30% pay hike for UOB chief last year

Bulk of $9m pay package made up of bonuses, says annual report

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United Overseas Bank (UOB) chief executive Wee Ee Cheong got a 30 per cent pay hike last year, taking home between $8.75 million and $9 million.




In 2011, his package was about $6.5 million to $6.75 million.




The increase was on the back of UOB’s record full-year profit of $2.8 billion.




The UOB annual report, out yesterday, revealed that the bulk of Mr Wee’s pay packet, or 85.4 per cent, comprised bonuses.





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30% pay hike for UOB chief last year