Singapore Post Cuts Former CEO's Pay in Half to $616,400
Vincent Phang, the ex-CEO of Singapore Post, had his pay reduced to $616,400 after being fired for mishandling a whistleblower report. The company's annual report revealed the breakdown of his remuneration, which included a fixed salary, provident fund contributions, and benefits.
SingPost's former CEO, Vincent Phang, was dismissed for mishandling a whistleblower complaint and received $616,400 in remuneration for the last financial year. The annual report disclosed that the payout included fixed salary, provident fund contributions, and benefits. Other top executives were also fired for negligence in internal investigations. The company is undergoing restructuring and investing in automation and e-commerce logistics for future growth.
According to the source: The Straits Times.
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