Lim Kok Thay as Genting's CEO remuneration an absurd RM106.7 million

It is quite astonishing for a son who became a Chairman / CEO from largely his father's effort to pay himself an annual remuneration of RM106.7 million in 2010.

Do not get me wrong, I like the company for its potential and everything else, however Genting Berhad only registered RM2.2 billion PAT last year. LKT took a 5% paycheck of the profit for such a large company?

It must be remembered that the company while does quite well in Singapore, the success does not come from him basically. His success was when he got the concession from the Singapore government to build a gaming resort. I do not see RWS doing better than Marina Sands. In fact Sands I feel is slightly better than RWS.

In UK, Genting failed miserably. Due to Singapore, Resort World Malaysia's income deteriorated. Is this the mark of a CEO who deserves to be paid so high.

How does he justify his RM106.7 million paycheck? Nazir (around RM9 million) or any other CEOs who basically have to work their way to the position does not earn that much while in fact these companies registered better profits.

I could not imagine the son of Genting got paid more than 20x of a normal large company CEO in Malaysia and they still own around 40% of the RM40 billion company.

When you have an owner controlled CEO paying himself so high, you start wondering whether he ever respects the shareholders or is he for himself only? Remember every dollar he makes for the company, he already benefits 40% from it. Isn't that motivating enough?

Can the shareholders do something about this? I bet they can't for obvious reasons!

Serious Investing!