CapitaLand top brass to take pay cut even as FY2019 earnings up by 2.2%

CapitaLand top brass to take pay cut even as FY2019 earnings up by 2.2%

The Edge Markets - World·2020-02-26 12:36

SINGAPORE (Feb 26): CapitaLand’s board and senior management have taken the cue from parent company Temasek Holdings, in a belt-tightening measure amid the Covid-19 outbreak.

With effect from April 1, they will cut their own pay and directors’ fees by between 5% and 15%. A wage freeze has been implemented on all other staff at managerial level and above.

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