Singapore Telecommunications's (SingTel) group chief executive Chua Sock Koong. -- PHOTO: SINGTEL
By Chua Hian Hou , Technology Correspondent
SINGTEL group chief executive Chua Sock Koong's $2.7 million cash bonus swelled her pay last year to $4.15 million.
SingTel Asia-Pacific (Company Advisor)
Ms Chua's 23 per cent pay hike - disclosed in SingTel's annual report for the 2010 financial year - delivered the CEO her biggest pay check since being appointed to the position in 2007.
SINGTEL MOBILE LAUNCHES VIIGO AS VALUE-ADDED SERVICE.: An article from: Telephone IP News
That year , the 52-year-old made $3.57 million, but her pay fell to $3.38m last year on the back of a lower bonus.
Other senior SingTel executives also enjoyed bumper payouts for the last financial year. Its 49-year-old Australian unit Optus' chief executive, Mr Paul O'Sullivan, saw his pay rise a whopping 42 per cent to $3.48 million.
Mr O'Sullivan enjoyed a bonus of $1.8 million compared to $941,000 last year, but his boost was also due in part to the Australian dollar's appreciation against the Singapore dollar, given that SingTel reports executive salaries in Singapore dollars.
SingTel's managed hosting solution helps businesses avert disaster. (Singapore).: An article from: Asia Pacific Telecom
Mr Allen Lew, SingTel's chief executive for Singapore, was paid $2.88 million, up a relatively modest 17 per cent from the $2.46 million he got last year.
Outgoing chief executive for international, Mr Lim Chuan Poh, who retires at the end of the year, made $2.25 million - 23 per cent ahead of the $1.83 million the 55-year-old made last year.
SingTel announced that three independent directors, Mr Heng Swee Keat, Mr John Powell Morschel, and Mr Deepak S Parekh, will be retiring from its board at the coming annual general meeting on Jul 30.
SingTel Optus Mobile WiFi hotspot supports Intel launch. (Singapore).: An article from: Asia Pacific Telecom
Mr Heng, the managing director of the Monetary Authority of Singapore, sits on its corporate governance and nominations, as well as compensation committees. The 49-year-old joined SingTel's board in 2003.
Global Sources Hosts All Its Portals with SingTel.: An article from: Asia Pacific Telecom
Non-executive chairman of Australia and New Zealand Banking Group Mr Morschel joined SingTel's board in 2001 and sits on its compensation committee. The 67-year-old is also the chair of Optus' advisory committee.
SingTel builds international wholesale voice service network using Cisco Systems' Voice over IP solutions. (Singapore).(Brief Article): An article from: Asia Pacific Telecom
Mr Parekh, 65, is an independent director who was appointed in 2004 and serves on its compensation committee. He is the chairman of India's Housing Development Finance Corporation. SingTel has a 32 per cent stake in India's biggest mobile operator, Bharti Airtel. SingTel said that it would make an announcement about replacement directors 'at the appropriate time.
