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Singtel CEO's pay cut 16.9% over network outages despite profit rise

By PulseAugur Editorial · [1 sources] ·

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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AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Singtel CEO's pay cut 16.9% over network outages despite profit rise

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COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · SCMP’s Asia desk ·

    Singapore telecoms company slashes CEO’s salary over outages

    The chief executive of Singapore’s largest and oldest telecommunications company took a pay cut last year despite the company posting a sharp rise in profits, after a series of network failures dented its operational record. Singtel CEO Yuen Kuan Moon received S$6.8 million (US$5…

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