Lee Hsien Yang questions: Why is Ho Ching’s salary such a big secret?
The Independent - Singapore·2019-07-11 16:48
After the announcement yesterday (July 9) that Temasek Holdings, Singapore’s state investment firm, reported a record net portfolio value for the last financial year, many, including Prime Minister Lee Hsien Loong’s younger brother, have been asking about why its chief executive officer (CEO), Ho Ching’s salary remains shrouded in secrecy.
PM Lee’s brother, Lee Hsien Yang, took to Facebook earlier today to point out an obvious, but hidden, piece of the puzzle. He wrote, “Temasek announced its results yesterday. No surprise that it still didn’t disclose Ho Ching’s salary”.
The younger Mr Lee also questioned, “Why is it such a big secret?”.
Along with his post, Mr Lee Hsien Yang also shared the following article: The secret that is Ho Ching’s salary – will we ever know?
One Singaporean, Philip Ang, did some calculations and comparisons on his blog speculating Mdm Ho Ching’s salary.
In a post, Philip wrote, “Although Temasek Holdings manages our state reserves and should be transparent, the PAP government has legislated senior management executives’ remuneration state secret”.
Ang continued, explaining, “This is because Temasek Holdings (Private) Ltd and Government-Linked Companies (GLCs) are considered to be private sector companies”.
Last year, after looking at the doubling portfolio value of Temasek Holdings, Ang then speculated that Ho Ching earns “about $300,000 a day”.
As to the value today though, her salary still remains very much a mystery. /TISG
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firefighter 15/07/2019
As all working ppl pay are secret . Think this is common . Cannot disclose lah .
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Real people 15/07/2019
Even our so call law minister wearing his mother sari
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Real people 15/07/2019
who and which MP or Minister would dare question her salary? Nobody bunch of useless govt all scare of one man
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Savalas reply Real people 15/07/2019
who is the one man
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Hocklye Chua 15/07/2019
Resign lah. So old yet do nothing and paid so high! The people are watching you!
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Watcher 16/07/2019
$300k/day...hmm...sounds like one of d ERP gantry is tag to her daily...
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