SIA pays its chairman an all-in retainer fee of $750,000. Work in HR or Marketing? Total Named Director Compensation: The sum of all dollar values above. Learn More. Non-Stock Incentive Plan Compensation: Cash compensation earned for the achievement of predefined objectives. 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. By registering, you agree to our T&C and Privacy Policy. As a member of Board of Directors at Mastercard Inc, Prior to his appointment, he worked for the SIA group for more than 20 years for the airlines' operations in China and Scandinavia. SIA also maintained its previously stated goal to reduce electricity consumption in its offices by 15 per cent; and waste generation from its buildings by 30 per cent by fiscal 2021. CEO Goh Choon Phong said his base salary will be cut by 30% from April 1, up from the 15% announced earlier. How to Write a Resume. Other leaders will be given pay cuts in the coming months: 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. 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. The gift link for this subscriber-only article has expired. Advertisement. The chart on this page features a breakdown of the total annual pay for Choon Phong Goh at Mastercard Inc as reported in their proxy statements. Last updated: 18 June 2020 at 4:15pm EST. 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. Get a free employer account. What is the salary of Choon Goh? The FT article also highlights mounting pressure on companies from regulators, politicians, and shareholders. Fees Earned or Paid in Cash: This is the amount of fixed retainers and meeting fees and paid in the form of cash. 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. 86 Ratings. The CEO is, for his part, taking a 30% salary cut from the start of April . Other measures include compulsory unpaid leave for pilots on … Choon Phong Goh Net Worth Outline of two peoples' heads. 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. Grow your employer brand. We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused. SIA CEO Goh Choon Phong will be taking a salary cut of 30% instead of 15%. 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 … Before becoming chairman, Mr Seah received a retainer fee of $160,000 as deputy chairman. Singapore Airlines (SIA) is cutting pay for employees, managers and bosses, a memo by chief executive officer (CEO) Goh Choon Phong to … Coronavirus Tips – Working and Protection. Tang’s commitment runs through to December. $215,056 was awarded as stock and He added that executive vice presidents will take a 12% cut, while senior vice presidents, 10%. Risk management The SIA Group said in a statement that it diversified its network, prepared TR to spread its risks, and provided services to a wide range of passenger and market segments. Advertisement. 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. Goh Choon Phong. All proxy statements are public filings made available to the general public by the SEC. 1 Rating. The FT article also highlights mounting pressure on companies from regulators, politicians, and shareholders. Goh Choon Phong - The man who is destroying SIA. 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. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. December 6, 2019 "Excellent airline to work for !" However, for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. In the previous financial year (FY2018/19), he earned a total of S$5.5 million: Work in HR or Marketing? See All Guides. Get a free employer account. 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. Mr Goh received $4.32 million in total remuneration in the year ended March 31, 2018, from $5.02 million the previous year. This report is not for commercial use. He added that executive vice presidents will take a 12% cut, while senior vice presidents, 10%. In its sustainability report, SIA also said that it met a more stringent safety target in FY2018 for flight incident reports. 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 … Job Seekers Also Viewed Previous Next. 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. As a member of Board of Directors at Mastercard Inc, Choon Phong Goh made $326,306 in total compensation. Goh Choon Phong. Want to do more with your profile? $0 came from other types of compensation. Option Awards: Compensation paid in the form of company equity that is structured as stock options. SIA's net profit fell 55.2 per cent to $360.4 million in FY2017. 1 Rating. According to SIA Annual Report FY2018/19, Goh earns $1.4 million in salary or about $116K a month. The information shown here is a reporting of information included in the company's 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. CEO gets 35% pay cut. His 2 Executive Vice Presidents, Mak Swee Wah and Ng Chin Hwee earn about $700-800K in … The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. The FT article also highlights mounting pressure on companies from regulators, politicians, and shareholders. 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 … May 5, 2017 Helpful (1) ... Add Salary Add Benefits Add Interview. The value of Mr Goh's share-based compensation also fell to $1.10 million in FY18, compared to $1.67 million in FY17. 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 Pens Email Explaining Retrenchments. CEO Goh Choon Phong's salary will be cut by 35 per cent, up from 30 per cent. But a log-in is still required for our PDFs. May 5, 2017 Helpful (1) ... Add Salary Add Benefits Add Interview. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Until we resolve the issues, subscribers need not log in to access ST Digital articles. 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. 5.0 ... A Guide to Negotiating the Salary You Deserve. There are 18 executives at Mastercard getting paid more, with Ajaypal Banga having the highest compensation of $23,250,000. Singapore Airlines Cargo. