Why are Banks which pay their CEOs millions of dollars given Wage Credits?

[zeethering]

Wage Credit: $2.2b paid out;
http://business.asiaone.com/news/wage-credit-22b-paid-out-53-employers-abused-scheme

I find it astonishing that big companies like DBS and OCBC are getting such grant while their CEOs are paid Huge wages.

• CEO Piyush Gupta earned S$10.12 million last year, up from S$9.2 million in 2013.
• United Overseas Bank (UOB), meanwhile, said that deputy chairman and CEO Wee Ee Cheong's remuneration was S$10.22 million last year, up from S$9.2 million in 2013.
• Oversea-Chinese Banking Corp (OCBC) said CEO Samuel Tsien earned S$9.89 million last year, up from S$8.82 million in 2013.

United Overseas Bank is spending a third of its $3.8 million grant on a health and wellness programme, with the remainder going towards a training initiative.

DBS Bank will use its wage credits for staff training programmes, which will focus on areas such as digital skill sets and managing multi-generational differences.

Shouldn't such grant be better off given to struggling SMEs?

 

[cherry6]

Wage Credit: $2.2b paid out;
http://business.asiaone.com/news/wage-credit-22b-paid-out-53-employers-abused-scheme

I find it astonishing that big companies like DBS and OCBC are getting such grant while their CEOs are paid Huge wages.

• CEO Piyush Gupta earned S$10.12 million last year, up from S$9.2 million in 2013.
• United Overseas Bank (UOB), meanwhile, said that deputy chairman and CEO Wee Ee Cheong's remuneration was S$10.22 million last year, up from S$9.2 million in 2013.
• Oversea-Chinese Banking Corp (OCBC) said CEO Samuel Tsien earned S$9.89 million last year, up from S$8.82 million in 2013.

United Overseas Bank is spending a third of its $3.8 million grant on a health and wellness programme, with the remainder going towards a training initiative.

DBS Bank will use its wage credits for staff training programmes, which will focus on areas such as digital skill sets and managing multi-generational differences.

Shouldn't such grant be better off given to struggling SMEs?

Wage credits are donations by gahmen to poor citizens. Citizens regardless of whom their employers are (rich/ poor) are thus entitled to these credits which are something like a minimum wage policy philosophy but not titled as such.