normalsing wrote:
Hi Robert,
I had already given you examples of pays of CEOs in Singtel and
SIA. If what you said is true, then are you saying that the two
CEOs are overpaid? In that case, how can you say that when they are
paid lower than CEO of corresponding organisation in other
countries?
There may be instances where CEOs in GLCs and ministers in
government deserve higher pays.
If we have a technology start-up minister or finance minister who
are in possession of the extra strategic implementation abilities
of the equivalent of Dr. Goh Keng Swee or Mr. Lim Kim San, we
should be flexible and grant these two higher salaries than say the
CEOs in the private sector. When it comes to these two cases, or
for that matter say MM Lee Kuan Yew himself, we could have an
independent panel to review and assess their worth with the
participation from eminent assessors from the private or
international sector to avoid bias or malpractices seen in
NKF.
But the trouble is : our ministers prefer to generalise across the
board and make artful nonsensical comparison of their own salary
(ability) levels with the private sector CEOs where many of them
are in the entrepreneur investor categories which is not a
apple-to-apple comparison.
Today many ordinary bureaucrats in the public sector are overpaid
with their salaries being pushed up by such artful
comparison.
Without being tested against the entrepreneur investor's efficiency
and productivity they receive windfall salary jumps from S$3,000.00
pm to S$8,000.00-S$15,000.00 pm not to mention the several-month
bonuses sanctioned by NWC.
This is how NKF durai's salary was perhaps being pushed to
S$600,000.00 per annum based on pure copying the same self-reward
scheme from the public sector.