Temasek Refutes Claim Ho Ching Makes S$100 Million a Year
- Company says Ho isn’t among top five highest-paid executives
- Ho Ching is the wife of Singapore’s leader Lee Hsien Loong
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Temasek Holdings Pte denied speculation that Chief Executive Officer Ho Ching makes S$100 million ($70 million) a year.
“This claim is false,” the Singapore state investor said in a rare statement addressing the pay of the top executive, who’s also Prime Minister Lee Hsien Loong’s wife. “Furthermore, Ho Ching’s annual compensation is neither the highest within Temasek, nor is she amongst the top five highest-paid executives in Temasek.”