ceo 37 million

Which CEO earns US$36.8 million per year?

Company annual reports

In learning more about how business is conducted and its related nuances, you can look into public listed companies’ annual reports which are available from the website. Look for “investor relations” link. You will find interesting financial information and ratios which can guide you to make an investing decision.

Genting Berhad

The conglomerate of hospitality, plantation, property, biotechnology and investment holding is no stranger to the Malaysian corporate scene. Below are the brief key financial data.

2015

  • Total asset: RM18,100 million
  • Revenue: RM27,300 million
  • Profit: RM2,600 million
  • Highest director’s fee: RM164.80 million

Yes, that is RM164,800,000.00 or US$36.8 million per year (US$1=RM4.54) for the highest paid director. This is taking the lower currency exchange that we are facing now. Despite that, you should not panic about the ringgit drop, as it will bounce back according to Second Finance Minister Datuk Johari Abdul Ghani. For the sake of comparison, at Malaysian Ringgit’s highest exchange in 2011 (US$1=RM2.94), this would amount to US$56.05 million instead.

Nonetheless, armed with my calculator, a simple division nets RM13.7 million per month, still sizeable with the current ringgit weakness.

Not bad for a month’s work for the highly paid executive. It is still mighty impressive for a full 30-year working life time income for a regular citizen based on Malaysian average income.

Who is the director receiving this annual income?

With only the pay band available, it would be no surprise that it is none other than the chief executive. It would be Tan Sri Lim Kok Thay.

tan sri lim kok thay

Genting Berhad Annual Report 2015

Tan Sri Lim Kok Thay

He has impressive credentials to be able to steer the large conglomerate in the right direction. He holds a Bachelor of Science in Civil Engineering from the University of London. He is alumni of Harvard Business School for Programme for Management Development.

In summary, Genting Berhad has been successful for more than 50 years and lives 100% to its motto of “Growing from Strength to Strength”.

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