Liew Mun Leong’s Obscene Bonus

Liew’s $20.52 mil bonus @ https://www.asiaone.com/News/The%2BBusiness%2BTimes/Story/A1Story20090331-132325.html

Temasek AR2012 @ https://www.temasek.com.sg/content/dam/temasek-corporate/our-financials/investor-library/annual-review/en-tr-thumbnail-and-pdf/TR2012_Eng.pdf

 

 

Philip Ang

 

 

 

 

 

 

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20 Responses to “Liew Mun Leong’s Obscene Bonus”

  • Avaricious and Capricious.....:

    “There is no fire like passion, there is no shark like hatred, there is no snare like folly, there is no torrent like greed.”

    Buddha Siddharta Gautama

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  • xoxo:

    Over-rated bloke!
    CEO of a cartel company.
    Easy job with high pay.

    Its all humbug!

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  • xoxo:

    Ask him to start his own company like Tan Ming Liang to prove his real worth.

    Arrogant looking derived from past glory.
    Elitist!

    Or,can i more crudely describe as LAN CHEOW MIN!

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  • Real issues:

    The issue is not the pay or bonus.He may deserve it for the value he created for Capitaland.
    More critical is did the maid steal any items?
    If not it is not fair to her to suffer so much..for so many years.

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  • Hudc payout:

    Farrer rd Hudc residents each pocketed $2 million during the enbloc sale to capitaland!

    Any relatives got payout?

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  • Aiya:

    PAP Ministers pay are pegged to the private sector.
    Private sector ceo pay very high, so PAP Ministers pay very high.

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  • This is Singapore, stupid:

    That is why Mr Liew and his son could afford to buy 2 interlace condo launched by Caitaland in 2010 for about $7 millon.
    Wonder if his son was still studying then or just started working.
    I work my whole life since I graduated, still could not afford to buy a condo.
    Well, LHL’s sons are also living in condo, maybe their own condo or given by their parents.

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  • circus of greed:

    thats how the money goes round and round between the top…
    where it stops nobody knows.
    that’s why cannot say how much in the reserves…

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  • Sg is all about money:

    In an interview, he said he asked his accountant how many millionaires his company Capitaland has created because of employees share options and rising share price.
    Rising condo prices give HDB a good excuse to increase flat prices.
    Ordinary Singaporeans have to scrimp and save to buy a flat. Middle income and even upper middle income families aspiring to live in condo have to rent one maybe from a foreigner, or if they have rich parents, inherit one.
    He said he like to hire people smarter than he is.
    It is no difference from PAP who pay million $ to attract and retain yes men and women, at the expense of the people.
    The government can just simply raise GST.

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  • Amazing:

    I find it hard to believe ,20 mil @2007 prices,people get richer n richer ,yet he sue his maid for some false watches n discarded things,
    Really if there is a god wether he is watching and law of karma applies,
    It makes one sour with life ifi had his wealth i just give her foc,
    Sometimes wi**** flourish,my grandmother used to tell us when we were young God had gone to sleep for a while,i am pioneer and seen so much
    And doubt existence of God,

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  • My views:

    Real issues:
    The issue is not the pay or bonus.He may deserve it for the value he created for Capitaland.
    More critical is did the maid steal any items?
    If not it is not fair to her to suffer so much..for so many years.

    According to Justice Chan, the answer is no.

    This case warrants further analysis.

    What kind of person is LML?

    Make a police report on a foreign domestic helper. Even with the instigation of his wife is not an excuse.

    He should have suspected along the way in the investigation that his wife, son, daughter in law and daughter are not truthful. Why did they tell him about missing item only then when the helper had worked for them for 9 years, and the items found in the boxes are old items.

    He could have withdrawn the charges, and spare the helper the agony of a trial.

    Maybe he feels it is too late to withdraw without losing face, maybe his wife pressurize him, maybe she has a hold over him (Remember a corrupt former PUB Dy CEO was exposed by his wife because he had a mistress).

    Maybe he hopes the helper just admits to the allegation and the issue ends.

    He testified in the trial.

    He bragged in an interview that at one stage, there were 600 millionaires employees in Capitaland. So maybe he feels he deserves $20 million. Maybe you and I should not care if Capiataland shareholders dont question.

    PAP pays themselves millions because they feel they are one of a kind, how can they earn so much less than a former senior civil servant who reported to them. And they are the ones who gave him the job and funded Capitaland (via Temasek).

