Singapore Exchange, Asia’s second largest listed bourse, will pay incoming CEO Magnus Bocker a guaranteed base salary of S$750,000 ($520,800) a year and a minimum variable bonus of S$933,000 for his first seven months… Bocker… will also get S$4.77 million over three years as compensation for loss of long-term incentives and bonuses at his present job. His other perks include a housing allowance of S$300,000 per annum for the first two years, a club membership, and a car and driver.
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Huh? I’ve lost my job recently in the financial sector & am looking for a job much much less paid than him. So, how come no banks has yet to call me for even an interview?
Exactly what kind of talent can this man bring to the table to command such an outta the world salary in Asia?
well Mrs Goh CT will say this kind of salary is peanuts………
Makes me wonder what Goodyear was paid
Will he last longer than Goodyear?
So we get a guy who was rubbing shoulders with Madoff…..
Well done…SGX.
now thats what i call good negotiation skills. i wish i can meet this guy and learn how he negotiates his salary package.
stop making noise.. Mrs Goh says peanuts… imagine if Mrs GOH says it is coconut . if would be 10x more..
Which NUTS is bigger than a cconut?
Anyway, here’s his bio. He’s no kucing kurap FT. Since Singapore wants to become an international financial centre (with policies protecting FIs instead of its citizens’ investments, casinos right next to CBD), Magnus probably is the guy to help internationalise SGX.
http://investing.businessweek.com/businessweek/research/stocks/people/person.asp?personId=6233495&ric=NDAQ.O
The Last CEO of SGX got over $6 million in renumeration
Those Angmos recently recruited were jinxed.
DBS CEO Richard Stanley died after a few months in office.
Goodyear left Temasek before formally taking over in October.
Magnus Bocker ……………..?
How come again it is foreigner news that reporting it not Shitty Times ?
What we pay so much for Shitty Times to cover-up shit ?
Can we petition that ShittyTimes get a Shit Ranking of 180 and above ?
meritocracy- S’pore style!!
this is an elite pay, all you peasants who never work hard will of course never see that kind of salary!
$300,000 per annum for housing allowance for 1st 2 years? just let him stay in 4-romm HDB can already. this amount just nice for a 3-room unit in Toa Payoh!
HDB is a S’pore success story you know!! :P don’t be so choosey!!
How’ does it compare against say that of Hong Kong?
11) Jinx on July 24th, 2009 8.51 pm Those Angmos recently recruited were jinxed.
DBS CEO Richard Stanley died after a few months in office. Goodyear left Temasek before formally taking over in October.
Magnus Bocker ……………..?
No worry, this one no die wan, only the singaporean citizens will die die soon.
Man! The amount of money given to this one person is beyond my logical mind. For that matter, our ministers are not far off that amount. What in the world are they going to do with that amount of money? Even when they passed on and give the money to their children and children’s childen, don’t you think they will be spoiled with all the cash? actually, no need to work, just live and spend. no need to study. for the whole purpose of it is to earn money and live. since they have it, it only makes sense to spend it. If they keep it, it is just as good as no money. Spread the wealth evenly and there will be no poor.
i wish there is a fairer way of compensation. what’s the point of a talented leader without an effective team on the ground?
Den,
greed has no limit, greed has no reason. The more they possess, the more they want to possess.
We should stop seeing these Leeders as talented leaders on what they suppose to do because they are morally corrupted by the Leegime system. The whole system is fart up now. Just treat them as corrupted politicians and gahmen. Let karma do the works because their days are really numbered as evident by their desperate move. The more desperate they are, the faster they will fall as law of karma teach about cause and effect.
its just peanuts. hahahahahaha
most of the top ceo can stayed in a bungalow with swimmin pool@ a monthly rental rates @ $10,000/month nia…
a bmw/merc is also thrown in
with airbags thrown in…
just in case
the driver is off duty….
which is why
i tell leekuanyew
if you pay goodyear so high
shut up and listenned to him
ps laulee
how much did you actualLEE pay goodear?
what bungalow he stayed har?
7 nassim hills perhaps?
Isn’t this or/and more what Ministers are paying themselves in SG? Got to match industry rate so they say. The Godfather must get 100 times more than this thats why he still reigns at 85.
17) Daniel on July 24th, 2009 11.51 pm
I do agree with you but the scary thing is that when a man hungry and dying for power and wealth is at his desperate end, just imagine what he can do in his last wit, and don’t the whole entire spf and saf commanded by his team of greedy MIW are at his back and call, unless the whole system suddenly turns against him. We know all political history around the world are the same, not even the mightest man can escape nor ignore the karmic effect of nature.