CEO who took drastic pay-cut
From the amazing Dan Price. "Six years after slashing his salary by $1 million ($725,000) so he could pay his staff a minimum of $70,000 (£55,000) a year, Gravity Payments CEO Dan Price is urging other companies to follow suit. Price made the decision following a conversation with his friend Valerie, who said that despite...
Saving Big Businesses
Orto at Yishun Just because it involves the people, does not mean it is to save them. It is to save big business. When Covid struck, businesses were horrified. They would not survive if people were in perpetual lockdown. SIA, SATs, Changi Airport Group, hotels, cruise ships, exhibition and convention centres, casinos, cinemas,...
Singaporeans on the hook for billion$
Keppel O&M and Sembcorp Marine wrongly assumed rig building was a pow chiak business. If they weren't so aggressive in expansion, Singaporeans would have been better off. Senior management must have been well rewarded for their recklessness during the boom years. Temasek had also attempted bail out KepCorp in 2019 at $7.35...
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