Posts Tagged ‘Senior Managers’
Singapore PM takes a pay cut..!!!
Posted by Tushar Mathur on November 24th, 2008
Salaries for Singapore politicians, who are amongst the highest paid in the world, will be cut by up to 19 percent next year due to a weakening economy, media reported on Monday.
Singapore ministers, who are paid millions each year, have a component in their salary that is pegged to economic growth and with Singapore in a recession and the outlook gloomy for next year, this variable will fall, Channel NewsAsia said on its website, quoting the government’s Public Services Division.
Singapore’s Prime Minister Lee Hsien Loong, whose pay was increased to S$3.76 million ($2.46 million) this year — or five times that of U.S.


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