He also holds 2.12 million SingTel share options. Information like this is not normally available in Singapore but as Singapore's government-dominated corporate sector pushes off its tiny island economy to guarantee expansion, analysts expect such changes to arrive in corporate Singapore itself. The disparity may provide cause for Mr Lee to renegotiate his own salary to the upside. The competitive difference between executive salaries is reflected in recent results from Optus and SingTel. SingTel is the lumbering near-monopoly incumbent, enjoying massive profit margins, while Optus in Australia is the aspiring number two to Telstra.
Salaries are sensitive issues in Singapore, which has the world's highest paid government ministers.
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