Former MTR Corp boss has bonus slashed but still gets HK$11.8 million, despite year of scandal at troubled Hong Kong rail operator
- Former CEO takes 22 per cent hit after city’s leader says there must be no golden handshakes
- Annual report reveals four top official were paid a total of HK$31.1 million in 2018
Former MTR Corporation CEO Lincoln Leong Kwok-kuen has paid the price for the rail operator’s poor performance over the past year, with his bonus slashed from HK$4.5 million to just HK$700,000, the firm’s annual report showed on Thursday.
Leong, who was forced to take early retirement after the construction scandal involving the HK$97.1 billion (US$12.4 billion) Sha Tin-Central link, still received a total of HK$11.8 million, although that was 22 per cent less than the HK$15.2 million he got in 2017.
The 58-year-old officially stepped down at the end of March, 18 months earlier than planned.
According to the annual report, former projects director Philco Wong Nai-keung was paid HK$6.2 million last year, down from HK$8 million he received in 2017. Part of his package included a HK$400,000 bonus, down from the HK$1.6 million in 2017.
Wong was forced to resign in August last year, after Chief Executive Carrie Lam Cheng Yuet-ngor demanded heads roll following accusations a subcontractor had cut corners while building the expanded Hung Hom station.
