Friday, March 30, 2012

DBS CEO earned pay package of $8.8m in 2011

wow..all the talk about ministers' pay being high.. this is what i say is high.

how about translating some of that enormous pay package into a few more basis points of interest for us. the interest we earn on our savings account isn't even sufficient to cover a meal. i guess dbs probably could use all that liquidity, lent it out at 2-4% to corporates, pay us a pathetic 0.05% and keep the rest for these kind of pay packages.

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