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$5.3 million) for the financial year ended March 31, down 16.9 per cent from S$8.2 million a year earlier, according to the company’s annual report released on Tuesday and first reported by The Straits Times. The pay cut...