Published March 21, 2007
M1 CEO paid up to $1.5m in 2006
MOBILEONE, the smallest of three mobile-phone companies in Singapore, paid chief executive officer Neil Montefiore between $1.25 million and $1.5 million in 2006, according to the company's annual report.
Mr Montefiore, 54, was given 880,000 share options last year. In 2005, he was paid a similar salary and awarded one million share options.
M1 reported a 2.2 per cent rise in net income to $164.6 million in 2006 on sales of $773 million. Shares of M1 were unchanged at $2.19 at the close of trading yesterday. The stock has increased 1.9 per cent this year, compared with the 4.4 per cent advance in the Straits Times Index. - Bloomberg
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