ARITHMETIC 101

March 30, 2005
Singapore Democrats

This post is at least a year old. Some of the links in this post may no longer work correctly.


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