Maybank's CEOs annual income - RM4,697,000.00 (A government linked company) ?

Interesting information, that I found from the National Union of Banking Employees (NUBE) website;

Maybank CEO’s income – a shocking discovery
Circular No: 08/11 7 February 2011

Salam NUBE!

Maybank’s Financial Records unveils the immoral income paid to the CEO, Abdul Wahid Omar who employed on contract basis for 2010: 

Type of Income	RM (p/Annum)	RM (p/Month)	RM (p/Day)
Salary	1,080,000.00	90,000.00	2,958.90
Bonuses	2,160,000.00	180,000.00	5,917.81
Pension	652,000.00	54,333.33	1,786.30
Other Emoluments	91,000.00	7,583.33	249.32
Benefits in kind	79,000.00	6,583.33	216.44
Director's Fee & other emoluments*	635,000.00	52,916.67	1,739.73
Grant Total of Maybank CEO’s income excluding Life, General Takaful and Family Takaful funds received for the year	4,697,000.00	391,416.67	12,868.49

* Compensation for service

In 2009, his total annual income was RM 4,227,000.00, an indecent increase of RM 470,000.00 in 2010.   His annual bonus is also equivalent to 24 months times his monthly basic salary plus all the other benefits. In 2 years he earned 48 months bonus, if he was employed in Maybank for 10 years, how much would he take from your contribution?

A special grade clerk at the maximum of the salary range earns only RM 56,462.00 per year, far lesser than the “benefits in kind” Maybank CEO takes for himself.

How can one (1) individual employed less than 3 years in Maybank justify his massive and immoral income whilst more than 5,000 Thousand NUBE members, in the lowest income group in Maybank are paid NOTHING for their contribution towards the performance of Maybank – One man’s sweat another man’s glory???

You can now see the connection between the sudden formation of the in-house union and the reason the in-house union is claiming NUBE’s demand of 80 months bonus is unjustified. These are traitors who preach they will protect Maybank non-executives.

As a Government Linked Company (GLC), Maybank is working against the aspirations of our PM to close income divide and this anti-PM aspiration is led by the CEO of the largest GLC in our banking industry.   It will be interesting to watch Maybank Berhad, become an international debacle for its union busting activities and for depriving NUBE members their rights.

NUBE members have contributed immensely to the profits of Maybank.  We have our pride and dignity.  NUBE will protect its members whilst the dirty and foul hands of Maybank in exploiting workers will be exposed both locally and internationally. 

One for all and all for one

Top 30 shareholders.shareholdings and the percentage as at 17 February 2010

	Name of Shareholders		Shareholdings		%
1.	AmanahRaya Trustees Berhad		3,311,496,069		46.79
	(B/O : Skim Amanah Saham Bumiputera)
2.	Employees Provident Fund Board		782,117,434		11.05
3.	Permodalan Nasional Berhad		395,702,883		5.59
4.	Lembaga Kemajuan Tanah Persekutuan (FELDA)		158,606,688		2.24
5.	Kumpulan Wang Persaraan (Diperbadankan)		145,733,525		2.06
6.	AmanahRaya Trustees Berhad		144,891,840		2.05
	(B/O : Amanah Saham Wawasan 2020)
7.	AmanahRaya Trustees Berhad		144,169,788		2.04
	(B/O : Amanah Saham Malaysia
8.	Valuecap Sdn Bhd		125,432,100		1.77
9.	Malaysia Nominees (Tempatan) Sendirian Berhad		63,329,381		0.89
	(B/O : Great Eastern Life Assurance (Malaysia)
	Berhad (Par 1))
10.	HSBC Nominees (Asing) Sdn Bhd		55,556,184		0.78
	(B/O: Exempt AN for The Bank of New York Mellon
	(Mellon Acct))
11.	HSBC Nominees (Asing) Sdn Bhd		37,677,958		0.53
	(B/O : BBH and Co Boston for Vanguard Emerging
	Markets Stock Index Fund)
12.	AmanahRaya Trustees Berhad		36,530,793		0.52
	(B/O : Sekim Amanah Saham Nasional)
13.	HSBC Nominees (Tempatan) Sdn Bhd		35,520,693		0.50
	(B/O : Nomura Asset Mgmt Malaysia for Employees
	Provident Fund)
14.	AmanahRaya Trustees Berhad		34,532,100		0.49
	(B/O : AS 1Malaysia)
15.	Citigroup Nominees (Tempatan) Sdn Bhd		30,560,000		0.43
	(B/O : Exempt AN for Prudential Fund Management
	Berhad)
16.	Alliancegroup Nominees (Tempatan) Sdn Bhd		27,175,593		0.38
	(B/O : PHEIM Asset Management Sdn Bhd for
	Employees Provident Fund)
17.	HSBC Nominees (Asing) Sdn Bhd		26,590,631		0.38
	(B/O : Exempt AN for JPMorgan Chase Bank,
	National Association (U.A.E.))
18.	Lembaga Tabung Angkatan Tentera		26,293,381		0.37
19.	Cartaban Nominees (Asing) Sdn Bhd		23,781,223		0.34
	(B/O : Government of Singapore Investment
	Corporation Pte Ltd for Government of
	Singapore (C))
20.	Cartaban Nominees (Asing) Sdn Bhd		23,347,820		0.33
	(B/O : State Street for Ishares, Inc.)
21.	Pertubuhan Keselamatan Sosial		22,733,319		0.32
22.	Citigroup Nominees (Tempatan) Sdn Bhd		22,164,879		0.31
	(B/O : Exempt AN for American International
	Assurance Berhad)
23.	SBB Nominees (Tempatan) Sdn. Bhd.		21,378,550		0.30
	(B/O : Employees Provident Fund Board)
24.	HSBC Nominees (Asing) Sdn Bhd		21,323,465		0.30
	(B/O : Exempt AN for JPMorgan Chase Bank,
	National Association (Norges BK Lend))
25.	HDM Nominees (Asing) Sdn Bhd		17,004,693		0.24
	(B/O : Lim & Tan Securities Pte Ltd for Topview
	Holdings Limited)
26.	Cartaban Nominees (Asing) Sdn Bhd		14,259,017		0.20
	(B/O: State Street for MSCI Equity Index Fund B
	Malaysia (Barclays G INV))
27.	Yong Siew Yoon		14,218,747		0.20
28.	HSBC Nominees (Asing) Sdn Bhd		12,839,626		0.18
	(B/O : Exempt AN for JPMorgan Chase Bank,
	National Association (U.S.A))
29.	Cartaban Nominees (Asing) Sdn Bhd		12,369,155		0.17
	(B/O : SSBT Fund SWJX for California Public
	Employees Retirement System)
30.	SBB Nominees (Tempatan) Sdn. Bhd.		11,238,975		0.16
	(B/O : Kumpulan Wang Persaraan (Diperbadankan)
	Total :		5,798,576,510		81.91