SG Talk

Temasek's investment team and senior management "took collective accountability and had their compensation reduced" after the firm's failed investment in cryptocurrency company FTX, chairman Lim Boon Heng said on Monday (May 29).

"With FTX, as alleged by prosecutors and as admitted by key executives at FTX and its affiliates, there was fraudulent conduct intentionally hidden from investors, including Temasek," Mr Lim said in his statement.

"Nevertheless, we are disappointed with the outcome of our investment, and the negative impact on our reputation," he added.

More at https://tinyurl.com/56x5bf9p

because most they are top management staffs.

(29-05-2023, 11:28 PM)pinkypanther Wrote: [ -> ]Temasek's investment team and senior management "took collective accountability and had their compensation reduced" after the firm's failed investment in cryptocurrency company FTX, chairman Lim Boon Heng said on Monday (May 29).

"With FTX, as alleged by prosecutors and as admitted by key executives at FTX and its affiliates, there was fraudulent conduct intentionally hidden from investors, including Temasek," Mr Lim said in his statement.

"Nevertheless, we are disappointed with the outcome of our investment, and the negative impact on our reputation," he added.

More at https://tinyurl.com/56x5bf9p

" Compensation reduced " but they didn't specify how much percentage? LOL.

another case of ownself check ownself.

Disgraceful

(30-05-2023, 12:36 AM)lioncityftw Wrote: [ -> ]" Compensation reduced " but they didn't specify how much percentage? LOL.

It sounds very shady