1MDB trial: Former CEO says he earned RM99k monthly salary, 18-month bonus at one time

https://www.thestar.com.my/news/nation/2019...nus-at-one-time

KUALA LUMPUR: The former 1Malaysia Development Bhd (1MDB) chief executive officer earned RM99,000 a month as his last drawn salary, the High Court here has been told.

Datuk Shahrol Azral Ibrahim Halmi said his starting salary when appointed to 1MDB's precursor Terengganu Investment Authority Bhd (TIA) back in March 2009 was around RM80,000.

“Every year, the HR (human resources) department would engage external consultants to measure the industry benchmark on increments.

“I don't remember the exact yearly increment, but my last drawn salary was RM99,000 before tax, ” he replied during examination-in-chief in the 1MDB trial on Tuesday (Oct 1).

Asked if he received any bonuses, Shahrol said the quantum was determined by the 1MDB board of director's remuneration committee, and was dependant on the KPI (key performance indicator) set the year before and tabled to the board.

Lead prosecutor Datuk Seri Gopal Sri Ram asked if then finance minister Datuk Seri Najib Razak had shown appreciation for his work, Shahrol recalled a call he received from Najib back in 2011-2012, where the former premier inquired about the corporate social responsibility (CSR) projects conducted for Yayasan 1MDB.

“I was very excited and I recalled during that conversation I impolitely cut off Najib a number of times as he was asking his questions, because I knew what he was asking, I had the answers, and I was very pleased to be speaking to him.” he said.

Asked why he was pleased, Shahrol replied, “He was the PM (laughs), you don't usually get the chance to speak to him”.

He added that several days later fugitive financier Low Taek Jho, better known as Jho Low, mentioned that call to him and said that “boss was pleased” that Shahrol seemed to be on top of things, referring to Najib.

Asked if he received a financial reward after the call, Shahrol confirmed he received an 18-month bonus of his then RM80,000 plus salary (for a total of RM1.44mil).

This prompted Sri Ram to quip, “Now I know I'm in the wrong profession”.

Najib, 66, faces 25 charges in total – four for abuse of power that allegedly brought him a financial benefit to the tune of RM2.3bil; and 21 for money laundering involving the same amount of money.

He faces imprisonment of up to 20 years and a fine of up to five times the sum or value of the gratification if found guilty.

The trial continues before High Court judge Justice Collin Lawrence Sequerah next Monday (Oct 7).

Hahhahahahha but some still support bn.

tahap /k/ already 20k, nothing surprising CEO level 100k wat..

Ketuanan budaya kami!
#ApaMaluBossKu!

5x /k level yo

Downplay my ass

[QUOTE]
Budaya songlap adalah hak bumi/kroni! lu siapa persoal hak org-kita!

Takpa as long as Najib defend your race

Proton, MAS and TNB CEO also got similar income right?

I'm actually more curious what happened to the last dood

My sincere advice


Join politic, you’ll get rich fast

>boss was pleased

ofc lah, u made him a billionaire

RM99k monthly salary, 18-month bonus at one time

RM99x18 = RM1.78million BONUS !!~~ drop dead

CEO:Boss is it ok to be reward 18month for me since our company has not generated any profit?

Boss Najib : Totally fine, i approved too many Billions, and the money need to go somewhere, and half already in my pocket! lets just spend it, and we repeat again next year !

This post has been edited by Clement1001: Oct 1 2019, 01:55 PM

RM100k is pretty normal for that level.

That's just CEO

Didnt consider BOD members yet

got 18 mth bonus bcos did a good CSR program? what KPI is this?? lol

CSR easy, just distribute money to the needy association...

Level of what? Level of songlap nature of company?

One of CEO I know, monthly salary USD100k...

And it’s a start up company

habis all angel fund masuk pocket dia. do the company still active and earning money?

literally earning money by second

so what have ur PH done for u?

Syukur manisfesto negara maju berpendapatan tinggi bosskur

Yes. It is just 5 x /k but yet need to putar a lot unlike easy /k life

Yeah, still active
Not sure about earning. Should be fine since it’s still running

Angel fund / investor berlambak millions...

Firstly, cleaning 1mdb bullshit already enough.

I know my friend CEO of public listed HK company getting 6 figure USD per month la. But ppl really work wan not like those goyang kaki point finger ask ppl do things only

PasNo still win big in coming GE15.

good. must hv suffering before prosperity.

