Temasek rebuts claim CEO Ho Ching makes US$70mil 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(filepic) annual compensation is neither the highest within Temasek, nor is she among the top five highest-paid executives in Temasek.”

SINGAPORE: Temasek Holdings Pte denied speculation that chief executive officer Ho Ching makes S$100mil (US$70mil) 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.