The CEO of Genting, Tan Sri Lim Kok Thay was ranked as the highest paid CEO in the Malaysia’s corporate world with staggering earnings of RM86.5 million in 2007.
On average, throughout the year 2007, he received about RM7.2 million per month, or RM1.8 million per week, or about RM260,000 per day. Roughly, his daily earning can pay the salary of an office executive earning RM2,000 for over 10 years.
The earnings also did not include other benefits and expenses such as traveling, luxury accommodations, company cars and so on.
Lim Kok Thay is the son of Genting’s founder and former Chairman, the late Tan Sri Lim Goh Tong. He took over the helm as the company’s chief in 2006.
As for the GLC (Government-Linked Corporation) companies, the CEO of Bumiputra-Commerce Holdings (CIMB), Datuk Nazir Razak, became the highest paid GLC CEO with a disclosed earnings of RM9.35 million. Nazir is the key person behind the phenomenal success of CIMB, which grew by leaps and bounds through mergers, acquisitions and product expansions.
Other highly paid CEOs and top executives in Malaysia include:
Teh Ah Lek (Public Bank – RM6.2 million)
Rozali Ismail (Puncak Niaga – RM5.2 million)
Ralph Marshall (Astro – RM3.4 million)
Amirsham Abdul Aziz (Maybank – RM2.7 million)
Ahamad Zubir Murshid (Sime Darby – RM2 million)
Yusli Mohamed (Bursa Malaysia – RM1.97 million)
Lodin Wok Kamaruddin (Bousted Holdings – RM1.85 million).
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