12/23/2005

chicken...egg...chicken

can the management of a company shortlist and select their own board of directors. then the directors approved everything that the management wants. pay the ceo and whoever anyhow, pay employees 3 or 4 increments in a year, suka suka pay bonuses, any amount to anyone, approved management expenses, even all charges to corporate credit cards to a tune more than their monthly pays? and ceo said everything is approved by board of directors. and no one is at fault and nothing can be recovered? ceo is free, board of directors just walked away. nothing can be done. no crimes, no intent to deceive or cheat. just bad management decision by very able professionals?

6 comments:

Speedwing said...

Hi Redbean,

The whole affair sounds like it is a complete whitewash to me. You must admit it is very difficult at this stage to pin the blame on any single person, the board or even the auditors. Well, I think in the end, Singaporeans would get tired and the ST will stop printing anymore grumbles from the public and as always, in a case like this, everything will be swept under the carpet. I give it another month and all will be back to normal again. At the very most one or two heads will roll and that will be that. I wonder whose head will be on the chopping block? Let me take a guess, the office boy, or the cleaner or maybe the driver?

redbean said...

hi speed,

merry christmas. from the coverage i think they are preparing for a firing squad. the whole world is watching. the people are watching. they cannot run away from this.

it will be interesting if only the cleaners got caught for taking two rolls of toilet papers.


ho ho ho.

Speedwing said...

Hi Redbead, Merry Christmas and a very Happy and Prosperous 2006 to you.

I wait to see how many will stand in fornt of the firing squard. In addition to the cleaner, office boy and the driver, they might just include the typist, and to make it more presentable a scretary or two.

redbean said...

their secretaries very expensive type. i think more than $10k. these are more talented than the admin officers in the admin service. all superscale.

i can see many red faces for this thing to go on for so long without being detected and misled some brilliant people to commit themselves to take sides. making people looked so silly is very bad. where to hide.

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