What is happening here is SIA are trying to claw back some of the $2 Billion SGD that the CEO has lost the Airline in their disastrous investments in Virgin Atlantic and Air New Zealand, Not only did we take an unnecessary paycut for 6 months, we also lost our service increment for 2002 just so the CEO could not lose face and show a loss for the financial year.
Now his two ex Armchair bullyboy Generals are trying to show their worth to the Board and screw the Pilots and save more money,whilst the CEO has the barefaced cheek to continue in his position but that is how things go in Singapore.
Just look at the financial losses incurred by Govt investment arm in China, the huge losses at DBS Bank who paid over the odds for a Bank in Hong Kong, Singtel paying over the odds for Optus in Oz and so it goes on. The CEO of SIA wins hands down on what he has lost the company, I award him the title of investment Clown of the year!!!