There is a big battle between Asian Assholes and East European Professor in Chip Bee Estate. The trouble started when the professor had parties one too often and making too much noise to irritate her Asian neighbour. So the latter reported to the police and even recorded their jokes and adulterated conversations with phrases like Asian Assholes.
The professor has now made an apology for the noise and disturbance. Not sure if she has apologized over the asshole remark. I think there is no need to over react. Asians have always been assholes to the Westerners and love every bit of it. They love all the names the Westerners have been calling them right in their faces or behind their back. So this apology, if there is, for calling Asian Assholes is unwarranted. It is a fact.
Just get together and have a few orgies and be friends. The Assholes just love to be screwed by Westerners. Come on Assholes, be gracious lah. This is not the first time or the last time Asians will be called Assholes or more fanciful and endearing terms.
1/13/2012
Protect our ministers
Don’t give me that puzzled look can? I was thinking of another title, ‘The temptation of Jesus Christ’, but that may be too religious an approach. There are many reasons why Sinkies need to stand up to protect the ministers. And there are many known and good reasons to do so. We were told that they are the crème ala crème of the super talents on this piece of rock. This must be a good enough reason for many Sinkies. Many also believe that they are the best people to run this country. Without them, the economy is going to go downhill, prices of properties will collapse, many would become foreign workers. There will be a flight of capital and investments and we will slide back to the Third World. Our reserves and CPF savings will become banana currency. We don’t want that to happen.
There is a more basic reason to want to protect the ministers. The most fundamental assumption of the Ministerial Salary Review Committee is that the ministers are also humans. This rude revelation is a big departure from the assumption that they are immortals. Good that the Committee set this record straight for once. This assumption is also similar to the fear that they will succumb to temptation to be corrupt. Looking at them as humans, understanding the weaknesses of human weaknesses is half the battle won. There is no need to pretend that they are immortals and above the weaknesses of human beans. As humans they are subject to the same temptations of the flesh, of greed, of corruption, and the endless desires and wants.
This is what I mean when I say we need to protect the ministers as they are human beans too. Monday, Parliament is going to debate the salary recommendations of the Review Committee. And it is likely that they are going to vote for or against it. With 81 MPs and the Whip in force, the recommendations will be passed. This is bad. The recommendations are full of treacherous loopholes and traps that will compromise and bring down the good ministers.
I hope that they will be wise enough to look for a clean and simple package that will protect them from the temptations of man, of being human. I hope they will come out with a simple recommendation, a new recommendation that will remove all the loopholes and trappings that will lead the ministers to their downfall. It is unfair to design a system that is flawed and inviting the beneficiaries to think crooked. The new recommendations on the table are not much different from the current package, with many variables and flexibilities and loopholes for wrongdoings. If the ministers are put in a situation where they can be selective in what they are doing, say by doing this or that they could improve their bonuses etc, being human and weak, they could be lured into those erroneous paths.
There is no need to throw away the whole recommendations in toto. The recommendations have provided a decent framework as to how much the ministers can hope to get as their salary. Just compute them into simple numbers like $1.1m which is the base and $10m which is the maximum. With these two extremes, add a couple of options like $3m and $5m. Remove all the other variables and measurement criteria. Just put the four numbers to vote and let them be the salary of the ministers.
Once this is done, the ministers will be released from all the distraction of money, money will no longer be their daily preoccupation. An added precaution is that there shall be no other incomes by virtue of other appointments or duties. They can take on whatever duties or appointments if they so desired, but no more money, not even a token allowance. No more creative appointments as well. This will then be the simplest and cleanest and most transparent package for the ministers, and to protect them from themselves, to free them from temptations, and from thinking crooked. I want to say no crooked bridges as well, but that would be too complex to deal with.
May the main task of Parliament next week be towards a revised and simple salary package for the ministers. This is the best that everyone can hope for, for country, for the ministers and for the people. The police or uniformed personnel can do whatever to protect the ministers, but the most difficult task is for the ministers to protect from themselves. The people need to do their part to assist the ministers by proposing a simple compensation package that is free from mischief and temptation. This is a responsible thing to do. It is a simple task but very daunting. And it would need very brave and righteous ministers to agree with such a proposal. Just tell them it is for their own good and their own protection. Think they will understand the simple logic behind the proposal and assumption.
May God bless them and give them wisdom in this very difficult moment of their lives. Boon Wan is the best person to help to enlighten the rest of the ministers, to see light in times of darkness.
