Its all relative ainit ? If a monkey tried to eat 600,000 plus pea nuts in a year I am sure that would be either one dead or very sick monkey.
If 600,000 buck is peanuts thant what is real money ? This is a charitable organization that has no real income - the main inflow of funds is from donations and in this organization's case - payments from the clients. It is not a profit generating company so prudence has to be taken in how much they pay people becuase each dollar paid is mostly from donor funds- their statements in the past indicate that they recruit from China, India ect to get cheaper mediacal staff ok if this is ture then there so be some form a wage restrain grin so we should take it take 600,000 is a restrained salary amount it could have been more. Now if this was an SME ( a profit orientated business), then how the hell much you pay the ceo is of no real importance at first glance. But most of the corporate news in the last 12 months world wide points to a fact that if CEO salaries are linke to the wrong performance index, the company is normally the one that suffers. Since decisions and directions taken will be for sure to be favour the improvement of those indicators be the share price or sales performance target or even net profit line to make sure that by time to approval CEO pay the figures look golden. Ahhh Enron ring any bells ?
It is disturbing that NKF is being view as a business = why else the view that if they can haul in a reserve of several hundred millions, that means its ok to pay the CEO 600K per year - what of the board - I wonder what is the total payout for the CEO and the board of directors and the top 5 other staff memebers. Given the facts so far revealed , this should be a very interesting figure to analayze.
What is disturbing is the figures cited in parliment NKF only services what 44% of the kidney patients and this has slipped from what 55%. If they collect so much and cover the limited number, I would not want to run an efficiency or effectivness audit on them. Where then do those that NKF failed to service turn to ? With their resources can they not do a better job ? If they cannot why do they need so much additional resources each year.
AHh yes the world class cancer programe - NKF's charter goal is kidney failure cases not cancer - there is a Singapore Cancer Society that is chartered to cancer cases. Or is NKF collecting now on Singapore Cancer Society's behalf ?