No.

Normal for being CEO of a local company dealing with funds in the billions

sigh, most of Malaysian still complaining about water subsidy cut, ptptn, UEC and they turn blind eye to most important issue which is corruption. And some still think BN is the best + PAS... Malaysia will b dead very soon then.

Drag all those DUMNOs into court especially Najib, as a starter !

perghhh

wow!

i net income rm 15 k.
meaning i burger seller level.

wow!

i net income rm 15 k.
meaning i burger seller level.

So pathetic if you watch this after knowing the truth

declassified 1MDB reports.

More like Songlaputeras (whoever give and receive bribe in this country) as Bumiputeras actually got fucked by this breed of mofos.

wtf

Cari makan maaa...

Which consultant they consult? I want to ask my boss to use that firm

Najib is real boss and man doing big biz, unlike some mean bosses so reluctant to reward staffs even company making huge profits. That s why he deserves as bossku

bn supporter and voter say approve.....

gov pocket tu belong to all cronnie，apa salah？

[quote=Selectt,Oct 1 2019, 01:41 PM]
[QUOTE]
Budaya songlap adalah hak bumi/kroni! lu siapa persoal hak org-kita!

[/quote]

Kan. Sendiri tak ada hak itu, tak usah cemburu

Saya nak cari makan juga, Boss PAC
18 Nov 2015
https://forum.lowyat.net/topic/3779055

Mother eats uncooked rice for three days so that daughter can eat bread
25 Sep 2019
https://forum.lowyat.net/topic/4842217

Bro count again.

Salary Statement (in RM)
Salary: 99000.00
Bonus: 0.00
Net Salary: 64194.85
Employer Employee Sub-Total
EPF: 12870.00 10890.00 23760.00
SOCSO: 69.05 19.75 88.80
EIS: 7.90 7.90 15.80
Tax: 23887.50 23887.50
Total: 12946.95 34805.15 47752.10

https://payroll.my/

Total monthly epf > standard /k salary

In life u dun need to study hard , u just need a right connection

Syoknya 18mths bonus.

Not sure if they do, but pretty sure their KPI isn't at least imaginery made up fairy tale.

almost 2 million bonus. crazy

PAS puas hati

You sure ke MAS CEO got any useful KPI?

it's okay, as long as it's orang kita, anything and everything also okay, can be forgiven

See my ferrari?

Work harder than i can change a new one next year




Owai

bn pas cakap boleh.....songlap tu budaya...apa salahan？

Rich man

bonus 18 bulan?!!!! kimak tul

Lol as of right now, I dunno.

All I know is I refuse to fly MAS. Go Japan, fly ANA. Go Korea, fly KAL. Go Vietnam, fly bikini... Err.. I mean Vietjet.

What a day! The canary keep on singing

1MDB taking billions in loans, making money out of air...paying this type of money to keep the line in check for com pliancy ...well.. the Ex CEO ...both Shahrol and Arul... if pretend to be dumb dumb... well... a person paid RM 99k wor... CEO wor.. don't tell me they don't know what they are getting into.. or they chose to keep quiet and terima

99k gaji + 18 mth bonus.
i am in the wrong professsion

Tiba tiba 18months bonus when the company not making money. Memang best jadi croni

Bonus 18 paling win mana mau cari

Y no ppl like wongkongyew, reed90, Supergampang or aliesterfiend on this thread??

"MAS might not be profitable, but organizations, stakeholders, companies that give services to MAS are profitable. That itself is a GDP positive." Captain Izham Ismail MAS CEO

nah, i m just stepping on the crack on that religion should not practice bribery and corruption. yet, totally contradict on his religion teachings.

maklum ada kata kata "shiok sendiri"

that's why people so in love with start up their own company
get fund
thn take it yourself 1st...company performance talk later...if fail, just declare bankruptcy...money is still in your pocket safe

But some or most company punya CEO, their income tax paid by company. So almost no need to pay tax.

This post has been edited by kcchong2000: Oct 1 2019, 06:25 PM

Hidup Najis

Inb4 malayu Masih malas Dan miskin.

Can easily tapau 20 K ktard salary

malaysia very high pay country for worker.

cannot comment later their master najib wont paid them a cent

Lmao

RM99.99k/month is reasonable.

And still got ppl support and believe him.... blindly..

This is what u call fanatic