There is a more basic reason to want to protect the ministers. The most fundamental assumption of the Ministerial Salary Review Committee is that the ministers are also humans. This rude revelation is a big departure from the assumption that they are immortals. Good that the Committee set this record straight for once. This assumption is also similar to the fear that they will succumb to temptation to be corrupt. Looking at them as humans, understanding the weaknesses of human weaknesses is half the battle won. There is no need to pretend that they are immortals and above the weaknesses of human beans. As humans they are subject to the same temptations of the flesh, of greed, of corruption, and the endless desires and wants.
This is what I mean when I say we need to protect the ministers as they are human beans too. Monday, Parliament is going to debate the salary recommendations of the Review Committee. And it is likely that they are going to vote for or against it. With 81 MPs and the Whip in force, the recommendations will be passed. This is bad. The recommendations are full of treacherous loopholes and traps that will compromise and bring down the good ministers.
I hope that they will be wise enough to look for a clean and simple package that will protect them from the temptations of man, of being human. I hope they will come out with a simple recommendation, a new recommendation that will remove all the loopholes and trappings that will lead the ministers to their downfall. It is unfair to design a system that is flawed and inviting the beneficiaries to think crooked. The new recommendations on the table are not much different from the current package, with many variables and flexibilities and loopholes for wrongdoings. If the ministers are put in a situation where they can be selective in what they are doing, say by doing this or that they could improve their bonuses etc, being human and weak, they could be lured into those erroneous paths.
There is no need to throw away the whole recommendations in toto. The recommendations have provided a decent framework as to how much the ministers can hope to get as their salary. Just compute them into simple numbers like $1.1m which is the base and $10m which is the maximum. With these two extremes, add a couple of options like $3m and $5m. Remove all the other variables and measurement criteria. Just put the four numbers to vote and let them be the salary of the ministers.
Once this is done, the ministers will be released from all the distraction of money, money will no longer be their daily preoccupation. An added precaution is that there shall be no other incomes by virtue of other appointments or duties. They can take on whatever duties or appointments if they so desired, but no more money, not even a token allowance. No more creative appointments as well. This will then be the simplest and cleanest and most transparent package for the ministers, and to protect them from themselves, to free them from temptations, and from thinking crooked. I want to say no crooked bridges as well, but that would be too complex to deal with.
May the main task of Parliament next week be towards a revised and simple salary package for the ministers. This is the best that everyone can hope for, for country, for the ministers and for the people. The police or uniformed personnel can do whatever to protect the ministers, but the most difficult task is for the ministers to protect from themselves. The people need to do their part to assist the ministers by proposing a simple compensation package that is free from mischief and temptation. This is a responsible thing to do. It is a simple task but very daunting. And it would need very brave and righteous ministers to agree with such a proposal. Just tell them it is for their own good and their own protection. Think they will understand the simple logic behind the proposal and assumption.
May God bless them and give them wisdom in this very difficult moment of their lives. Boon Wan is the best person to help to enlighten the rest of the ministers, to see light in times of darkness.
1/12/2012
Hong Kong Traders Plan Lunch-Break Protest
Bloomberg
By Kana Nishizawa and Marco Lui - Jan 12, 2012
Securities traders and restaurant staff will protest outside the Hong Kong stock exchange offices today over the bourse’s plan to reduce its lunchtime trading break.
As many as 1,000 protesters will gather at the Statue Square in the city’s central business district at 4:45 p.m. and walk to the headquarters of Hong Kong Exchanges & Clearing Ltd. at the Exchange Square, said Patrick Lam, chairman of the Hong Kong Securities & Futures Employees Union and organizer of the demonstration.
Hong Kong Exchanges Chief Executive Officer Charles Li plans to cut the lunch break from March 5 to one hour from 90 minute, following a reduction last year from two hours, the longest of the world’s 20 largest bourses. Brokers use the lunch break to communicate with clients and improve businesses, and one hour is not enough, Lam said by telephone today. Restaurants in the city’s central district would be losing business as well, he said.
“I think it’s ridiculous,” said Francis Lun, managing director at Lyncean Holdings Ltd., who may join the protest. “After the morning trading, traders have to spend about 15 minutes to match all the trades, so it really gives you no time for lunch at all. I hope we can throw garbage on the head of Mr. Charles Li for not listening to public opinion.”....
