Thread by @datukhensem

Few days ago, BNM revealed that half of the workforce in Malaysia is earning about RM1,700 a month and graduates with a first degree or diploma earn on average, starting salaries of RM2,207 and RM1,346 per month, respectively.

While on the other hand, the living wage for a single adult was RM2,700 per month; RM4,500 per month for a couple without children; and RM6,500 per month for a couple with two children.

We have been hearing a lot of employees complaining that their wages are not enough and some have been stagnant with very minimum increment over the years.

Why is this happening? The economy is bad? I don't think so. Our GDP grew 5.9% last year. Our public listed companies reported billions of ringgit in profits.

So if you ask me, what is the real problem? I don't have a precise answer for that question but tonight i wanna share with you something interesting (maybe).

Most of the big companies in Malaysia are publicly listed. So here are some info regarding top managements' remuneration (salaries and other benefits) of 19 public listed companies in Malaysia. Note: FY is Financial Year

1. Maybank
Datuk Abdul Farid Alias
Group President & CEO
FY2016: RM6,128,605
FY2017: RM10,111,610
Increment: RM3,983,005 (64.99%)

2. Astro
Dato' Rohana Rozhan
Executive Director & GCEO
FY2016: RM10,683,000
FY2017: RM13,826,000
Increment: RM3,143,000 (29.42%)

3. CIMB
Tengku Dato’ Sri Zafrul Tengku Abdul Aziz
GCEO
FY2016: RM7,611,000
FY2017: RM9,861,000
Increment: RM2,250,000 (29.56%)

4. TNB
Datuk Seri Ir. Azman bin Mohd
CEO
FY2016: RM5,418,097
FY2017: RM7,247,219
Increment: RM1,829,122 (33.76%)

5. Sapura Energy
Tan Sri Dato’ Seri Shahril Shamsuddin
GCEO
FY2016: RM83,394,000
FY2017: RM84,242,000
Increment: RM848,000 (1.02%)

6. Bursa Malaysia
Dato' Tajuddin Atan
CEO
FY2016: RM5,774,000
FY2017: RM5,918,000
Increment: RM144,000 (2.49%)

7. Maxis
Morten Lundal (leaving Maxis on 31st March 2018)
CEO
FY2016: RM31,943,000
FY2017: RM31,803,000
Increment: -RM140,000 (-0.44%)

8. Sime Darby
Tan Sri Mohd Bakke Salleh
GCEO (until 20 November 2017)
FY2016: RM6,968,000
FY2017: RM7,861,000
Increment: RM893,000 (12.82%)

9. IOI
Tan Sri Dato' Lee Shin Cheng
Executive Chairman
FY2016: RM20,167,000
FY2017: RM23,149,000
Increment: RM2,982,000 (14.79%)

10. Gamuda
Dato' Lin Yun Ling
Group Managing Director
FY2016: RM4,408,000
FY2017: RM4,806,000
Increment: RM398,000 (9.03%)

11. RHB
Dato' Khairussaleh Ramli
GCEO
FY2016: RM6,712,500
FY2017: RM6,229,000
Increment: RM483,500 (7.20%)

12. CMSB
Dato' Richard Curtis
Managing Director (Retired 31st Dec 2017)
FY2016: RM1,773,000
FY2017: RM2,259,000
Increment: RM486,000 (27.41%)

13. Berjaya Corp
Dato' Robin Tan Yeong Ching
CEO
FY2016: RM5,050,000
FY2017: RM7,400,000
Increment: RM2,350,000 (46.53%)

14. Genting
Tan Sri Dato Seri' Lim Kok Thay
Chairman/CEO
FY2015: RM164,000,000
FY2016: RM163,000,000
Increment: -RM1,000,000(-0.61%)

15. Nestle Malaysia
Alois Hofbauer
CEO
FY2016: RM3,050,001
FY2017: RM3,327,991
Increment: RM277,990 (9.11%)

16. IJM
Dato' Soam Heng Choon
CEO
FY2016: RM3,735,000
FY2017: RM4,534,000
Increment: RM799,000 (21.39%)

17. Public Bank
Tan Sri Dato' Sri Tay Ah Lek
CEO
FY2016: RM23,441,000
FY2017: RM27,836,000
Increment: RM4,395,000 (18.75%)

18. Axiata
Tan Sri Jamaludin Ibrahim
GCEO
FY2015: RM6,991,000
FY2016: RM8,489,000
Increment: RM1,498,000 (21.43%)

19. TM
Tan Sri Dato' Sri Zamzamzairani
GCEO( left TM on 30th April 2017)
FY2015: RM2,308,800
FY2016: RM5,793,596
Increment: RM3484796 (150.94%)

I actually wanted to compare their increments with the companies Y-o-Y performance. But don't have enough time to do that.

And one more thing, if I'm not mistaken, it is not required for PLC to disclose their CEO-to-worker pay ratios in their annual report. I think Bursa need to put this in listing requirements. Or at least GLCs should start to provide such data.