28 Jun '11, 1pm

Pay rise for SingTel top management

SINGAPORE: Singapore Telecommunications (SingTel) has given its top management another pay rise, following a year of 7 percent revenue growth to S$18.07 billion. The telco earned a net profit of S$3.83 billion, which was however 2 percent lower than a year ago. According to SingTel's annual report released on Tuesday, group chief executive Chua Sock Koong was paid S$4.5 million for the financial year ended March 31. The amount, which included a fatter bonus of S$2.95 million, is higher than the S$4.15 million she earned the year before. Besides Ms Chua, most of SingTel's other management team members also received pay increases. SingTel's Singapore CEO Allen Lew earned S$3.19 million, compared to S$2.88 million for FY2010. Paul O'Sullivan, CEO of Australian subsidiary Optus, received S$3.95 million (A$3.04 million) last year, against S$3.48 million the year before. Optus, ...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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