The SGX has since cut off lunch break to be in line with the stupid Americans for the same quoted reason that it will increase the volume of transactions. Where is the evidence? Where is the increase? There is only decrease in volume. In fact the volume of trades does not even justify opening the exchange for more than 2 hours. Now that this sad state of affair has been proven, let’s not deceive ourselves that volume will increase with continuous trading.
What is the point of opening non stop when there are hardly any trades being done? Or is it that it got something to do with switching on and off of high speed computers? There is no reason for continuous trading unless the volume justifies it. Until then, it is only reasonable to revert to the one and the half hour lunch break.
By Kana Nishizawa and Marco Lui - Jan 12, 2012
Securities traders and restaurant staff will protest outside the Hong Kong stock exchange offices today over the bourse’s plan to reduce its lunchtime trading break.
As many as 1,000 protesters will gather at the Statue Square in the city’s central business district at 4:45 p.m. and walk to the headquarters of Hong Kong Exchanges & Clearing Ltd. at the Exchange Square, said Patrick Lam, chairman of the Hong Kong Securities & Futures Employees Union and organizer of the demonstration.
Hong Kong Exchanges Chief Executive Officer Charles Li plans to cut the lunch break from March 5 to one hour from 90 minute, following a reduction last year from two hours, the longest of the world’s 20 largest bourses. Brokers use the lunch break to communicate with clients and improve businesses, and one hour is not enough, Lam said by telephone today. Restaurants in the city’s central district would be losing business as well, he said.
“I think it’s ridiculous,” said Francis Lun, managing director at Lyncean Holdings Ltd., who may join the protest. “After the morning trading, traders have to spend about 15 minutes to match all the trades, so it really gives you no time for lunch at all. I hope we can throw garbage on the head of Mr. Charles Li for not listening to public opinion.”....
The SGX has since cut off lunch break to be in line with the stupid Americans for the same quoted reason that it will increase the volume of transactions. Where is the evidence? Where is the increase? There is only decrease in volume. In fact the volume of trades does not even justify opening the exchange for more than 2 hours. Now that this sad state of affair has been proven, let’s not deceive ourselves that volume will increase with continuous trading.
What is the point of opening non stop when there are hardly any trades being done? Or is it that it got something to do with switching on and off of high speed computers? There is no reason for continuous trading unless the volume justifies it. Until then, it is only reasonable to revert to the one and the half hour lunch break.
The more you read the more tulan
More and more cases of PRs and new citizens benefitting from the housing policies or taking advantage of them are being reported in cyberspace. And to think that they did not have to do NS and could get a public flat so easily while so many Sinkies are not even eligible for some cock reasons, singles, income too high etc etc, makes the blood boils. How can policies be formulated that put Sinkies at a disadvantage over PRs and new citizens?
The people that fall victims to such policies have all the rights to be fuming mad. They are the sons of the land, oops, a piece of rock, and having live here all their lives, doing NS to defend this piece of rock, and could not buy a roof over their heads while new citizens going around merrily getting them, subletting them, or selling them at good profits only to abandon this place and return home.
The Sinkies deserve the govt they get. I am sure many Sinkies are damn tulan over this. Own citizens, born and bred here, lost out to PRs and new citizens. And best of the bestest, they will vote for those who made the policies to their detriment.
The people that fall victims to such policies have all the rights to be fuming mad. They are the sons of the land, oops, a piece of rock, and having live here all their lives, doing NS to defend this piece of rock, and could not buy a roof over their heads while new citizens going around merrily getting them, subletting them, or selling them at good profits only to abandon this place and return home.
The Sinkies deserve the govt they get. I am sure many Sinkies are damn tulan over this. Own citizens, born and bred here, lost out to PRs and new citizens. And best of the bestest, they will vote for those who made the policies to their detriment.
Ministerial salary debate in Parliament
The recommendations of the Salary Review Committee will be debated on Monday 16 Jan in Parliament. It will be PAP versus others, between those going to vote for the recommendations and those against it. It will not be a debate on conscience, not about morality or decency, but a debate on policy.
Yes, Gan Kim Yong said the whip will not be lifted. This means that the PAP MPs must toe the line, and vote for the new salary. They have no choice, they cannot vote against it. But would they stand up and speak against it? No, it is a PAP policy and they must be disciplined, cannot break rank, it is us against them. Those who believe that PAP MPs can speak to oppose PAP policies, this sitting will tell them rudely that they can forget it in important issues like this one.
