Yageo Corp (國巨) topped the list of average compensation to board directors for a second straight year based on 2018 financial results, the latest statistics released yesterday by the Taiwan Stock Exchange showed.
Directors at the world’s third-largest passive component supplier received an average of NT$114.27 million (US$3.78 million) in compensation, the data showed.
However, that was markedly lower than the average of NT$1.03 billion it gave out for 2017.
CTBC Financial Holding Co (中信金控) again placed second, with its directors receiving an average of NT$54.29 million in compensation for 2018.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, came in third, with its directors receiving an average of NT$40.14 million.
Hiwin Technologies Co (上銀科技), the nation’s leading machinery maker, was fourth, with an average compensation of NT$29.03 million, while camera lens modules supplier Largan Precision Co (大立光) ranked fifth, with NT$25.64 million.
Uni-President Enterprises Corp (統一企業), the nation’s largest food and beverage conglomerate, placed sixth, paying out an average of NT$24.64 million.
Another passive components maker, Walsin Technology Corp (華新科), ranked seventh, with its directors receiving an average of NT$23.52 million.
It was followed by Taishin Financial Holding Co (台新金控), with an average compensation of NT$19.05 million, and vehicle distributor Hotai Motor Co (和泰汽車), with NT$18.78 million.
Rounding up the top 10 is polyester and textile maker Far Eastern New Century Corp (遠東新世紀), with its board directors receiving NT$18.18 million each.
While a high compensation might be indicative of high profits, the same cannot be said for electronics and home appliances conglomerate Tatung Co (大同), which booked losses of NT$10.64 billion for 2018, but paid out an average of NT$2.87 million for its directors, up 9.5 percent from 2017.
Far from being the only loss-making company to bump up the pay of its directors, Inventec Corp (英業達) subsidiary BESTA Co (無敵) more than tripled the compensation for its board directors to NT$1.22 million, although it posted losses of NT$29.31 million over the same period.
A total of 96 companies listed on the main bourse increased compensation to directors, despite booking losses for 2018.
Taichung reported the steepest fall in completed home prices among the six special municipalities in the first quarter of this year, data compiled by Taiwan Realty Co (台灣房屋) showed yesterday. From January through last month, the average transaction price for completed homes in Taichung fell 8 percent from a year earlier to NT$299,000 (US$9,483) per ping (3.3m²), said Taiwan Realty, which compiled the data based on the government’s price registration platform. The decline could be attributed to many home buyers choosing relatively affordable used homes to live in themselves, instead of newly built homes in the city’s prime property market, Taiwan Realty
The government yesterday approved applications by Alphabet Inc’s Google to invest NT$27.08 billion (US$859.98 million) in Taiwan, the Ministry of Economic Affairs said in a statement. The Department of Investment Review approved two investments proposed by Google, with much of the funds to be used for data processing and electronic information supply services, as well as inventory procurement businesses in the semiconductor field, the ministry said. It marks the second consecutive year that Google has applied to increase its investment in Taiwan. Google plans to infuse NT$25.34 billion into Charter Investments Ltd (特許投資顧問) through its Singapore-based subsidiary Fructan Holdings Singapore Pte Ltd, and
JET JUICE: The war on Iran’s secondary effects have seen fuel prices skyrocket, knocking flight schedules down to earth in return as airlines struggle with costs Airline passengers should brace for more irritation in the next few months as carriers worldwide cancel flights and ground planes to cope with stratospheric increases in jet-fuel prices. Dutch flag carrier KLM is the latest company to cut its schedule, saying on Thursday that it would scrap 80 return flights at Amsterdam’s Schiphol Airport in the coming month. That puts it in the same league as United Airlines Holdings Inc, Deutsche Lufthansa AG and Cathay Pacific Airways Ltd, which have all pruned itineraries to mitigate costs. Global capacity for next month has been reduced by about 3 percentage points, with all
FORESEEABLE CONSEQUENCES: New technology always comes with new innovations by the iniquitous in exploiting users for financial gain or more nefarious ends Artificial intelligence (AI) “agents” say they can save users time and energy by automating tasks, but the growing power of systems such as OpenClaw is putting cybersecurity experts on edge. Powered by a wave of hype, OpenClaw today says it has more than three million users worldwide. The system allows users to create so-called agents, tools based on a large language model (LLM) such as OpenAI’s ChatGPT or Anthropic PBC’s Claude, that can carry out online tasks. “We’ve moved from an AI you could talk with via a chatbot to an agentic AI, which can take action... the threat and the risks are
RSS