Shareholders deserve more metrics against which they can benchmark CEO pay
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
UOB chief executive Wee Ee Cheong pipped DBS’ Piyush Gupta for the title of best-paid CEO among the Straits Times Index (STI) constituents last year, according to data recently compiled by The Business Times.
Wee’s total remuneration for FY2023 was S$15.9 million, up 11.9 per cent from S$14.2 million last year. Gupta’s was S$11.2 million, down 27 per cent from S$15.4 million last year.
On the surface, Gupta has taken a huge cut in remuneration. This makes sense because the bank’s services were disrupted several times last year, including one bout lasting over 12 hours.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
