By Christopher Tan, Senior Correspondent
MS SAW Phaik Hwa, 55, was paid $1.67 million last year,
including stock options, making her the highest-grossing chief
executive that public transport operator SMRT Corp has ever
employed.
Her deputy, Mr Yeo Meng Hin, 46, whose responsibilities include
safety, emergency planning and security, took home $970,272 -
making him the second best paid executive onboard.
The remuneration details were listed in SMRT Corp's latest
annual report. Compared to the year before, Ms Saw's package was
7.1 per cent higher while Mr Yeo's grew by 13.3 per cent. Their
compensation includes bonuses, benefits and company shares.
Remuneration for the company's top five executives, excluding Ms
Saw's, totalled $3.2 million - 17.2 per cent higher than the
previous year's. SMRT's total wage bill grew by 6.3 per cent to
$294.8 million over the same period.
While previous annual reports did not provide detailed
breakdowns of top-level remuneration, Ms Saw's predecessors - Mr
Boey Tak Hap and Mr Kwek Siew Jin - were paid around $570,000
before share options.
Before share options, Ms Saw's package last year came up to
$1.43 million. This compares favourably with what her counterpart
at transport giant ComfortDelGro Corp got. Its chief executive, Mr
Kua Hong Pak, 66, was paid between $1.75 million and $1.99 million
last year, excluding options.
