3/25/2009

Celebrating Singaporeans - Liew Mun Leong

Finally we have a Singaporean that could command a multi million dollar salary, getting closer to the talents in Wall Street. Liew Mun Leong of Capital Land was paid a performance bonus of $20.52 mil for year 2007. His total pay packet came to $21.7 mil as reported in Today. Can I presume that his annual salary is $1.18m or less than $100k pm? If that be the case, how many months of bonuses will his $20.52 mil equate to? 205.2 months! I am beginning to doubt my arithmatic. Did we have another world record? Well done Liew Mun Leong.

42 comments:

Anonymous said...

Mr Liew Mun Leong is a good friend of Madam Ho Ching,back to the days when they worked for old SISIR.

Anonymous said...

Is the reporting of this going to affect the next salary adjustments for the ministers? I have a feeling this will be another benchmark to aim for.

Lost Citizen

Anonymous said...

Liew Mun Leong was a nobody 30 years ago.

Having landed at Capital Land, he must have either landed a lot of capital or capitalised a lot of land in 2007 in order to get more than 200 months of bonuses.

What a lucky man to have strike such a fantastic lottery in just one year!

In a city of possibilities any possibility can happen, especially if you have rubbed the right shoulders of the possible people within the possible family.

Anonymous said...

from the track record of capital land in asia, in china since he took over, i think this man is worth evry cent that he is paid. he expanded and deleverage both at the right time. man, he is the real deal.

redbean said...

liew mun leong deserves every cent that he is paid. he is one of the rare talents we have in this city of possibilities. make him our poster boy.

actually we don't need to look further for a ceo for temasek.

Anonymous said...

agreed. he is the rare local talent, an exception to those on the million dollars takeaways. his track performance is fantastic, no mess or series of blunders. and his timing is uncanny, very street wise and well read.

surprised too (shud we be?) that he wasnt in temasek.

redbean said...

there is a problem for him to be earning so much. people will be begruding his huge pay and may want to earn as much as him.

in the international scene, the new reference point of money is now in trillions of dollars. locally, we are talking about tens of millions as an employee. no longer about peanuts, too small.

Anonymous said...

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Anonymous said...

Sin tends to forget and this is how it works. In year 2003 or 2004, they write down the assets. a bonafide thing to do in a downturn... Come 2006 and 2007 when water boils hot, they write up the assets... so there is goes, i was so talented boy, hell pay me.

Stop praising, it only hurts facts that SIN understand very little of inner workings in world of financial accountings.

Capital towers was built land at low costs. Capitaland sold to their own Riets at enormous sum of monies. Those Riets ended up borrowing to shore up their hugh debts while wolala Capland under LML dances and sing songs.

Soon LML will say " What's 20 million so many ppl nowadays have $20 million.."

Rental incomes earned thru real estates owned by state in 2006 or 2007 needs no personal midas touch or magic, the income earned belongs to the ppl cos buildings are state owned, world economy prime the income.

Boy what a talent cock.

Anonymous said...

if you choose to be sour grapes about it, no one should stop you. perhaps you may be able to do better than him.

the point is, he delivered and then built up his war chests at a time when others were messing up terribly in the wrong direction.

Anonymous said...

It is obscene to be paid such a disproportionate bonus! I have nothing against rewarding for profits made to a company but in times of losses will the CEO make good to the company? People forget that a CEO is the employee of the shareholders who cannot walk away whilst a CEO can always just hand in his letter of resignation and walk away from the mess he created.

redbean said...

don't begrudge leh. i oso hope one day i am so talented and be rewarded like dat oso. Liew mun leong is now my inspiration.

when i was in the corporate world, the compensation formula for incentive bonus always come with a cap to make sure that the bonus to be paid out is decent. an open ended bonus scheme is like open legs wide wide.

you don't need a supertalent to come out with such a compensation scheme. i can even make it better with a jackpot of $200 mil.

redbean said...

what is $20 mil? i like that. this will be one class above peanuts.

Anonymous said...

An idiot with any iota of brain cells can make money in rising markets and with such huge fire power behind him but if LML can make the same huge profits in this current recession, then I say he deserves the fat bonus he has been paid! Cant you see the 'you scratch my back and I scratch yours" syndrome here. The political elite are looking after their own.

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