ARITHMETIC 101


The Rhetoric

“Three of DBS Group Holdings executive directors – Mr John OLds, Mr Philippe Pailart and Mr Jackson Tai – were paid a total of between $16 million and $17 million last year. Almost three quarters of the trio’s total remuneration came from bonuses.”
– Straits Times, Apr 10 2002

The Reality

“DBS Group Holdings recorded a 28 per cent fall in net profit to $999.1 million last year.”
– last sentence of the same above article

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