Highest paid SMRT CEO

By Christopher Tan, Senior Correspondent

MS SAW Phaik Hwa, 55, was paid $1.67 million last year, including stock options, making her the highest-grossing chief executive that public transport operator SMRT Corp has ever employed.

Her deputy, Mr Yeo Meng Hin, 46, whose responsibilities include safety, emergency planning and security, took home $970,272 - making him the second best paid executive onboard.

The remuneration details were listed in SMRT Corp's latest annual report. Compared to the year before, Ms Saw's package was 7.1 per cent higher while Mr Yeo's grew by 13.3 per cent. Their compensation includes bonuses, benefits and company shares.

Remuneration for the company's top five executives, excluding Ms Saw's, totalled $3.2 million - 17.2 per cent higher than the previous year's. SMRT's total wage bill grew by 6.3 per cent to $294.8 million over the same period.

While previous annual reports did not provide detailed breakdowns of top-level remuneration, Ms Saw's predecessors - Mr Boey Tak Hap and Mr Kwek Siew Jin - were paid around $570,000 before share options.

Before share options, Ms Saw's package last year came up to $1.43 million. This compares favourably with what her counterpart at transport giant ComfortDelGro Corp got. Its chief executive, Mr Kua Hong Pak, 66, was paid between $1.75 million and $1.99 million last year, excluding options.

Î²ÎÏ„Î¬

24 Jun 10, 22:37

Peanuts

Clivebenss

24 Jun 10, 22:38

Originally posted by βÎτÎ¬:

Peanuts

true.

ditzy

24 Jun 10, 22:39

So is it taxpayer or shareholder money?

charlize

25 Jun 10, 20:37

Why did the newspaper choose to feature this after the grafitti security breach blunder?

Dragonaxe

25 Jun 10, 20:38

Originally posted by charlize:

Why did the newspaper choose to feature this after the grafitti security breach blunder?

Same like PAP what. Earn so much don't take responsibility. Slack on their jobs.