On Thu, 22 Jun 2006 08:45:40 +0800, "Bald eagle"
Post by Bald eagleIs the job of the CEO like "store-keeper" ? Certainly
NOT.
In Temasek's context...Yes definitely, it is NOT selling any
particular brand of products nor it is manufacturing any products
to sell, it is an investment arm. There is a difference between
running KFC, Coca-Cola, HP, Tiger beer, and keeping "dried grass"
for the Spore cows to eat and depend on when and if winter months
set in.
Everybody worth his salt knows that, bigger returns mean bigger
risks....steady/small returns have lesser risks.... every
investment carries with it certain risks and certain
profits/losses.
Temasek is NOT an MNC in the normal context, no matter how you
want to look at it as one, for the lack of better words to
describe it, it is just a barn for the cows....me & you are the
cows.
Post by Bald eagleA "captain of a ship" was appointed with pay equal
to CEO of other MNCs and perks better than
other MNCs.
She is responsible for sailing the ship safely through all
rough waters and heavy seas in all storms.
She failed as the capt of Temasek....
She should resign and be fired, like other CEOs.
Where is the specific failure? where is the success? yes somebody
is there as a "captain" to steer it safely, the fact remains it
is sailing all over the world, and it's only natural it will be
subjected to the ocean's tides, currents and weather
conditions.....on some days, the ship can go 25 knots, but if it
hits a typhoon, it will only do 5 knots.
Post by Bald eaglePost by AleXXAs your "complaint" seems to suggest, you'd rather hire a top
notch foreign CEO to run Temasek...
I did not suggest getting a foreigner. They cannot be trusted
to handle our national treasure, our hard earned savings.
An ex minister was the CEO before her. There are many
other locals with proven ability, such as JYM Pillay,
Dr. Cheong Choon Kong, Lim Chin Beng, and other
ex ministers......
So what make you conclude that this people are not in the "inner
circle" of advisors? I'd bet you Lim Chin Beng/Pillay would be
consulted for advice, suggestion when their knowledge/expertise
in the aviation field are required, what made you think Temasek
will just make decisions on its own? isn't that your own
conjecture, something you believe to be happening?
Post by Bald eagleIt is a commercial organisation with a portfolios of over S$ 108
BILLIONS, also overseeing GLCs like SIA, DBS, Singtel. A
professional CEO with extensive experience and track record
of looking after such a large organisation, with the necessary
talent and ability should be the CEO.
yeah like who? with such big portfolios, what you need most is
someone whose loyalty is beyond doubts.....if you cannot trust
your own daughter, then who can you trust? Warren Buffet? George
Soros? Sultan of Brunei? maybe Dr Mathathir & Tun Daim?
Post by Bald eagleAre you saying the current CEO is a dud, knowing only how to
safe guard a barn of animal feed ?
Friend, if you have a vault full of gold ingots, who would you
rather give the key to? simple example: I am the sole signatory
of the company's cheques for past 10 years....the other directors
and shareholders have full trust nothing would go amiss...not
even $1.....they can sleep easy.
Post by Bald eagleIf she is a dud, than she should be fired immediately and
the government has to explain why she ( a dud) was appointed.
I would vote she stays where she is, I'd rather have her guarding
the barn than any glamorous, jet-set, big boobs female CEO that I
cannot trust. But I hasten to add, she is not doing a fantastic
job, but then all the cows can sleep easy every night knowing she
is there, and she goes home to have dinner with her
husband......that's all we want.....LOL LOL :=)