Temasek Cuts Compensation of Senior Team Over Failed FTX Investment

(Straits Times) — Temasek said it has cut the compensation of its senior management and the investment team involved in the failed investment in FTX, as they take accountability for the reputational damage suffered by Singapore’s investment company.

This was disclosed in a statement issued on Monday by Temasek chairman Lim Boon Heng.  

Lim said: “An independent team has conducted an internal review of the investment and the findings were directly presented to the Board Risk and Sustainability Committee, and to our board.