Pay of OCBC's Samuel Tsien up 12% to S$9.89m
OCBC Bank chief executive Samuel Tsien got a 12 per cent pay hike in 2014 to S$9.89 million, according to the annual report released on Monday.
Much of Mr Tsien's pay increase came from cash bonus of S$5.14 million against the previous year's S$4.5 billion. Salary and fees of S$1.24 million was unchanged from 2013. Value of share options granted was S$856,000, up from S$750,000. Value of deferred share awards granted was S$2.57 million, compared to S$2.25 million in 2013.
Cheong Choong Kong who retired as OCBC chairman in August 2014 received S$1.55 million; he remains on the board as a director. In 2013, he got S$2.26 million.
Ooi Sang Kuang who became OCBC chairman from Sept 1, 2014, received S$1.01 million.
OCBC posted net profit of S$3.84 billion in 2014, up 39 per cent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Swiss watch exports plunge as China and Hong Kong demand dries up
Huawei starts sales of new Pura 70 smartphone amid scrutiny on chips
BP reshapes its leadership team as some executives leave company
Deliveroo returns to order growth on strong international demand
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Danone beats Q1 sales forecasts, keeps 2024 goals