By Gabriel Chen

WHAT was expected to have been a fiery session over CapitaLand's chief executive Liew Mun Leong's $20.52 million bonus turned out to be a damp squib with only one shareholder questioning whether the amount made any sense.

At the annual and extraordinary general meeting on Thursday, shareholder Tan Tock Chin queried about Mr Liew's bonus and was told the amount accrued to him in 2007 was an economic value added bonus payment, known as EVA.

Essentially, EVA measures the net operating profit after tax of the group, minus the cost of all capital employed.

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