Singapore Airlines (SIA) Chief Executive Officer (CEO) Goh Choon Phong earned a total of S$6.73 million in the past financial year ending 31 Mar 2023.
SIA released its annual report on Wednesday (28 June).
Most of the increases came from bonuses of S$2.96 million as well as shares and benefits, which gave him an additional S$2.63 million.
According to the report, Mr Goh earned a total of S$3.59 million in the previous financial year.
This means the bonuses he received gave him an 86% increase in his pay.
Source: The Straits Times on YouTube
His base pay for this financial year is S$1.14 million.
According to Bloomberg, this S$1.14 million is also lower than before the pandemic.
SIA reported a record net profit of S$2.16 billion last year, a remarkable turnaround from losses of S$962 million just a year before.
The airline previously announced profit-sharing bonuses of at least 6.65 months.
Additionally, ex-gratia bonuses of at least 0.5 months were given to eligible employees for each of the past three years.
Senior management did not receive this additional bonus.
Since joining SIA in 1990, he has held management roles overseas and locally, including in China and Scandinavia, according to Star Alliance.
He was then promoted to CEO, effective 1 Jan 2011.
Previously, he was the executive vice president of marketing.
Mr Goh has a Master of Science in Computer Science and Electrical Engineering.
He also holds three Bachelor of Science degrees, all from the Massachusetts Institute of Technology.
Have news you must share? Get in touch with us via email at news@mustsharenews.com.
Featured image adapted from CNA on YouTube.
The coroner said this was the first case of its kind he had encountered in…
The brand-new jet suffered a series of technical issues since its first-ever flight on 19…
The Paradise Tree Snake may have misjudged its landing and ended up on the car.
The 69-year-old was reportedly upset over his neighbour's refusal to apologise.
False claims include that GCB transactions occur without government checks on beneficial owners' identities.
The suspect casually watched as the woman became consumed by flames.