Enter your email address:

Delivered by FeedBurner

Singapore's PM takes a 19% Pay Cut


According to this old piece of news, the Prime Minister in Singapore has taken a pay cut of 19% during this depressing time.

Just for fun, this excel sheet puts in little bite sized terms what the multi-million salary means by breaking it down. Did you know that assuming if he sleeps 5 hours a day, he makes over $2000 in his dreams? That is some powerful stuff right? Oh, I am statistically wrong, it should be $1700 after the pay cut. For that type of salary, maybe he isn't sleeping much at all and worries over Singapore future 24 hours a day, kind of like a 7-11, always awake.

Anyway to put that in perspective, the Health Secretary nominee that President Obama is trying to put in his cabinet has withdrawn because he failed to pay his back taxes.

The admission by President Obama that he messed up is refreshing.

Some politicians would have dodged the apology by getting subordinates to apologise, sack some subordinates or demote them, refuse to acknowledge any wrong doing, keep quiet and act blur, give a general statement but not admit any guilt of their own.... in other words , slime away. The candor shown by the President in this case shows that this guy GETS it.

Compare President Obama's apology to this "apology" which happened in Singapore almost one year back. "I screwed up" vs "I am sorry this happened".

Which apology will you have preferred to hear?

Related Posts

Bookmark and Share


Post a Comment


The information contained in this blog is prepared from data believed to be correct and reliable at the time of publication of this report. The authors do not make any guarantee or representation as to the adequacy, accuracy, completeness, reliability of the information contained herein. Neither the authors or any affiliates or related persons shall be liable for any consequences (direct or indirect losses, loss of profits and damages) of any
reliance placed on information provided in the blog.

Shares and financial instruments illustrated in this blog can go down sharply or in certain instruments suffer total loss on the initial investments. Investors are advised to make their own judgment on the information provided and consult their own financial advisors or consultants as to the suitability of the products illustrated to their particular financial needs and objectives before acting on any information contained herein in this blog.