RadX Moderator April 1, 2011 Share April 1, 2011 ...when you see these kinds of articles DBS CEO pay for 2010 just over S$8m By Chris Howells | Posted: 31 March 2011 2202 hrs Photos1 of 1 Piyush Gupta SINGAPORE: The CEO of DBS Group Holdings, Piyush Gupta is taking home a pay packet of just over S$8 million for 2010. The company's CEO earned S$1.2 million in salary, S$2.7 million in cash bonuses and S$4.1 million in deferred shares. DBS also made changes for deferred shares, now to be vested over a four year period, up from three years, and no shares will be paid out in the first year. This policy will also apply to other some other members of the board such as Chairman Peter Seah, who is set to take home a S$678,500 pay packet, a third of which was in deferred shares. DBS also introduced a "claw back" for remuneration, which can be triggered if the bank sees losses from negligent risk taking or inappropriate individual behaviour or fraud. Part of Gupta's deferred shares (S$685,000) are also allocated as "kicker" shares, which can only be vested if he is still with the bank in the fourth year. DBS also said it does not pay dividends on deferred shares. In 2010, DBS has recorded core earnings of S$2.65 billion, up 28 per cent from the previous year. The bank said this was driven by strong growth in loans across the region, higher income from cross-selling activities and an improvement in the quality of assets. This was despite headwinds caused by a low interest rate environment, where SIBOR rates had hit a 23-year low. In a letter to shareholders as part of its annual report, Gupta and Seah said: "The bank was able to put surplus deposits to good use and mitigate the effects of net interest margin compression. In all, net interest income declined just 3 per cent to S$4.32 billion. On the other hand, non-interest income rose 28 per cent to S$2.75 billion." Going forward, the bank reiterated its focus on strengthening its regional wealth management, SME, Treasury & Markets and Global Transaction Services Business. This comes after the CEO of OCBC Group, David Conner, racked up S$7.5 million in pay for last year. Half of which was in deferred shares and share awards of S$3.71 million, while S$1.24 million came from base salary and fees, and S$2.5 million in bonuses. -CNA/ac ↡ Advertisement Link to post Share on other sites More sharing options...
Csnewbie 1st Gear April 1, 2011 Share April 1, 2011 ... Link to post Share on other sites More sharing options...
Chrispie 5th Gear April 1, 2011 Share April 1, 2011 what about CEO of Singapore Pte Ltd? I think the chairman already getting a 800k increment right? Link to post Share on other sites More sharing options...
RadX Moderator April 1, 2011 Author Share April 1, 2011 On 4/1/2011 at 5:28 AM, Chrispie said: what about CEO of Singapore Pte Ltd? I think the chairman already getting a 800k increment right? can wait till after the election anot..... Link to post Share on other sites More sharing options...
Csnewbie 1st Gear April 1, 2011 Share April 1, 2011 On 4/1/2011 at 5:28 AM, Chrispie said: what about CEO of Singapore Pte Ltd? I think the chairman already getting a 800k increment right? wonders if tat is excluding bonus. Link to post Share on other sites More sharing options...
Happily1986 5th Gear April 1, 2011 Share April 1, 2011 so he got kena "clawback" with reference to the DBs outage last year or not? Link to post Share on other sites More sharing options...
Sgnick 1st Gear April 1, 2011 Share April 1, 2011 Hmmm, what happens if they try to tag their salary against this list? US$6.7 billion Link to post Share on other sites More sharing options...
RadX Moderator April 1, 2011 Author Share April 1, 2011 On 4/1/2011 at 5:40 AM, Happily1986 said: so he got kena "clawback" with reference to the DBs outage last year or not? seems like all forgotten Link to post Share on other sites More sharing options...
RadX Moderator April 1, 2011 Author Share April 1, 2011 eh...dun put my name there can anot...i shy Link to post Share on other sites More sharing options...
Sgnick 1st Gear April 1, 2011 Share April 1, 2011 (edited) On 4/1/2011 at 5:43 AM, RadX said: eh...dun put my name there can anot...i shy I don't see anyone on that list that is doing afterlife services leh? Edited April 1, 2011 by Sgnick Link to post Share on other sites More sharing options...
RadX Moderator April 1, 2011 Author Share April 1, 2011 On 4/1/2011 at 5:45 AM, Sgnick said: I don't see anyone on that list that is doing afterlife services leh? er..alibi....look for sth close Link to post Share on other sites More sharing options...
Csnewbie 1st Gear April 1, 2011 Share April 1, 2011 (edited) Quote US$105 million Edited April 1, 2011 by Csnewbie Link to post Share on other sites More sharing options...
RadX Moderator April 1, 2011 Author Share April 1, 2011 On 4/1/2011 at 5:45 AM, Sgnick said: I don't see anyone on that list that is doing afterlife services leh? could be property, resort and spa, make up services Link to post Share on other sites More sharing options...
RadX Moderator April 1, 2011 Author Share April 1, 2011 On 4/1/2011 at 5:48 AM, Csnewbie said: US$105 million Link to post Share on other sites More sharing options...
Sgnick 1st Gear April 1, 2011 Share April 1, 2011 On 4/1/2011 at 5:48 AM, RadX said: could be property, resort and spa, make up services Nevermind let me go find another list that is sorted by top Hell money, your name should be there, maybe top 10. Link to post Share on other sites More sharing options...
Csnewbie 1st Gear April 1, 2011 Share April 1, 2011 On 4/1/2011 at 5:43 AM, RadX said: eh...dun put my name there can anot...i shy Quote US$490 million Link to post Share on other sites More sharing options...
RadX Moderator April 1, 2011 Author Share April 1, 2011 On 4/1/2011 at 5:51 AM, Csnewbie said: US$490 million ↡ Advertisement Link to post Share on other sites More sharing options...
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