The stage is set for a bi partisan debate, with PAP for and others against the recommendation. It will be 6 against 81. And the vote is final and the recommendations will be approved. The bill is passed, or as good as passed even before Parliament sits. This is democracy, the rule of the majority…in Parliament.
Yes, Gan Kim Yong said the whip will not be lifted. This means that the PAP MPs must toe the line, and vote for the new salary. They have no choice, they cannot vote against it. But would they stand up and speak against it? No, it is a PAP policy and they must be disciplined, cannot break rank, it is us against them. Those who believe that PAP MPs can speak to oppose PAP policies, this sitting will tell them rudely that they can forget it in important issues like this one.
The stage is set for a bi partisan debate, with PAP for and others against the recommendation. It will be 6 against 81. And the vote is final and the recommendations will be approved. The bill is passed, or as good as passed even before Parliament sits. This is democracy, the rule of the majority…in Parliament.
MRT jams - Another expert recommendation
I heard that some experts are recommending that SMRT provide incentives in the form of monetary rewards to commuters to take the trains outside the peak hours. I think this is a very ingenious suggestion. How come no super talent can think of such a brilliant idea?
I am seriously considering doing that now and see how much money is SMRT going to incentivize me. Okay, my office starts work at 9 am. Now if I were to take the 7am train, I could miss the peak hours and get some money back from SMRT. If one way is 20c, two ways will be 40c daily. For 22 days, that will be a saving of $8.80 a month. Whoa, one year nearly $100! Not bad at all.
Now what am I going to do arriving at the office one hour earlier? One day two hours, one hour earlier to arrive and one hour later to leave, that is 44 hours a month or 500 over hours that I need to stay in the office.
Is it worth it for the $100 savings? Of course lah. Can spend more time doing own things or have more time to do office work. The bosses will be happy and may get higher variable bonuses some more. That means the monetary reward is more than $100 a year.
Ok, SMRT, please quickly implement this money reward schemes and reduce the jams during peak hours. It is definitely a win win win situation. I win, SMRT wins and my company also wins.
Simply brilliant.
I am seriously considering doing that now and see how much money is SMRT going to incentivize me. Okay, my office starts work at 9 am. Now if I were to take the 7am train, I could miss the peak hours and get some money back from SMRT. If one way is 20c, two ways will be 40c daily. For 22 days, that will be a saving of $8.80 a month. Whoa, one year nearly $100! Not bad at all.
Now what am I going to do arriving at the office one hour earlier? One day two hours, one hour earlier to arrive and one hour later to leave, that is 44 hours a month or 500 over hours that I need to stay in the office.
Is it worth it for the $100 savings? Of course lah. Can spend more time doing own things or have more time to do office work. The bosses will be happy and may get higher variable bonuses some more. That means the monetary reward is more than $100 a year.
Ok, SMRT, please quickly implement this money reward schemes and reduce the jams during peak hours. It is definitely a win win win situation. I win, SMRT wins and my company also wins.
Simply brilliant.
Truly an island with no talent
When they want to find a nice name for Marina Bay, they sought the expertise of foreign consultants who advised them, after collecting $400k, to call it Marina Bay.
Today we have this MRT problem, a system that we have been operating for 30 years and looking like falling into pieces. And who else to look for expert advice when there is none locally? Call for foreign experts lah. Just pay only what. I can’t believe that after 30 years we have no talent good enough to look into the problem which is not let a failure of a rocket to the moon.
And when ponding became a problem, and as usual, there are no local talent that are really good at it, call for foreign talents. After six months of studies by a panel of 12 experts, some local and some foreign, a list of ingenious solutions that our locals would never imagine have been tabled. Roof gardens, roof ponds, porous roads, collecting water by every building, delaying the flow of water, raising barriers, increasing thresholds of buildings, and some enormous infrastructure changes were proposed. Yes, foreign talents are where all the solutions coming from. 6 months of studies with 12 experts cannot be for free.
If only I have a string of engineering degrees I will recommend them to put a bubble roof over the whole of Orchard Road. Not only it would reduce the rain water over the area, the roof must cover a big enough area, it would also be useful to control the climate under the bubble. You want wind you can have wind. You want snow you can have snow. Definitely a great attraction that would improve the attractiveness of Orchard Road. And if solar cells are used, all the improvements and inventions on solar energy can be incorporated. Great stuff, really.
