Several CEOs who oversaw poorer performance we also rewarded with higher remuneration. We are not taking Thai Bev’s revenue improvement into consideration as it was mainly due to a change in financial year that caused its spike in revenue. On the other hand, UOL Group’s CEO, who oversaw a 210% increase in profitability, got a 4% increase in remuneration and CapitaLand Commercial Trust’s and Yangzijiang’s CEOs, who oversaw a 122% and 67% increase in profit respectively, received no increase in remuneration.
CEOs who oversaw more than 60% profit growth in their companies saw differing outcomes for the year – Venture Corp’s CEO, who oversaw an 80% increase in profit, received a 118% increase in remuneration and Genting Singapore’s CEO, who oversaw a 78% increase in profits, received a 28% increase in remuneration.Īlso Read: Here’s The Salary You Need To Earn To Afford These Homes In Singapore The only observable deviation looked to be Thai Beverage, part of the top five highest capitalised companies (excluding the three companies which did not disclose its CEO pay), which paid their CEO $1.5 million in FY2017.ĬEO Remuneration Growth VS Y-O-Y Profit Growthīased on remuneration growth compared to profit growth, there was no clear pattern either. CEOs at DBS Group, OCBC, UOB and SingTel were all within the top 8 best paid. Looking past this, the biggest companies generally paid their CEOs better. Genting Singapore’s CEO was also in the top three, with a remuneration of $10.0 million in FY2017, managing a company with a market capitalisation of $13.2 billion. The one company that paid out a lower salary might not be representative of its operations or business, as there was a change in CEO and that could have resulted in a slightly lower salary payout for the CEO position.įY2017 CEO Remuneration Compared to Market Capitalisation Of CompaniesĬomparing CEOs remuneration to the size of the company they manage, we found that the CEO with the highest pay was managing one of the smaller component companies on the STI – Venture Corp’s CEO was paid $12 million in FY2017, managing a company with a market capitalisation of $7.9 billion.
Overall, the both the average pay and the median pay increased by 13.6% and 15.8% respectively.ĭuring FY2017, Venture Corporation’s CEO received the highest pay hike, of 118%, while as many as 13 other CEOs received double digit salary increments.Īlso Read: How Long Will It Take To Become A Millionaire If You Have A $4,000 Salary? Out of the 30 companies’ CEOs, 18 of them received a pay increment of between 118% and 3%, seven received the same pay and just one received a lower salary. Taking the median remuneration into consideration, taking out the outliers at the top (such as Venture Corp, Genting Singapore and DBS) and bottom (such as Yangzijiang), the median salary of CEOs in FY2017 was $4.5 million. In FY2017, CEOs received a remuneration package worth an average of $5.0 million. Three companies did not divulge the remuneration of their chief executive – Jardine Matheson Holdings Jardine Strategic Holdings and Hongkong Land.Īlso Read: How Much Money Do You Actually Take Home If You Earn The Median Salary in Singapore In this article, we look at how much the biggest listed companies in Singapore, those on the Straits Times Index (STI), paid their CEOs in FY2017. This also often means that they are the most handsomely paid employee in the company. Obviously, this job is not for the faint-hearted. This job usually comes with immense pressure to perform and long-hours to get the work done. Chief Executive Officers (CEOs) are the people that run companies, make critical operational decisions that impact everything from employee morale to balance sheet health to futures business direction.
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