Forrest Li, once SG’s richest man, to forego salary; outlines Shopee’s cost-cutting measures including business travel via economy class and cheapest local ride services - The Independent Singapore News

  • 📰 IndependentSG
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 72%

Holiday Holiday Headlines News

Holiday Holiday Latest News,Holiday Holiday Headlines

In addition to limiting business travel expenses, he wrote that neither he nor top-level management will be receiving their salaries until the goal is achieved.

“The leadership team has decided that we will not take any cash compensation until the company achieves self-sufficiency,” he wrote in a 1000-word memo that was published in full in Business Insider on Wednesday .

He added that “this is not a quickly passing storm: these negative conditions will likely persist into the medium term.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in HOLİDAY

Holiday Holiday Latest News, Holiday Holiday Headlines