5/17/2014

Trust the Hongkies to do the right thing



Pardon me for calling them Hongkies, but it is done with no bad intention just like I called myself Sinkie. The Hong Kong govt is not going to let the top management of companies or organizations to get away with mismanagement and irresponsible conduct. They are going to make the senior management of Hong Kong’s MTR to suffer pay cuts for serious service disruptions. This is real business.

The western practice is for top management to share big bonuses when a company makes good profit but nothing happens to the pay of top management if the company flops. At the worst, they will not get their big bonuses but still some bonuses.  It is either 6 months or 24 months! The top management cannot lose or be held responsible for mismanagement. And if they are caught for major failures like the big banks, the banks will pay the fine on behalf of the top management. And the top management can continue to indulge in illegal or criminal activities with impunity. Making losses or mismanagement is a non issue or minor issue that would not hurt their pockets or their appointments.

That is how good life is in the private sector for the top management, privatise profits and socialize losses. Their compensation package is one way, how much they will get no matter how the company performed or how they mismanaged the companies. Familiar? Now the Hongkies are showing how the formula should be redesigned to make top management pay for mismanagement and failures. A word of caution. This cannot be applied in Sin City or all the top talents will run away to other bigger and better companies paying them bigger pay packages.

Compare the two approaches, which is more equitable is obvious. The crooks in top management have had it so good. They keep taking, no responsibility except how much to take, can even violate the law, and mismanagement is nothing to worry about.

This kind of approach to make top management accountable with cuts in their pay is unlikely to be put to practice here. How can?

Kopi Level - Yellow

7 comments:

Anonymous said...

"This kind of approach to make top management accountable with cuts in their pay is unlikely to be put to practice here. How can?"
RB

Then how can the strongest Sinkie opposition not ready to be govt?

If they cannot be govt, then how can they practice the approach of top management accountable with cuts in their pay, u tell me lah?

Anonymous said...

When the opposition is not ready to be govt, not only this approach of top management accountable with cuts in their pay cannot put to practice.

A lot of good things (for Sinkies lah) also cannot put to practice.

Tio bo, u tell me lah?

Anonymous said...

If like that, then SInkies die die must make the opposition ready to be govt lor.

But then how, u tell me lah?

Anonymous said...

No lah, look at it this way.

Under PAP, whether things are good or bad for Sinkies depend on whether they are smart Sinkies or daft Sinkies.

Of course things will be bad for daft Sinkies under PAP lah. In fact things may also be bad under the opposition for daft Sinkies.

So the solution is not so much as to make the opposition ready to be govt, but rather to be a smart Sinkie.

Hope all Sinkies can now see the light at the end of the tunnel.

Anonymous said...

/// They (Hong Kong govt.) are going to make the senior management of Hong Kong’s MTR to suffer pay cuts for serious service disruptions. ///

But Sinkies (60%) will never make PAP suffer election losses for serious national disruptions.

Bravo 60%.
Come. I clap for you.

Matilah_Singapura said...

RB:

>> A word of caution. This cannot be applied in Sin City or all the top talents will run away to other bigger and better companies paying them bigger pay packages.

Not only that. Singapore is the great bastion of crony capitalism. They've learned very quickly from their greatest benefactor: Washington, USA. The elite shall be protected at all costs.

Hong Kong has proved itself time and again that it is far more "free market" than Singapore. In a free market, you bear the brunt of your own mistakes. You also get to enjoy the profits you make.

Thus HK transport managers are far more incentivised / motivated to "do the right thing". If they perform well: no trouble, and they enjoy the fruits of their good management practices. If they screw up: they're responsible and bear the cost themselves.

HK rules over Singapore for INDIVIDUAL ENTERPRISE. The old Cantonese saying "mo tuck ting" is the engine of persistence to succeed. If you are successful in business, you are respected and looked up as a "role model".

In Singapore if you are successful, the fucking dirty bastards in the govt. will form a corporation to either compete with you or "coerce you" to sell your company/ idea to them...or they will just fucking STEAL it.

Got unaccountable crony capitalism?

Anonymous said...

Who messed up the MRT and was handsomely rewarded?