Maybe we can wait for another panel of foreign talents to recommend this. Put a bubble over Orchard Road.
What is the point of paying all the super talented salary for super talents when every little problem there will be a big scramble for foreign talents who were mostly paid half of what our supertalents are being paid?
There is no need for 5 specialists when one gets pile in the arse. And definitely no need to seek reassurance and a second opinion from a foreign pile specialist. Of course when one has all the money to throw, or hoping that if the recommendation is not good enough, then we can point the finger at the foreign specialist, a foreign specialist will come in useful. Or since the foreign specialist cannot solve it, no local talent can. Safe.
Today we have this MRT problem, a system that we have been operating for 30 years and looking like falling into pieces. And who else to look for expert advice when there is none locally? Call for foreign experts lah. Just pay only what. I can’t believe that after 30 years we have no talent good enough to look into the problem which is not let a failure of a rocket to the moon.
And when ponding became a problem, and as usual, there are no local talent that are really good at it, call for foreign talents. After six months of studies by a panel of 12 experts, some local and some foreign, a list of ingenious solutions that our locals would never imagine have been tabled. Roof gardens, roof ponds, porous roads, collecting water by every building, delaying the flow of water, raising barriers, increasing thresholds of buildings, and some enormous infrastructure changes were proposed. Yes, foreign talents are where all the solutions coming from. 6 months of studies with 12 experts cannot be for free.
If only I have a string of engineering degrees I will recommend them to put a bubble roof over the whole of Orchard Road. Not only it would reduce the rain water over the area, the roof must cover a big enough area, it would also be useful to control the climate under the bubble. You want wind you can have wind. You want snow you can have snow. Definitely a great attraction that would improve the attractiveness of Orchard Road. And if solar cells are used, all the improvements and inventions on solar energy can be incorporated. Great stuff, really.
Maybe we can wait for another panel of foreign talents to recommend this. Put a bubble over Orchard Road.
What is the point of paying all the super talented salary for super talents when every little problem there will be a big scramble for foreign talents who were mostly paid half of what our supertalents are being paid?
There is no need for 5 specialists when one gets pile in the arse. And definitely no need to seek reassurance and a second opinion from a foreign pile specialist. Of course when one has all the money to throw, or hoping that if the recommendation is not good enough, then we can point the finger at the foreign specialist, a foreign specialist will come in useful. Or since the foreign specialist cannot solve it, no local talent can. Safe.
1/11/2012
Putting money in the wrong place
China has woken up to its folly of investing its money in American stocks. The last decade had seen China losing billions in pouring money into American stocks while neglecting its own stock market. Instead of making money, it burnt a big hole for its blind belief and adolation of Wall Street and the great American financial con game. While doing it, it also in a way allowed the hollowing of its own stock market and the value of Chinese stocks in Shanghai and Hongkong.
Now that it has learnt its lesson well, that Wall Street is another rotten apple and a bottomless pit, China is turning its interest back home. It is going to invest in its own market and stocks. China is also encouraging its pension funds and other financial institutions to boost its own stock markets.
The stupidity of Asians and their blind infatuation of everything American are turning full circle. The Chinese have learnt well and no longer behaving like little boys and girls pouring money into American stocks and assets. They rather put money to support their own markets and not look so stupid to the Americans.
The Chinese are now taking the lead to return to Asian. They used to believe and were misled by dumb American believers.
The Chinese stock markets can look forward to more Chinese funds supporting their own stocks.
Would Temasek and GIC now learn from China and cut their losses in America and Europe and bring back their foreign invested funds to support the local market and local stocks? Or would they continue in their blind belief that the American and European markets are the safest and most promising place to invest while hollowing out the local markets and abandoning local stocks?
Now that it has learnt its lesson well, that Wall Street is another rotten apple and a bottomless pit, China is turning its interest back home. It is going to invest in its own market and stocks. China is also encouraging its pension funds and other financial institutions to boost its own stock markets.
The stupidity of Asians and their blind infatuation of everything American are turning full circle. The Chinese have learnt well and no longer behaving like little boys and girls pouring money into American stocks and assets. They rather put money to support their own markets and not look so stupid to the Americans.
The Chinese are now taking the lead to return to Asian. They used to believe and were misled by dumb American believers.
The Chinese stock markets can look forward to more Chinese funds supporting their own stocks.
