UOB chief's pay up at least 22%

[MarrickG]

UNITED Overseas Bank (UOB) chief executive Wee Ee Cheong saw his pay shoot up by at least 22 per cent last year to between $7 million and $7.25 million.

The rise on 2008's level of between $5.5 million and $5.75 million came despite UOB's full-year 2009 net profit falling almost 2 per cent to $1.9 billion.

But the bank's fourth-quarter net profit gained 57.2 per cent to $522 million on a year-on-year basis - its highest net profit since the $601 million it posted for the second quarter of 2008.

 

[STUCK_HERE]

So? These people deserve their money, they create their own wealth based on the business empire they build or inherit.

There are so many others who have pay increases but in very dishonourable ways.

 

[Watchman]

They create wealth not by the jobs they created . But by deals they make .

 

[hitower]

If his pay increment is based on his intelligent and the contarct he won, I have nothing to say, it is the corporate world.

Not like our Goverment get the pay increment/bonus on the expense of the people. That is what we have to worry.

:oIo::oIo::oIo::oIo:
VOTE OUT PAP

3 CHEERS FOR OPPOSITION!!!

 

[saratogas]

Wee Ee Cheong saw his pay shoot up by at least 22 per cent last year to between $7 million and $7.25 million

So They are the ones who justify Minister's High salary!