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. Including bonuses, shares and benefits, his total package amounted to some $5.5 million in the last FY. Grow your employer brand. "The programme is going well and gaining momentum," Mr Seah said. Goh Choon Phong. SIA CEO Goh Choon Phong will be taking a salary cut of 30% instead of 15%. Close. 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. Although his salary increased to $1.37 million, bonus paid out for FY2017 performance declined to $1.73 million from $1.95 million the year before. All rights reserved. Chief Executive Goh Choon Phong's salary will be cut by 35 percent, up from 30 percent. 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. Board of directors – 15% directors fee cut (1st March) CEO – 15% salary … Other leaders will be given pay cuts in the coming months: They can read the article in full after signing up for a free account. As the Independent Director of Mastercard, the total compensation of Choon Goh at Mastercard is $326,306. Directors' fees paid by the group also slipped about 1.6 per cent to $1.91 million, from $1.95 million the previous year. You may also find the annual proxy statement by going directly to the company's website. 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. Stock Awards: Compensation paid in the form of company equity that is structured as restricted stock. Choon Phong Goh Net Worth Goh's total declared salary was S$1,374,960, after accounting for the additional month in March where the wage cuts kicked in. In an employee email, chief executive Goh Choon Phong said he will take a 15% pay cut. 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. Other affected staff will see salary cuts of 10-12%. Outline of two peoples' heads. Last updated: 18 June 2020 at 4:15pm EST. This information is according to proxy statements filed for the 2019 fiscal year. Tang’s commitment runs through to December. Mr Goh received $4.32 million in total remuneration in the year ended March 31, 2018, from $5.02 million the previous year. Other affected staff will see salary cuts of 10-12%. Write a Resume Recruiters Can't Resist. 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).. Although his salary increased to … "This is the greatest challenge in the SIA Group's existence," Chief Executive Goh Choon Phong said in a memo to staff. All Other Compensation: Compensation that is paid in the form of perquisites, such as expense reimbursement. 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. Choon Phong Goh made $326,306 in total compensation. $0 was received as change in pension value and nonqualified deferred compensation earnings, Change in Pension Value and Nonqualified Deferred Compensation Earnings: The difference between such compensation between the prior year and the current year. Chief Executive Goh Choon Phong's salary will be cut by 35 percent, up from 30 percent. The airline did not disclose its target for the year ahead. This article is now fully available for you, Please verify your e-mail to read this subscriber-only article in full. 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. In an employee email, chief executive Goh Choon Phong said he will take a 15% pay cut. In the previous financial year (FY2018/19), he earned a total of S$5.5 […] Singapore Airlines chief executive Goh Choon Phong received $4.32 million in total remuneration in the year ended March 31, 2018, from $5.02 million the previous year. 198402868E. 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. 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. Wallmine is a radically better financial terminal. $111,250 was received as fees earned or paid in cash, Read more at The Business Times. Learn More. You can read this subscriber-only article in full, All done! Want to remove competitor ads? Other measures include compulsory unpaid leave for pilots on … 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. CEO Goh Choon Phong said his base salary will be cut by 30% from April 1, up from the 15% announced earlier. We continue to focus on getting as many of our passengers as possible back home safely and protecting the jobs of our people,” said SQ CEO, Mr. Goh Choon Phong. 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. 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. Of this total Board of directors – 15% directors fee cut (1st March) CEO – 15% salary … SINGAPORE - Singapore Airlines (SIA) paid chief executive Goh Choon Phong 14 per cent less in fiscal 2018, reflecting lower bonuses for a lacklustre fiscal 2017 and lower valuations for his share-based compensation, according to the national carrier's latest annual report. 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. CEO gets 35% pay cut. Goh Choon Phong (simplified Chinese: 吴俊鹏; traditional Chinese: 吳俊鵬; pinyin: Wú Jùn Péng) is the chief executive officer (CEO) of Singapore Airlines and Singapore Airlines Cargo.He was appointed the CEO of the airline on 3 September 2010. You have reached your limit of subscriber-only articles this month. The airline had 0.96 incident reports per 1,000 flights, below its 0.98 reports per 1,000 flights goal. After that, we will consider the growth in the business. 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. 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. Share gift link below with your friends and family. Singapore Airlines chief executive Goh Choon Phong said in a note to staff that his management team will take the lead with a salary cut effective March 1, 2020. $0 was received as options, Before becoming chairman, Mr Seah received a retainer fee of $ 750,000 is. 1.10 million in FY18, compared to $ 1.67 million in FY2017 0.98 reports 1,000... Form of company equity that is structured as stock options to work for! all stories at $ 0.99/month the. Some $ 5.5 million in FY17 the total compensation of Choon Goh at Inc... Bonuses, shares and Benefits, his total package amounted to some $ 5.5 million salary... Executives at Mastercard Inc, Choon Phong Goh made $ 326,306 a more safety... 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