Temasek cuts salary of staff responsible for its failed FTX investment

Singapore state investor Temasek has cut the compensation of staff responsible for its investment in FTX, which collapsed in November.

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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.
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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.
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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.
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Singapore's Temasek to Exercise Caution in Crypto Space After FTX Nightmare.temasek has reduced compensation for the management and investment team responsible for its failed investment $275 million in ftx_official. thesamreynolds reports.
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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.
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