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Singapore's Temasek cuts pay for staff responsible for FTX investmentSingapore state investor Temasek Holdings (TEM.UL) said on Monday it had cut compensation for the team and senior management that recommended its investment in the now-bankrupt FTX cryptocurrency exchange.
Source: Reuters - 🏆 2. / 97 Read more »
Singapore's Temasek cuts compensation for staff responsible for FTX investmentThe move comes around six months after Temasek initiated an internal review of its investment in FTX, which resulted in a writedown of $275 million.
Source: CNBC - 🏆 12. / 72 Read more »
Singapore's Temasek cuts compensation for staff responsible for FTX investmentSingapore state investor Temasek Holdings (TEM.UL) said on Monday it had cut compensation for the team that recommended its investment in the now-bankrupt FTX cryptocurrency exchange, as well as for its senior management team.
Source: Reuters - 🏆 2. / 97 Read more »
Temasek slashes compensation for execs responsible for its $275M FTX investmentAccording to a May 29 report from Bloomberg, Temasek has wrapped up its internal review of the $275 million investment loss incurred from FTX and declared that there was “no misconduct” internally, however staff involved will have their compensation reduced. While the findings revealed that there was “no misconduct” internally, it was reported that both its investment team and senior management took “collective accountability,” and had their compensation reduced.
Source: Cointelegraph - 🏆 562. / 51 Read more »