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Corporate News

Top executives – big pay, big slay

THE phrases: “What you see is not what I get”, “it is a mirage” and “quantitative sleight” have been commonly bandied around by head-honchos to describe sensationalised news surrounding their remuneration packages. Every time the spotlight shines on the astronomical remuneration of managing directors or chief executive officers (CEOs) with hard-hitting questions on the quantum awarded when their companies are loss-making, these views are met with the typical retort that the figures have been taken out of context.

Business

WCT Q3 net profit falls to RM13.33mil

PETALING JAYA: WCT Holdings Bhd’s net profit for its third quarter ended Sept 30 fell 46.16% year-on-year to RM13.33mil from RM24.80mil.