Everyone’s talking about how a former AXA Life Insurance agent, RameshKrishnan, has been awarded $4 million in damages. High Court Judicial Commissioner George awarded this based on the establishment package offered by Prudential:
- A commencement allowance of $675,000 +
- An initial monthly salary of $65,625 +
- A salary of $43,750 for the next 12 months.
In other words, we can look at this as a $4 million annual paycheck that was given out.
Many had a lot to say about the absurdly high pay.
|Credits: The Straits Times Singapore Facebook page|
The key question I had after reading the news article was:
Was the agents’ focus on regular premium policies self-motivated?
“The Ramesh Organisation had focused predominantly on regular premium policies instead of single premium policies since the beginning of 2010.
(Regular premium policies are those for which …