Impressive: Singapore Airlines CEO Takes 15% Pay Cut

SIA CEO earns total $5.5 million in last FY
According to SIA Annual Report FY2018/19, Goh earns $1.4 million in salary or about $116K a month. Including bonuses, shares and benefits, his total package amounted to some $5.5 million in the last FY.

A 15% pay cut is not impressive for people who are already earning a fortune and could stop working at any time

The 15% pay payment is not worth it at all for persons who are already earning big

15% is 15% but for the money he makes it won’t make a hole in his wallet.

I also heard that Vietnam Airlines management will be taking a pay cut. I’m unsure if they’re also asking other employees to take a pay cut as well, but it could be worth following up on.

No matter what y’all want to say but can you imagine other airlines such as BA or the legacy carriers of the US ever willing to take a pay cut from manager to CEO level?

Exactly, all these people claiming 15% doesn’t matter, yet all the American and European CEOs won’t even take that kind of pay cut to show solidarity with their employees.

So management are taking tiny hits to their fat salaries just before they put thousands of rank and file workers out of their jobs. Yup, really impressive.

I thought CEO of AA has base salary of $0 given all his pay is based on AA stock?
As for SQ CEO, I agree it’s great to see a 15% paycut but when they make millions a year that’s like winning the lottery every year!

It depends on the person. Plenty of wealthy people would fight tooth and nail over giving up 15% of their pay. My mom's net worth is easily in the 7 figures and she will stand in the customer service line at the grocery store if they overcharge her a mere $2. It's crazy.

This is a PR stunt. This company is a brand, a symbol of the nation. It’s synonymous to statue of liberty in US or eiffel in france. Government will spend tax payer money to maintain them. Temasek aka the Government will keep injecting money to the company. No one will lose their job in SQ. Union? It’s singapore, union has no power.

I appreciate leadership taking the first cut. I know the popular rhetoric right now is to crap on wealthy or successful people, but taking a bigger pay cut than the one you are asking your subordinates to take is good leadership and I applaud it.

SIA has always had a history of everyone top down from the CEO to the ticket agent taking cuts when they have to for the benefit of the airline when times get tough. They have also in the past profit shared very generously on the upside after they have to go through these down turns to reward the personal sacrifice of all staff. That's one of many reasons they have remained such a top world class airline for decades.

For those complaining about American CEOs.
Taking 15% cut just doesn't work.
Either you take $1 salary or you don't. Anything in between is a failed PR stunt (just like all those who complain about 15%)
The reason is taking 15% cut doesn't change anything. CEO will still make big money and the saving isn't big enough to save the company. Employees see through that. However if the cut does make a difference then the CEO is grossly overpaid already.
A pay cut is a lose-lose option.
If the CEOs really wanted to show employees that they care then they should take a $1 salary as a symbolic gesture that they are in it together not a pay cut that doesn't affect the CEOs at all.

American CEOs are smart enough to realize this stupid stunt will get no where, they might as well just keep the money, LOL.

I find it amazing that people are quick to run down someone who has taken a pay cut to the size of 15% and are able to justify it by saying he was making heaps anyway and wont miss it. I would ask them whether in their working lives have they ever taken a voluntary pay cut when they didn't need to? I bet not.

When earning money, it does not matter at what level, there are always living expenses and other expenses that need to be met. Yes a lot of these are increased as a result of no longer eating minced beef, now eating top cuts of beef, or not having the occasional meal at a fast food restaurant and eating Michelin rated restaurants. But a sacrifice is being made. It didn't need to be.

Meanwhile, Philippine Airlines, is quick to pull the trigger. They even used a screencap of your post. You might want to check this out Lucky. https://bilyonaryo.com.ph/2020/03/02/sacrificial-lambs-singapore-airlines-ceo-shares-pain-of-travel-crisis-while-lucio-tan-makes-pal-employees-take-all-the-brunt-palea/

Isn't this 15% paycut is just for one month only ? Or for a year of pay cut ?

In case you're interested, in the wider context virtually all members of the Singapore government and civil service are taking large pay cuts. (The coronavirus is taking its toll on the economy.) I suppose as the national carrier SIA isn't exempt. It's for optics of course but an appreciated gesture.

people quick to say pr stunt when no us legacy ceos are taking any paycut. taking some paycut is better than us ceos that have all the employees take the burn. You wonder why us airlines never improve with ignorant passengers telling from the comments here. when the interest of the top are taking a hit along with everyone else it keeps them aware and focused on the bigger picture. Not themselves like the us legacy ceos.