Ministers Set For Pay Cut

last SG · 2009-01-20T15:01:44+00:00

What? We need high salaries to prevent corruption. What would you think of a friend if you ask him to watch your house, and he turns around and says 'please...

Atobe SG

is that retroactive deduction all the way back to....2005

We will be lucky if they count backwards to January 2008.

Seriously, if Obama - paid only 25 percent of LHL's annual wages - has set himself the target of resolving the crisis in two years; surely we should expect the highly paid talent in LHL to resolve our problems much earlier in three quarter time earlier than Obama ?

Otherwise, why are we paying our PM a wage that is six times more than the US President ?

Atobe SG

Obama caps executive pay tied to bailout money

WASHINGTON - President Barack Obama on Wednesday imposed a $500,000 cap on senior executive pay for the most distressed financial institutions receiving taxpayer bailout money and promised new steps to end a system of "executives being rewarded for failure."

Again the lower paid US President is showing his talent in less rewarding ways but still do not shirk his responsibilities.

Our Singapore Government should be less bashful and take a leaf out from Obama's textbooks on an "Idiot's way to manage your way out of the economic downturns".

LKY and Sons have shown their preferred tastes for high Ministerial wages in the propaganda that was created to ease their conscience for taking so much.

Now that the Singapore Reserves has been drawn down to bail out this government from its amateurishp handling of the economy, they should consider taking a hefty pare down to their huge salary.

GHoST_18 SG

in sg, we only learn stuff that benefits the govt from other countries...

policies that dun benefit the govt rarely gets implemented...

maurizio13 SG

Atobe,

This is perhaps a sign, you must remember to buy TOTO and 4D.

skythewood SG

in sg, we only learn stuff that benefits the govt from other countries...

policies that dun benefit the govt rarely gets implemented...

Which goverment in the world implement policies that don't benefit itself or the country? Isn't a government that don't do that a stupid and ineffective government? How should the government work than, come up with policies that will cause chaos, or cause the government to fail?

Atobe SG

Atobe,

This is perhaps a sign, you must remember to buy TOTO and 4D.

What ???!!! Contribute into their treasury ??

We should boycott TOTO and 4D - as the permutations is weighted in favor of the Government taking all the bets and letting perhaps a handful of about less then 100 persons to share a miserly amount.

Imagine about almost 1 million persons paying to place their bets, and each spending anywhere from $2 to $100 - can one imagine the amount collected compared to the winning amounts paid out ?

This is another money raking in scheme.

angel7030 SG

in sg, we only learn stuff that benefits the govt from other countries...

policies that dun benefit the govt rarely gets implemented...

in sg, we also learn abt other countries' govt abuse and corruption leading to chao, civil war and death.

hopefully people here can learn to more appreciate the peacefulness here.

reyes SG

are they telling us they are going to corrupt soon?

charlize SG

are they telling us they are going to corrupt soon?

That apparently is their reasoning:

There is an inverse relationship between high pay and corruption.

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