We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. What is the salary of Choon Goh? Singapore Airlines CEO Goh Choon Phong reduced pay by 30%; and Rolls-Royce CEO Warren East is reducing his salary for 2020 by 20% and deferring his bonus. Get unlimited access to all stories at $0.99/month for the first 3 months. Non-Stock Incentive Plan Compensation: Cash compensation earned for the achievement of predefined objectives. They can read the article in full after signing up for a free account. You can read this subscriber-only article in full, All done! Close. He added that executive vice presidents will take a 12% cut, while senior vice presidents, 10%. Fees Earned or Paid in Cash: This is the amount of fixed retainers and meeting fees and paid in the form of cash. Wallmine is a radically better financial terminal. Learn More. Goh Choon Phong, CEO, Singapore Airlines This is the first time Singapore Airlines has made compulsory redundancies since the SARS crisis in 2003, when a total of 414 staff, including pilots and cabin crew, left the business under similar circumstances. Last updated: 18 June 2020 at 4:15pm EST. Want to remove competitor ads? Stock Awards: Compensation paid in the form of company equity that is structured as restricted stock. Singapore Airlines (SIA) is cutting pay for employees, managers and bosses, a memo by chief executive officer (CEO) Goh Choon Phong to … This report is not for commercial use. $0 came from other types of compensation. Job Seekers Also Viewed Previous Next. Coronavirus Tips – Working and Protection. All Other Compensation: Compensation that is paid in the form of perquisites, such as expense reimbursement. The CEO is, for his part, taking a 30% salary cut from the start of April . Directors' fees paid by the group also slipped about 1.6 per cent to $1.91 million, from $1.95 million the previous year. This included a base salary of S$1,374,950, bonuses of S$1,046,967, shares of value S$1,643,940 and benefits of S$157,417. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Goh Choon Phong - The man who is destroying SIA. Singapore Airlines Cargo. As the Independent Director of Mastercard, the total compensation of Choon Goh at Mastercard is $326,306. His 2 Executive Vice Presidents, Mak Swee Wah and Ng Chin Hwee earn about $700-800K in … EVPs and SVPs 25% and 20% respectively. According to the latest SIA annual report just released, SIA CEO Goh Choon Phong earned S$4,223,274 in last financial year ending on 31 Mar 2020. Option Awards: Compensation paid in the form of company equity that is structured as stock options. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. The national carrier’s chief executive officer Goh Choon Phong called it “the greatest challenge in the SIA’s Group’s existence” in an internal memo to his staff in March, as international travel came to a virtual halt due to the pandemic. Thread starter aurvandil; ... Salary $1,094,000 Bonus $1,014,472 Total Annual Compensation $2,108,472 Stock Options* Restricted Stock Awards $1,537,898 All Other Compensation $134,165 Total … In the internal note to staff on Friday (28th February) the CEO of Singapore Airlines, Mr Goh Choon Phong, has said that the board of directors and his management team will be taking the lead with a salary cut. Other leaders will be given pay cuts in the coming months: In its sustainability report, SIA also said that it met a more stringent safety target in FY2018 for flight incident reports. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. See All Guides. May 5, 2017 Helpful (1) ... Add Salary Add Benefits Add Interview. Board of directors – 15% directors fee cut (1st March) CEO – 15% salary … Get a free employer account. This article is now fully available for you, Please verify your e-mail to read this subscriber-only article in full. The FT article also highlights mounting pressure on companies from regulators, politicians, and shareholders. Of this total As a member of Board of Directors at Mastercard Inc, Choon Phong Goh made $326,306 in total compensation. How to Write a Resume. Singapore Airlines (SIA) is cutting pay for employees, managers and bosses, a memo by chief executive officer (CEO) Goh Choon Phong to … considering other measures including asking staff to take voluntary no-pay leave, according to a Straits Times report Monday, citing an internal letter from CEO Goh Choon Phong. Read more at The Business Times. $0 was received as non-stock incentive plan compensation, Want to do more with your profile? Other leaders will be given pay cuts in the coming months: Choon Phong Goh Net Worth With Vistara, the joint venture between Tata Sons and Singapore Airlines, set to take off soon, the Singapore Airlines Chief Executive Officer, Goh Choon Phong, outlines what the … $0 was received as options, The information shown here is a reporting of information included in the company's proxy statement. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Choon Phong Goh became the CEO of Singapore Airlines Limited in 2011, and we think it's a good time to look at the executive's compensation against the backdrop of overall company performance.This analysis will also evaluate the appropriateness of CEO compensation when taking into account the earnings and shareholder returns of the company. The aviation industry is currently still reeling from the impact of Covid-19, and Singapore Airlines (SIA) is no exception — they announced that they’re letting go of about 2,400 more staff on Monday (14 Sep).. Including bonuses, shares and benefits, his total package amounted to some $5.5 million in the last FY. 1 Rating. WITH no certainty as to when the Covid-19 outbreak will abate, Singapore Airlines (SIA) will continue to press ahead with cutting spend, even after announcing a S$15 billion cash call last week. Close. CEO gets 35% pay cut. $0 was received as change in pension value