Lee is a trained vet who entered politics in 1984 aged 37, and then entered the cabinet in 1991.
After leaving the cabinet in 2009, in the very same year he became chairman of the board of Keppel Corporation, where he is paid S$750,000 annually. Financially, I guess it was a nice cushion after having to give up his million-dollar ministership.
After leaving politics altogether in 2011, in the very same year he became chairman of the board of SPH, where he is paid S$216,000 annually. Financially, I guess it was a nice cushion after having to give up his (similar) politician’s pay.
It is not clear what qualifications Lee had to lead the board of a global conglomerate with offshore, marine and other interests, or the board of Singapore’s biggest media company. (Subservience?)
What we do know is that during his tenure both companies have performed poorly. Their stocks have tanked. Keppel has been ensnared in a massive corruption scandal while SPH is now on its knees seeking charity to salvage, among other things, one of Singapore’s fabled brands, The Straits Times, which was established in 1845. (Or one hundred and twenty years before Singapore became a fishing village.)
More at https://tinyurI.com/33ksmuxn
After leaving the cabinet in 2009, in the very same year he became chairman of the board of Keppel Corporation, where he is paid S$750,000 annually. Financially, I guess it was a nice cushion after having to give up his million-dollar ministership.
After leaving politics altogether in 2011, in the very same year he became chairman of the board of SPH, where he is paid S$216,000 annually. Financially, I guess it was a nice cushion after having to give up his (similar) politician’s pay.
It is not clear what qualifications Lee had to lead the board of a global conglomerate with offshore, marine and other interests, or the board of Singapore’s biggest media company. (Subservience?)
What we do know is that during his tenure both companies have performed poorly. Their stocks have tanked. Keppel has been ensnared in a massive corruption scandal while SPH is now on its knees seeking charity to salvage, among other things, one of Singapore’s fabled brands, The Straits Times, which was established in 1845. (Or one hundred and twenty years before Singapore became a fishing village.)
More at https://tinyurI.com/33ksmuxn
