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Genting Singapore has been asked to explain its executive remuneration policies to the Singapore Stock Exchange after Chairman Tan Sri Lim Kok Thay's pay doubled even though the company reported a 90 percent drop in 2020 profit.
Wynn Resorts CEO Matt Maddox and three other senior executives have agreed to take a 20 percent cut to their base pay for the first three months of the year. From April 1st, normal pay will be restored.
Genting Singapore said its executives and senior management have agreed to pay cuts to help to offset the impact of the coronavirus on its earnings, which it warns is likely to be significant.