Salary cut for Temasek's investment team, senior management over failed bet on FTX - TechNode Global

So, I came across this article that caught my attention about Temasek’s investment team and senior management getting a salary cut because of a failed bet on FTX. Basically, Temasek is a major investment company in Singapore and they made a bad decision to put a ton of money into this cryptocurrency exchange called FTX. Unfortunately, things didn’t pan out the way they were hoping and they ended up losing a lot of money.

As a result, Temasek announced that they would be cutting the salaries of their investment team and senior management by 5-15%. That’s a pretty significant hit, especially for those who were not directly involved in the FTX decision.

Now, I personally don’t know too much about investing, but it makes sense to me that if you’re in charge of making big decisions like this, you should be held accountable if things go wrong. It’s not fair to the rest of the company if a few people make bad choices and everyone else has to suffer the consequences.

Overall, I think this article is just another reminder of how important it is to make smart financial decisions, whether you’re managing your own money or someone else’s. You don’t want to end up in Temasek’s shoes, taking a pay cut because of one bad investment.