    Capitaland was founded through merger of DBS Land and Pidemco Land (owned by Singapore government). I guessed it was a bailout of DBS Land which would have gone bust because of he Asian Financial crisis.

    Anyway, PAP Ministers pays are pegged to the private sector.

    I have the right to be concerned because they are using my tax money to pay them fat salary. I may be jobless but I am still paying GST and had been paying income taxes since the day I started working.

    Capitaland share price appreciation helps Temasek lift up its dismal returns, and makes Ho Ching look good, or at least not so bad.

    How did Capitaland make money? Through mutual support of/by the government. They are the first to launch REIT in Singapore, to go private property enbloc.

    LML claimed sentimental value for his worn our bags, I ask him how about many people older and even younger than him feeling when their matrimonial homes are forced to go enbloc by 75% or whatever percentage.

    His pay is of concern because many things are interlinked. It still is, because he is Chairman of CAG.

    The pay of CEOS in SembCorp Industry, SembMarine, SIA, SIA Engineering, etc should be of concern to us because Temasek/the government is bailing them out or supporting them.

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  • Harder Truths:

    I am sure what they get for nothing is never enough for them.

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  • Spoilt Brat to Blame ?:

    He was worth millions but his reputation is now worth less than a foolish penny for being such a despicable mean person to falsely accuse a maid of petty theft. They terminated her, opened up her boxes & make a police theft report report afterwards vaguely describing the items as being lost over the years. If you are the maid, would you be as so brazen & daring as to ask your employer to send the items you have stolen over the years for you ?

    Now they are valuing the loss of their stolen items at brand new value $34,000 which is grossly exaggerated, would be worthless since the wife has remarked to have them disposed to the garaguni man Instead. For such a worthless value of discarded items, the whole family must be so damn stupid to risk their reputation just like that. Even if we take it at face value, the family can surely afford to give such a sum away if it requires that in return for the maid to be discreet about their illegal maid hiring contravention.

    In conclusion they thought they could lock her for good before she can accuse them of anything. Well they never thought if one is innocent, one can be strong & stubborn to the end. If I am the accuser, I would not drag on the case and settle at all costs as it is already damn foolish for him to risk his own reputation against that of a innocent maid. Obviously he has himself to blame as it is another clear cut case of a spoilt brat against a strong willed maid !

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  • Sad case:

    Sad case for Singapore…
    No winner.
    Lesson…treat your care giver fair and well.

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  • Sad case:

    Sad case for Singapore…
    No winner.
    Lesson…treat your care giver fair and well.

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  • operation cold storage:

    Liew Mun Leong must be investigated.

    He has lied to bully a low wage maid.

    As a nation run by lying pap MFs and Cbs, can we expert any honesty in its investigation of Liew Mun Leong the FIXER of a low wage maid?

    We don’t know how pap will handle this.

    Like all things pap, as long as it is own clan member, normally it is an hOnest mIstake lEt’s mOve oN type of conclusion.

    ffff their mother chao Cb. like that also can be classed as honest mistake let’s move on. ffff. curse their limping Lj rot.

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  • Sham we looking at you:

    Hahaha … kangarooo ..all sleeping on the job .. including the Minister.. only know how to bulky poor people .. shocking cheap stuff fake watches spoilt outdated phone KNN CB .. 26 months for cheap nothings .. all in complicity .. sack the AG ..

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  • All levels Sham-Ful NATO:

    For sake of accountability and public trust … hehehe .. Long time ago .. we had seen all these .. from the abuse of power from the executives to office holders – to frens tights in High circles .. When someone squeals one set of law for the rich another fir the poor – the guns are out .. this time ought to turn the guns and shoot the dead feet away .. don’t just shame shame talk show face .. KNN – set charges and get going .. or NATO only sham-ful

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  • Learned unlearn:

    Tainted evidences – so simple .. what school did the district judge graduate from ?

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  • pap lying S$m grubbers:

    Learned unlearn:
    Tainted evidences – so simple .. what school did the district judge graduate from ?

    in all Kdramas, all such judges are guaranteed a S$m job in CAG or Surbana or Capitalland.

    what is a low wage maid?

    a few hundred thousand of them in pap island.

    what is a S$m job in CAG or Surbana or Capitalland?

    once in a life time. so all Kdramas we see the ludicrous joudgment of all corrupt judges.

    don’t POFMA us. we are only talking about Kdrama. of course, pap system is per pap ownself say ownself system not like Kdrama.

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