Global war for talent

There is a big conference in Kuala Lumpur to extol the importance of chasing after global talents. This craze for global talents started initially in the banking and finance industry where the crooks went around the world cheating and selling fraudulent products to make huge profits for themselves, and if they made any losses the banks would have to pay for it. Many high net worth people and institutions lost big when the first bubble burst. But the scam continues today as the greed for more easy money by cheating the rich guys who think they are smart enough to make money but did not realize that they were stupid enough to be conned by these global financial talents and losing the money they made themselves.
 
this notion of global talents is spreading into other industries. The hype cannot be stopped as it is painted as the in thing, to compete for that global talents or the organization or country will lose out. It is like keeping up with the Joneses, they bought foreign talents so you too much buy some. They bought a few exotic pets, quickly get some too.
 
How many organizations really need global talents and can benefit from hiring these talents? Take the SMRT as an example, it is a local public transport company. Does it need to hire foreign talents and for what? I think the management is smart enough not to go down that road. There is no need for silly global talents to run a domestic public transport company. In fact you need local talents and local knowledge. I will fall out of my chair if they think it is necessary to put up an angmoh face to front their PR office. So far so good, that the top management are locals.
 
Even for organizations that need to compete in the international market, how many jobs really need to be filled by global talents and can benefit from their knowledge of the international scene?
 
Say for companies that operate internationally, like SIA or PSA, how many foreign talents are needed? Oh, may be the CEO needs an international team to work with him. So? Should the CEO and his top management team be forever filled by global talents? And how are the global talents made and how come global talents are always from overseas and we cannot produce our own global talents? The danger of a foreign CEO and his foreign team of top management is a recipe for disaster and forever dependent on this team. They will be entrenched and cannot be removed. Only silly shareholders will allow such a development to take place, when foreigners took the plum jobs and weed out the locals who would never be able to replace them.
 
Would our civil service and ministries benefit from having more global talents? Seriously I doubt so except to pay through their noses for talents and skills that are not needed but good to have. You want a Greek god to sit at the reception to impress the women? The other part is to deprive good jobs that should go to Sinkies. Why is there not a need to consider global talents for political office? It would be the most stupid thing to do. Only morons will flirt with such a thought and to consider having foreign talents as our national leaders, even if they are given pink ICs at the last minute to claim that they are citizens.
 
There are many GLCs that do not need foreign or global talents when the services and their products are domestic. As for the marketing of townships, do we really need global talents when most of the skills and knowledge were developed by our very own locals?
 
Oh yes, we need foreign talents for sports, for all the trophies and glories. Well, as long as we have all the more to splurge and the daft Sinkies do not protest for throwing good money for fake glories, let it be.
 
We are not what we are today because of flooding the island with foreigners. The present day foreigners are mercenaries that are here to pluck the fruits that our forefathers planted. We were selective in the past in our choice and numbers of foreigners needed. We were not so daft to take in all and sundry, fake and half baked, as our saviours. Who is the daft one?