Chief Investment Officer (CIO) of Singapore Government Linked Company (GLC) earns at least $85,000 per month
Reporting by Mr. Turritopsis Dohrnii Teo En Ming (Targeted Individual), Singapore.
I am sharing a Facebook post by Gerald Tan, as follows.
"UNFAIRNESS OF PAP MACHINERY EXPOSED!
TPL told Singaporean during the parliamentary session that each Singapore citizen directly or indirectly received an amount of $23225 for the covid relief budget base on total sum divided by per capita. What she says is not all wrong. Let me share something here to our astonishment and just an example is enough to give PAP a tight slap on their thick skinned face!
As some may know I'm quite well connected with several high net worth individuals in Singapore through extensive social networking. This morning, I caught up with a friend who is the Chief Investment Officer (CIO) of a GLC in Singapore. Popping the question, I asked him how much he is getting from the JSS & Employee Wage Supplement Scheme. After a pause of 10s, he said: "My monthly salary is $85000, not inclusive of many other incentives and bonuses". The subsidy scheme will go on for 6 months. 75% of his basic multiply by 6 months and he shall be getting $382,500 from the budget, not including other various scheme and solidarity payment. Instantly, I felt cheated and I continue to ask more question on a friendly tone. Lord and behold, the CEO has a package of $180,000 monthly and 15 members from the Board appointees, mostly the grassroot leaders, advisors or former ministers/MP has an equivalent package. The CEO, COO, CIO & CMO are from the MIW. Only the CFO was an ex-banker from a local bank (also kaki lang) . This is just a GLC and we have more than a hundred GLC. Imagine, at least 50 beneficiaries from each GLCs and each of them draw an average of $500,000 from the solidarity budget. How many billions were used to pay such high net worth who are already staying in bungalow and eating bird nest everyday like drinking tap water? Apart, how many billions were used to fund the ailing GLCs and how many billions were squandered on rehousing foreign workers!
The ordinary people with no relation to PAP are receiving $600. An amount not enough to last for 2 weeks. About a trillion Singapore Dollar had been used and everyone have to be responsible to fill up the coffer post covid through a wide array of new taxes and a drastic increase in all essential stuff. That saying, each and everyone need to spend 30 years to return a sum of $30000 to $50000 back to the government, inclusive of inflation over 30 years. Is this fair? The elitist will be happy because they are getting half a million to few millions from the budget and they need to only pay back a token of 10% or less.
WHAT AUDACITY DID TPL HAVE TO MAKE A CLAIM THAT ALL SINGAPOREAN BENEFITTED AN AMOUNT OF $23225 FROM THE BUDGET! WHY ARE WE RESPONSIBLE TO COUGH OUT THAT AMOUNT OVER 30 YEARS BACK TO THE NATIONAL RESERVE WHEN WE HAD ONLY RECEIVED A TOKEN OF $600 TO $3000?
I'M GIVING A VIRTUAL SLAP TO PAP AND I ASK EVERYONE WHO FELT INDIGNANT ON THE UNFAIRNESS TO GIVE A SLAP VIRTUALLY TO THE PAP DURING GE. PAP IS RUBBISH, AN ELITISM PARTY UNITING CRONYISM & NEPOTISM. A NARCISSIST BUNCH CULTIVATING NARCISSISM BULLYING ORDINARY CITIZEN WHO ARE DEFENCELESS."
I am sharing a Facebook post by Gerald Tan, as follows.
"UNFAIRNESS OF PAP MACHINERY EXPOSED!
TPL told Singaporean during the parliamentary session that each Singapore citizen directly or indirectly received an amount of $23225 for the covid relief budget base on total sum divided by per capita. What she says is not all wrong. Let me share something here to our astonishment and just an example is enough to give PAP a tight slap on their thick skinned face!
As some may know I'm quite well connected with several high net worth individuals in Singapore through extensive social networking. This morning, I caught up with a friend who is the Chief Investment Officer (CIO) of a GLC in Singapore. Popping the question, I asked him how much he is getting from the JSS & Employee Wage Supplement Scheme. After a pause of 10s, he said: "My monthly salary is $85000, not inclusive of many other incentives and bonuses". The subsidy scheme will go on for 6 months. 75% of his basic multiply by 6 months and he shall be getting $382,500 from the budget, not including other various scheme and solidarity payment. Instantly, I felt cheated and I continue to ask more question on a friendly tone. Lord and behold, the CEO has a package of $180,000 monthly and 15 members from the Board appointees, mostly the grassroot leaders, advisors or former ministers/MP has an equivalent package. The CEO, COO, CIO & CMO are from the MIW. Only the CFO was an ex-banker from a local bank (also kaki lang) . This is just a GLC and we have more than a hundred GLC. Imagine, at least 50 beneficiaries from each GLCs and each of them draw an average of $500,000 from the solidarity budget. How many billions were used to pay such high net worth who are already staying in bungalow and eating bird nest everyday like drinking tap water? Apart, how many billions were used to fund the ailing GLCs and how many billions were squandered on rehousing foreign workers!
The ordinary people with no relation to PAP are receiving $600. An amount not enough to last for 2 weeks. About a trillion Singapore Dollar had been used and everyone have to be responsible to fill up the coffer post covid through a wide array of new taxes and a drastic increase in all essential stuff. That saying, each and everyone need to spend 30 years to return a sum of $30000 to $50000 back to the government, inclusive of inflation over 30 years. Is this fair? The elitist will be happy because they are getting half a million to few millions from the budget and they need to only pay back a token of 10% or less.
WHAT AUDACITY DID TPL HAVE TO MAKE A CLAIM THAT ALL SINGAPOREAN BENEFITTED AN AMOUNT OF $23225 FROM THE BUDGET! WHY ARE WE RESPONSIBLE TO COUGH OUT THAT AMOUNT OVER 30 YEARS BACK TO THE NATIONAL RESERVE WHEN WE HAD ONLY RECEIVED A TOKEN OF $600 TO $3000?
I'M GIVING A VIRTUAL SLAP TO PAP AND I ASK EVERYONE WHO FELT INDIGNANT ON THE UNFAIRNESS TO GIVE A SLAP VIRTUALLY TO THE PAP DURING GE. PAP IS RUBBISH, AN ELITISM PARTY UNITING CRONYISM & NEPOTISM. A NARCISSIST BUNCH CULTIVATING NARCISSISM BULLYING ORDINARY CITIZEN WHO ARE DEFENCELESS."
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