the other hot potato: the $3 million paid to F&N director Nicky Tan.
Mr Tan's firm, nTan Corporate Advisory, brokered a $900 million deal in which Temasek Holdings bought F&N shares.
Mr Gerald said the fee was fair, given that Mr Tan's firm was able to get Temasek to pay for the stock at a market price, not at a lower one, as was typical with such deals.
A shareholder, Mr Ong Wai Meng, 47, meanwhile, voiced concern over the prospects of F&N's publishing business, especially its Times Bookstores chain.
Since the publishing arm contributed only about 6 per cent to F&N's bottom line, Mr Ong queried if the firm should continue in the sector, especially in light of rising rents and stiff competition.
Mr Lee, who became chairman in September, said while publishing was 'challenging', there were 'enough returns' for F&N to stay in.
He also fielded questions about the impact of rising prices of commodities like aluminium and milk on F&N's food and beverage unit.
F&N would try to hedge when possible to mitigate the effects of price fluctuations, he said. It would also try to pass on the cost to customers 'when appropriate', although there was a limit to how far this could be done.
However, that same volatility also meant meant 'good opportunities', said Mr Lee, and he was hopeful F&N would be able to secure some good investments.
F&N reported a net profit of $378.6 million for the 12 months ended Sept 30, up 18.5 per cent from a year earlier.
Let me cite one good example. When Lee Hsien Yang's interest waned in Singtel and his interest was in investment, they made him a Consultant Chairmen of F&N which had a huge property portfolio around the world. They paid him $1m to despite the fact that it was not an exe position. Group CEO Dr Han Cheng Fong resigned one month later over the nonsense.
Lee Hsien Yang's F&N pay package passed without fuss
No one in Singapore Corporate history has been paid before or since for an non-exec position to that tune.
Chua Hian Hou
Fri, Feb 01, 2008
The Straits Times
AFTER some controversy surrounding Fraser & Neave (F&N) chairman Lee Hsien Yang's million-dollar pay, the company's shareholders signed his cheque without any fuss.
When Mr Lee, who chaired F&N's annual general meeting (AGM) yesterday, asked shareholders to raise their hands if they opposed the proposed director's pay package, which included his own remuneration, none did so.
Analysts earlier questioned a proposal to pay the 50-year-old Mr Lee $1 million a year - relatively high by Singapore standards - to act as a consultant. This was on top of a $250,000 chairman's fee. F&N later folded the amounts into a single payout.
Investors told The Straits Times after the AGM - a standing-room only event attended by hundreds of shareholders - that they had high hopes for Mr Lee and would not begrudge him his proposed $1.25 million fee - if he delivered.
Securities Investors Association of Singapore president David Gerald told the meeting he was 'pleased' F&N had secured Mr Lee's services and hoped the new chairman could help the company become 'a global player'.
So confident was he in Mr Lee's ability that Mr Gerald said he himself had bought F&N shares.
He was also the only one to raise a topic many felt would be the other hot potato: the $3 million paid to F&N director Nicky Tan.
Mr Tan's firm, nTan Corporate Advisory, brokered a $900 million deal in which Temasek Holdings bought F&N shares.
Mr Gerald said the fee was fair, given that Mr Tan's firm was able to get Temasek to pay for the stock at a market price, not at a lower one, as was typical with such deals.
A shareholder, Mr Ong Wai Meng, 47, meanwhile, voiced concern over the prospects of F&N's publishing business, especially its Times Bookstores chain.
Since the publishing arm contributed only about 6 per cent to F&N's bottom line, Mr Ong queried if the firm should continue in the sector, especially in light of rising rents and stiff competition.
Mr Lee, who became chairman in September, said while publishing was 'challenging', there were 'enough returns' for F&N to stay in.
He also fielded questions about the impact of rising prices of commodities like aluminium and milk on F&N's food and beverage unit.
F&N would try to hedge when possible to mitigate the effects of price fluctuations, he said. It would also try to pass on the cost to customers 'when appropriate', although there was a limit to how far this could be done.
However, that same volatility also meant meant 'good opportunities', said Mr Lee, and he was hopeful F&N would be able to secure some good investments.
F&N reported a net profit of $378.6 million for the 12 months ended Sept 30, up 18.5 per cent from a year earlier.
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Every top-tier scholar (Admin service, SAFOS, President Scholar) will suck $68 million from us over his/her life time, a sum calculated from the first day of university till he/she kicks the bucket. So, $2 million is small change for her.
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The problem with all you guys is that you don't realise just how much talent these highly paid people have.
I guess you'll all have to find out the hard way one day when they decide to take their skills somewhere else and Singapore will end up in a downward spiral from which there is no return.
I guess you'll all have to find out the hard way one day when they decide to take their skills somewhere else and Singapore will end up in a downward spiral from which there is no return.
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The problem is that these guys and gals have everything given to them on a golden platter. All they did was to pass some exams and walla, their life is made to the tune of $68 million! What have they done to justify that murderous amount of money?
If they were in New Zealand, think how much they would made?
You believe paying for results? Well, these scholars/ministers have not provided MEASURABLE results that are DIRECTLY attributable to their work.
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Exams are only a small part of the equation. They then have to perform in their jobs and based on the fact that Singapore is one of the top countries on the world, I'll have to say that as a team, they're doing a fantastic job.
Ultimately, it is up to their superiors to judge the individual performances of these talented people. You can't tell what sort of job they're doing based on the rubbish posted on the internet.
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Please lah!!! Their performance has been crapped. We all can see that. Our MRT is so far behind HK MTR and ours is newer!! COE is shooting through the roof! U want to pay $70k for a piece of paper!! Dengue is out of control whilst NEA is busy fighting with WP. HDB is playing catchup after poor planning matching demand and supply. Income inequality has widened. All in all our lives has worsen over the last 5 years whilst those in the top 1% has gotten richer. And they brought in all these FTs to crowd us out.
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