Compensation Packages of at Least $1 Million at Five Autonomous Universities

Debated in Parliament on 4 Aug 2014.

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Assoc Prof Tan Kheng Boon Eugene questioned how many AU staff had compensation packages of at least $1 million in the last five years and whether top management salaries have drifted disproportionately compared to peer institutions in North America and Europe.
Heng Swee Keat responded that an average of five staff per year across all five AUs had packages over $1 million, representing about 0.03% of the 16,000 full-time staff and faculty.
Heng Swee Keat noted that while top management salaries in foreign universities vary widely and can exceed local levels, detailed comparisons are unavailable due to lack of remuneration package data from other institutions.

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Assoc Prof Tan Kheng Boon Eugene

Assoc Prof Tan Kheng Boon Eugene asked the Minister for Education (a) how many staff or faculty at each of the five Autonomous Universities (AUs) have had annual overall compensation packages of at least $1 million in the last five years; and (b) whether there has been an upward drift of salaries of top management in our AUs that is disproportionate to or outstrips similar peer institutions in North America and Europe.

Heng Swee Keat

In the last five years, an average of five staff in each year across all five autonomous universities have had overall compensation packages of over $1 million. This number corresponds to around 0.03% of the 16,000 full-time staff and faculty members employed collectively by the five autonomous universities.

The salaries of top management in foreign universities vary widely, with some far exceeding salary levels of top management here. However, we do not have the details of remuneration packages in other universities and are, therefore, unable to make direct comparisons.

Page: 129

Summary written by AI (learn more)

Assoc Prof Tan Kheng Boon Eugene questioned how many AU staff had compensation packages of at least $1 million in the last five years and whether top management salaries have drifted disproportionately compared to peer institutions in North America and Europe.
Heng Swee Keat responded that an average of five staff per year across all five AUs had packages over $1 million, representing about 0.03% of the 16,000 full-time staff and faculty.
Heng Swee Keat noted that while top management salaries in foreign universities vary widely and can exceed local levels, detailed comparisons are unavailable due to lack of remuneration package data from other institutions.

Questions identified by AI (learn more)

Compensation Packages of at Least $1 Million at Five Autonomous Universities | PAPERCUTS

Compensation Packages of at Least $1 Million at Five Autonomous Universities

Debated in Parliament on 4 Aug 2014.

Summary written by AI (learn more)

Assoc Prof Tan Kheng Boon Eugene questioned how many AU staff had compensation packages of at least $1 million in the last five years and whether top management salaries have drifted disproportionately compared to peer institutions in North America and Europe.
Heng Swee Keat responded that an average of five staff per year across all five AUs had packages over $1 million, representing about 0.03% of the 16,000 full-time staff and faculty.
Heng Swee Keat noted that while top management salaries in foreign universities vary widely and can exceed local levels, detailed comparisons are unavailable due to lack of remuneration package data from other institutions.

Questions identified by AI (learn more)

Full Transcript

Assoc Prof Tan Kheng Boon Eugene

Heng Swee Keat

Page: 129

Summary written by AI (learn more)

Assoc Prof Tan Kheng Boon Eugene questioned how many AU staff had compensation packages of at least $1 million in the last five years and whether top management salaries have drifted disproportionately compared to peer institutions in North America and Europe.
Heng Swee Keat responded that an average of five staff per year across all five AUs had packages over $1 million, representing about 0.03% of the 16,000 full-time staff and faculty.
Heng Swee Keat noted that while top management salaries in foreign universities vary widely and can exceed local levels, detailed comparisons are unavailable due to lack of remuneration package data from other institutions.

Questions identified by AI (learn more)

Compensation Packages of at Least $1 Million at Five Autonomous Universities

Summary

Questions Identified

Full Transcript

Assoc Prof Tan Kheng Boon Eugene

Heng Swee Keat

Summary

Questions Identified

Compensation Packages of at Least $1 Million at Five Autonomous Universities

Summary

Questions Identified

Full Transcript

Assoc Prof Tan Kheng Boon Eugene

Heng Swee Keat

Summary

Questions Identified