WOW... Average staff earning RM1.125 million in this Company

I read an article in StarBiz yesterday with the title "Too Big To Fail?" which highlights five intriguing things about an audited account of an unnamed Company. Out of the 5 points highlighted, I am particularly interested in this point:

***START***

5. Remuneration Per Staff:


In its annual report, the company stated that it had a total of 200 investment management staff and 120 administrative staff. This adds up to a total workforce of 320, resulting in a total staff cost of RM360mil. This works out to a significant average annual cost per employee. Evidently, the staff force is all well paid and one would assume that they should be delivering results for the subsidiary.

***END***

My view:
Let's do the simple math: RM360m for 320 staffs means on average an employee earns RM1,125,000 yearly in this Company. This thing really worth another highlight: It's RM1.125m average annual earnings per staff.

Finding it hard to make ends meet every month? Maybe you should join this Company. But the sad thing is we don't know exactly which Company is this...