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23-06-2015, 08:53 PM
Total Shareholders' Returns is a subjective yardstick.
IMHO, Singtel is one of those companies with low growth predictable cashflow that was in favour amongst fun mgrs allocating $ to a boring SGX mkt.
To be fair, TSR captured yield compression that is featured prominently amongst this global investment theme.
I wouldn't rate TSR as a KPI too highly given that whoever that benefited from such a bubbly stock market phenomenon seldom return their benefits when there is a stock market downturn and hence shareholders should have every right to question TSR as a KPI for key personnel bonus payments.
IMHO, Singtel is one of those companies with low growth predictable cashflow that was in favour amongst fun mgrs allocating $ to a boring SGX mkt.
To be fair, TSR captured yield compression that is featured prominently amongst this global investment theme.
I wouldn't rate TSR as a KPI too highly given that whoever that benefited from such a bubbly stock market phenomenon seldom return their benefits when there is a stock market downturn and hence shareholders should have every right to question TSR as a KPI for key personnel bonus payments.
(23-06-2015, 08:31 PM)CityFarmer Wrote: SingTel Chairman media statement on CEO salary. It is a pretty quick response.
http://infopub.sgx.com/FileOpen/Media%20...eID=357107