| By Nur Dianah Suhaimi | ||
 |  | Mr Lim said people should not mistake a bonus as 'somebody getting something extra and undeserved and out of line with the current economic situation'. -- ST PHOTO: ARTHUR LEE CH |
Speaking at the launch of this year's Singapore Kindness Month, he noted that public anger arose in the United States over large bonuses paid to executives of failed American corporations because of the economic downturn.
'Nowadays, the word 'bonus' is almost a dirty word,' he said in his speech. 'There has been great misunderstanding over what the word 'bonus' entails. You have to understand that in today's context, companies' bonuses are part and parcel of the overall wage package.'
'We now operate differently from the past. So, let us not get overexcited whenever we see the word 'bonus' being used,' he added.
He said the uproar over bonuses paid by troubled firms like AIG was because the American public perceived these to have come from government bailouts.
But Mr Lim said people should not mistake a bonus as 'somebody getting something extra and undeserved and out of line with the current economic situation'.
He stressed that, with the downturn, it is even more important for Singaporeans to be kind and considerate towards others.
He also called on Singaporeans to be kind to foreigners living here, such as students from overseas.
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