Quote:
Originally Posted by Unregistered
“Justice Vinodh estimated that Mr Pollmann, taking an average bonus of 35 per cent a year, would have earned around $658,000 annually for the next 14 years.”
From ST:
Mr Christian Joachim Pollmann, 45, who was the executive director of Swiss bank Julius Baer, was so seriously injured that his speech is now severely impaired, he has to depend on a live-in caregiver, and will probably never work again.
Justice Vinodh believed Mr Pollmann, who is living in Singapore, would have been promoted to managing director senior adviser last year had the accident not happened.
Justice Vinodh estimated that Mr Pollmann, taking an average bonus of 35 per cent a year, would have earned around $658,000 annually for the next 14 years.
Breakdown of award
Loss of future income
$9,325,541
s://.straitstimes.com/singapore/136m-payout-for-cyclist-hurt-in-road-accident
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You know managing director is a very high profile role. There are only a few managing directors within the bank and most folks wont make it to managing director. Probably there are only a handful MDs within Singapore branch itself. You can count them by hands.
It is equivalent to VP (one level below CXO) at MNC. While VP at Bank is equivalent to Manager at MNC. You know right the difference between VP and Manager?. Manager pay can only be 1/3 or 1/4 of what VP is getting. This is also the case for banks. Hence dont compare MD salary with normal folks. Even if you are from Ivy Leagues, chances of becoming MD is very slim.