[BREAKING] Temasek cuts employee compensation after failed FTX investment

PrinceY

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Wow accountability.. maybe later will give higher pay to prevent corruption bax
 

skylink67

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Reduce compensation nia. Will get back soon.

"
TEMASEK Holdings said it reduced compensation for senior management and the investment team responsible for investing in FTX.
"
 

cyberpig

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So who was Temasek's financial advisor, legal advisor and audit firm in this investment?
 

trowa07

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Chairman Lim Boon Heng got cry or not? :s8:

euXy9.gif
 

andyhtc

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Temasek also needs to cut the bonus and pay of those involved in several big failed investments.

The investment staff are highly paid but many did not deliver as promised.
 

wongkc

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Last time so many failed investments also no cut salary for top management…



Oh last time nobody dare to cut Dowager salary… now no need give face…
 

Mechafanboy

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Got fire the Blockchain team anot? It's an unmitigated disaster. It's not just FTX, Amber Group is also a miss.. unspeakably embarrassing for the state investor to FOMO blindly into an industry that's widely known for poor accountability and fraud...

And now, SBF is getting F by law enforcement and the banks that served FTX had been shut down Liao. Clearly, Temasick had overlooked something. The team deserves more than a compensation cut, they need to be axed from the job, period.
 

mechagnome

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Reduce compensation nia. Will get back soon.

"
TEMASEK Holdings said it reduced compensation for senior management and the investment team responsible for investing in FTX.
"
those investment managers have been paid alot of money to dont know
and now simply paid less = problem solved + continued employment

which MNC company hire / HR is like this 1?

end up is we consumer pay $$$ > rentals > capitaland > temasek > FTX losses
 
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