Singtel's CEO, Yuen Kuan Moon, experienced a 16.9% reduction in his salary, falling to S$6.8 million for the fiscal year ending March 31. This pay cut occurred despite the company reporting a significant 39.5% increase in net profit. The reduction was attributed to "material operational and reputational issues," specifically citing network outages in Singapore and a major 14-hour incident at its Australian subsidiary, Optus, which disrupted emergency services. AI
RANK_REASON CEO pay cut due to operational failures at a company that provides a service.
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