With the announcement published in 2007 that the ‘Singapore’s government ministers to get pay raise
of more than 60 percent by 2008’ - even a 20 percent
deduction will leave the ministers with 40 percent in their
pocket.
As matters stand, the 60 percent increase was to be made in two
parts, with the second part held up towards end-2008, the ministers
had already received 30 percent for at least all of the 12 months
in 2008.
This deduction of 20 percent will still leave the ministers a 10
percent net raise when most Singaporeans have lost their jobs, or
seen their wage shrunk.
So much for the talents recruited with the huge salaries pegged
to the 10 top highest paid executive posts in Singapore.
Those CEOs risks being
is that retroactive deduction all the way back to....2005
