The amount of money Ho Ching makes has been a mystery for a long time. According to multiple sources, her annual salary was close to S$100 million. This information was rejected by Temasek Holdings. She did not have the highest compensation in the firm, according to the company.
Ho Ching – Personal and Professional Information
| Category | Details |
|---|---|
| Full Name | Ho Ching |
| Birth Date | March 27, 1953 |
| Age | 71 years old |
| Birthplace | Singapore |
| Occupation | Business Executive, Former CEO of Temasek |
| Education | National University of Singapore, Stanford University |
| Major Role | CEO of Temasek Holdings (2004–2021) |
| Estimated Salary | Not publicly disclosed |
| Spouse | Lee Hsien Loong (Singapore’s Prime Minister) |
Concerning Salary Claims, Temasek Holdings Has Responded
Temasek made a formal announcement in April 2020. Social media reports on Ho Ching’s salary were deemed misleading by the firm. Executive pay are decided by the Leadership Development and Compensation Committee (LDCC). The pay practices of Temasek are not overseen by the government.
The S$100 Million Salary Rumor: An Analysis
The wage rumors involving Ho Ching started on an Asian talk program. The rumor mill had it that her daily salary was close to S$300,000. Nearly S$100 million would be spent annually in this manner. These allegations were rejected by Temasek. Executive salaries are compared to those of companies around the world, according to the company.
How Is the Salary of Temasek Decided?
Strict governance policies are followed by Temasek Holdings. Compensation plans are approved by the LDCC. Leadership influence, long-term returns, and performance determine executive compensation. Prior to making a final decision, the Board of Directors carefully considers the recommendations.
Temasek Holdings and Ho Ching’s Role
In 2004, Ho Ching was named CEO of Temasek. She oversaw the company’s meteoric rise to prominence as an international investment behemoth. In 2021, she resigned. During her time at the helm, Temasek’s investment portfolio altered. The firm’s global reach and asset base were both enhanced by her.
Issues of Public Interest and Openness
The transparency of Ho Ching’s remuneration has been a topic of heated controversy among Singaporeans. Some people think the government owns Temasek. Some think Temasek is autonomous. The company‘s explanations have not alleviated the ongoing concerns about transparency.
Official Policy on Pay Transparency
No taxpayer dollars go into Temasek. Its own revenue is generated by the firm. Salaries at Temasek are not determined by the Singaporean government. A lot of people think that CEO pay should not be public knowledge. For reasons of both privacy and business, Ho Ching’s salary is not publicized.
A Tribute to Ho Ching at Temasek
Under her guidance, Temasek’s holdings expanded substantially. Sustainability, healthcare, and technology were her areas of focus as an investor. After reaching S$90 billion in 2004, Temasek’s net portfolio worth soared to nearly S$381 billion in 2021. Her influence on the Singaporean financial scene is indisputable.
Comparing Salaries of Global CEOs
Many believe Temasek executives earn high salaries.
| CEO | Company | Estimated Salary (Annual) |
| Jamie Dimon | JPMorgan Chase | $34 million |
| Tim Cook | Apple | $98 million |
| Sundar Pichai | Alphabet (Google) | $226 million |
| Stephen Schwarzman | Blackstone | $1.1 billion |
Speculations vs. Facts: What We Know
- The S$100 million salary claim has been debunked.
- Temasek follows a structured salary approval process.
- The government does not interfere with Temasek’s remuneration.
- Ho Ching’s salary remains undisclosed.
- Her leadership contributed to Temasek’s growth.
Frequently Asked Questions (FAQs)
1. How much did Ho Ching earn as CEO of Temasek?
Temasek never disclosed her salary.
2. Did Ho Ching earn S$100 million per year?
No, Temasek refuted this claim.
3. Who decides executive salaries at Temasek?
The LDCC and Board of Directors determine salaries.
4. Why is Ho Ching’s salary not public?
Temasek is not government-funded and follows private sector norms.
5. What was Ho Ching’s role at Temasek?
She was CEO from 2004 to 2021.
6. How did Temasek grow under Ho Ching?
Its portfolio value increased from S$90 billion to S$381 billion.
7. Is Temasek part of the Singapore government?
No, it operates as an independent entity.
8. Who succeeded Ho Ching as Temasek’s CEO?
Dilhan Pillay Sandrasegara replaced her in 2021.
9. Does Temasek release salary details of executives?
No, the firm does not disclose executive pay.
10. What is Temasek’s total portfolio value?
As of 2021, it exceeded S$381 billion.
