Deeper and deeper pockets: SingTel CEO, directors earned more in 2014

Guess how much the bigwigs earn.

SingTel raked in more profit in FY 2014, with the group’s revenues growing by an impressive 4% to $3.65 billion. Unsurprisingly. the Group’s CEO and directors also emerged with fatter paychecks in the past financial year.

According to SingTel’s Annual Report 2014, SingTel’s CEO Chua Sock Kong earned $4.7m, up from 2013’s 4.6m.

Meanwhile The group’s directors earned $17.7m in 2014, up from $17.2m in 2013.

Here’s more from the report:

Key management personnel compensation comprise base salary, annual wage supplement, bonus, contributions to defined contribution plans and other cash benefits, but exclude performance share expense disclosed below.

The Group Chief Executive Officer, an executive director of SingTel, was awarded up to 1,516,229 (2013: 1,392,008) ordinary shares of SingTel pursuant toSingTel performance share plans during the year, subject to certain performance criteria including other terms and conditions being met. The performance share expense computed in accordance with FRS 102, Share-based Payment, was S$3.7 million (2013: S$4.3 million).

The other key management personnel of the Group comprise the Group Chief Financial Officer, and the Chief Executive Officers of Group Consumer, Group Enterprise and Group Digital L!fe.

The other key management personnel were awarded up to 3,152,785 (2013: 3,026,460) ordinary shares of SingTel pursuant to SingTel performance share plans during the year, subject to certain performance criteria including other terms and conditions being met. The performance share expense computed in accordance with FRS 102, Share-based Payment, was S$7.3 million (2013: S$8.0 million).

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