By Lee Wee Tak

There are some employment benefits that would make you green with envy. Take Nazir Abdul Razak's share option benefits in Bumiputra Commerce Holdings Berhad for instance:

Base on the Directors' Report for year ended 31 December 2006, on 31 December 2006, he held 12,958,872 Bumiputra Commerce Holdings Berhad ordinary shares and another 19,644,389 employee share option exercisable at RM1.42 per share.



2007 Annual Reports and Accounts shows that on 7 January 2008, he exercised his option and converted all the 19,644,389 options into shares at exercise price of RM1.42 per share; costing him only RM1.42 per share RM27,895,032.

Read more at: http://wangsamajuformalaysia.blogspot.com/2010/07/employment-benefits-that-is-worth-your.html

Comments (8)

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written by Semuaok, July 30, 2010 21:21:00

Our best mind game plan is to make money by abusing option at way below market price.

Malaysia Boleh

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written by Citizen Watch, July 30, 2010 05:49:35

Read my Bloated Account drooling pink lips: That's what I get, among other things, when I help my bro to allay the fears of the rakyat regarding the FDI and much more!

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written by a guest, July 30, 2010 01:09:28

But he claims that he is the most talented businessman in Malaysia, or probably the world.
Hmmm.... perhaps now Fatty Low has overtaken him!

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written by Sashi Nair, July 29, 2010 23:56:49

Like that F**ker mamak Dr. M once said, you cannot prejudice my family from doing business just because I am know it all PM of Malaysia, stupid ppl who cannot understand separation or power and position and that high office takes personal and family sacrifices.....

Besides, in our good neighbors in the south, the lee family is so smart and the rest of Singaporeans so dumb that his brilliantness, Mr. Lee KY can only be succeeded by his son and all major government institution such as the MAS (monetary authority of Singapore) and Temasek must be controlled by his son, daughter, daughter in law etc.

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written by NSTPravda, July 29, 2010 23:26:13

Read my Qur'an swearing pink pouting lips: what's the point of being the Brother of the Master of the Master Race, when he cannot get at least a fraction as much as the Master's cut in the nation's loot harta berkat? Dollar akbar! Al-UMNOdollarlah!

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written by cheekhiaw, July 29, 2010 22:53:42

Ah, the financial option description for such a thing is 'leveraged thievery'. It is a kind of special rights for sons of those that created Thievesland 40 years ago...

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written by red1, July 29, 2010 22:52:53

Sudah kaya, lagi kaya. The rich becomes richer, the poor gets poorer and pathetic.

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written by syd, July 29, 2010 22:48:49

mamaks shop only offer malaysian RM4 per hour . I suppose food is free. Same with 7/11 stores. No free food somemore.

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