and nonqualified deferred compensation earnings, Choon Phong Goh has been the CEO of Singapore Airlines Limited since 2011. SIA chairman Peter Seah's total remuneration more than doubled to $763,110 in FY18 from $376,650 a year ago, reflecting his ascension to chairmanship of the board from Jan 1, 2017. In an employee email, chief executive Goh Choon Phong said he will take a 15% pay cut. CEO Goh Choon Phong's salary will be cut by 35 per cent, up from 30 per cent. Advertisement. Board of directors – 15% directors fee cut (1st March) CEO – 15% salary … But a log-in is still required for our PDFs. According to the latest SIA annual report just released, SIA CEO Goh Choon Phong earned S$4,223,274 in last financial year ending on 31 Mar 2020. Although his salary increased to … The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Work in HR or Marketing? In the internal note to staff on Friday (28th February) the CEO of Singapore Airlines, Mr Goh Choon Phong, has said that the board of directors and his management team will be taking the lead with a salary cut. Chief Executive Goh Choon Phong's salary will be cut by 35 percent, up from 30 percent. By registering, you agree to our T&C and Privacy Policy. Grow your employer brand. Last updated: 18 June 2020 at 4:15pm EST. "This is the greatest challenge in the SIA Group's existence," Chief Executive Goh Choon Phong said in a memo to staff. Singapore Airlines CEO Goh Choon Phong reduced pay by 30%; and Rolls-Royce CEO Warren East is reducing his salary for 2020 by 20% and deferring his bonus. SIA CEO Goh Choon Phong will be taking a salary cut of 30% instead of 15%. SINGAPORE – Singapore Airlines (SIA) is cutting pay for management staff, with chief executive Goh Choon Phong leading the way with a 15 per cent salary cut, The Straits Times has found out. Write a Resume Recruiters Can't Resist. The FT article also highlights mounting pressure on companies from regulators, politicians, and shareholders. In FY2017, SIA aimed for fewer than 1.02 incident reports per 1,000 flights, but only achieved a rate of 1.04 reports per 1,000 flights. However, for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. The gift link for this subscriber-only article has expired. There are 18 executives at Mastercard getting paid more, with Ajaypal Banga having the highest compensation of $23,250,000. This amounts to 10 per cent of the basic salary for all staff below the level of manager, said chief executive officer (CEO) Goh Choon Phong in a memo to staff this week. Goh's total declared salary was S$1,374,960, after accounting for the additional month in March where the wage cuts kicked in. Goh Choon Phong. SIA CEO Goh Choon Phong will be taking a salary cut of 30% instead of 15%. 1 Rating. Goh Choon Phong. In a statement to shareholders, Mr Seah expressed optimism about the airline's ongoing strategic transformation process, especially with Mr Goh leading a senior team to oversee the changes. In the previous financial year (FY2018/19), he earned a total of S$5.5 million: The FT article also highlights mounting pressure on companies from regulators, politicians, and shareholders. With Vistara, the joint venture between Tata Sons and Singapore Airlines, set to take off soon, the Singapore Airlines Chief Executive Officer, Goh Choon Phong, outlines what the … And then there’s Air France-KLM head Ben Smith, who is taking a 25% pay cut while Singapore Airlines’ Goh Choon Phong and Cathay Pacific’s Augustus Tang are both on record as foregoing 30% of their salaries. Other affected staff will see salary cuts of 10-12%. Total Named Director Compensation: The sum of all dollar values above. From Mar 1, senior management figures will take a 10 to 15 per cent reduction in their salary, including SIA CEO Goh Choon Phong, who will take a 15 per cent cut. After that, we will consider the growth in the business. In an employee email, chief executive Goh Choon Phong said he will take a 15% pay cut. In a memo to the staff, chief executive officer Goh Choon Phong announced the basic salary reduction of 10% for all staff below the level of manager while managers and senior managers will take a 12% pay cut, up from 10% previously. $215,056 was awarded as stock and Thorough reviews have been conducted to assure this data accurately reflects disclosures. Choon Phong Goh made $326,306 in total compensation. Want to remove competitor ads? SPH Digital News / Copyright © 2020 Singapore Press Holdings Ltd. Co. Regn. In a memo to the staff, chief executive officer Goh Choon Phong announced the basic salary reduction of 10% for all staff below the level of manager while managers and senior managers will take a 12% pay cut, up from 10% previously. SIA's net profit fell 55.2 per cent to $360.4 million in FY2017. Before becoming chairman, Mr Seah received a retainer fee of $160,000 as deputy chairman. CEO Goh Choon Phong said his base salary will be cut by 30% from April 1, up from the 15% announced earlier. In the previous financial year (FY2018/19), he earned a total of S$5.5 […] Share gift link below with your friends and family. Other affected staff will see salary cuts of 10-12%. In FY2018, net profit rebounded, more than doubling to $892.9 million. Until we resolve the issues, subscribers need not log in to access ST Digital articles. Work in HR or Marketing? After accounting for the year ahead inconvenience caused cent to $ 360.4 million in salary or about 116K. Going well and gaining momentum, '' Mr Seah said Nonqualified Deferred compensation Earnings: sum! Chief executive Goh Choon Phong will be cut by 35 percent, up 30. Also fell to $ 892.9 million 35 per cent to $ 892.9 million Inc Choon! Going directly to the general public by the SEC read this subscriber-only article in,! Full, all done 's salary will be taking a salary cut from the start of April $. 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