Would Temasek and GIC now learn from China and cut their losses in America and Europe and bring back their foreign invested funds to support the local market and local stocks? Or would they continue in their blind belief that the American and European markets are the safest and most promising place to invest while hollowing out the local markets and abandoning local stocks?
Dump the KPIs/bonuses for ministers
You cannot run a country on greed or money. If what is good for the country is all about greed and money, then you will have to face policies that are greed or money driven.
A country is about the well being of its people, not about the well being of a few rich men or women, not about the superb infrastructure, not about GDP growth, if they don’t benefit the people.
To connect the performance of political leaders to KPIs is controversial. To link them to GDP is dangerous. We have seen an economic wonder in year 2010 when our GDP out performed China and India. It must be another world record for Guinness, 15% GDP growth! No bluff. If there is no linkage of GDP with minister’s performance, we may not be near that number by a mile. It was a miracle that is like once in 50 years event. Make that 100 years.
And nothing can be more terrible than to link minister’s pay with GDP as KPIs. We know how numbers can work wonders with a little jigging by the statisticians. No need to explain. Even Ali, Ah Eng and Amir can do it to look good, and betterer if their pays are tied to it.
How could dumbass experts tie the performance of a country to just economic numbers? The well being of the people, cost of living, happiness, general health, quality of life, freedom of expression, a good life, to live and enjoy life instead of working to death, living in bigger and better housing, no need to fear a runaway property price and unable to buy decent roofs over their heads, good jobs, to be able to spend their hard earned money, etc etc are all important factors that must be taken together as a whole. Running a country is not just about how much more profit. It is everything, about a good or better life.
Dump the KPIs. And never link minister performance with profits. The National Development Minister must have gotten 24 or 27.5 months of bonus for increasing the revenue of HDB and its profits if his KPIs were about revenue and profits. But what about the consequences and the well being of the people, the pain, the angst and the money being emptied from their savings, forced to buy ever higher property prices in the public and private sector. And force to wait 4 or 5 years to get their flats? Are they really good for the people?
National leadership is not just about making money and raising GDP numbers. It is about people, and no, not just people, it is about the citizens, the interests and welfare of the citizens. Once these objectives are being distorted by money and greed, the people will only be aroused, I mean anger and discontent of the people.
Spare the effort and wasteful time and resources to measure performances of ministers by themselves. The simple and more important and relevant way is to evaluate them by the people through the ballot box. The citizens may be daft but not dumb and know what is a good govt and what is a bad govt. They have exercised their little intelligence for the past 4 decades for their own good by voting for good govt. How can anyone dismiss the people as stupid and do not know how to judge if the govt is good or bad?
Let the people decide whether a govt deserves to be reelected. Period. Dump the KPIs. Running a country is a long term enterprise, not short term results measurable annually.
A country is about the well being of its people, not about the well being of a few rich men or women, not about the superb infrastructure, not about GDP growth, if they don’t benefit the people.
To connect the performance of political leaders to KPIs is controversial. To link them to GDP is dangerous. We have seen an economic wonder in year 2010 when our GDP out performed China and India. It must be another world record for Guinness, 15% GDP growth! No bluff. If there is no linkage of GDP with minister’s performance, we may not be near that number by a mile. It was a miracle that is like once in 50 years event. Make that 100 years.
And nothing can be more terrible than to link minister’s pay with GDP as KPIs. We know how numbers can work wonders with a little jigging by the statisticians. No need to explain. Even Ali, Ah Eng and Amir can do it to look good, and betterer if their pays are tied to it.
How could dumbass experts tie the performance of a country to just economic numbers? The well being of the people, cost of living, happiness, general health, quality of life, freedom of expression, a good life, to live and enjoy life instead of working to death, living in bigger and better housing, no need to fear a runaway property price and unable to buy decent roofs over their heads, good jobs, to be able to spend their hard earned money, etc etc are all important factors that must be taken together as a whole. Running a country is not just about how much more profit. It is everything, about a good or better life.
Dump the KPIs. And never link minister performance with profits. The National Development Minister must have gotten 24 or 27.5 months of bonus for increasing the revenue of HDB and its profits if his KPIs were about revenue and profits. But what about the consequences and the well being of the people, the pain, the angst and the money being emptied from their savings, forced to buy ever higher property prices in the public and private sector. And force to wait 4 or 5 years to get their flats? Are they really good for the people?
National leadership is not just about making money and raising GDP numbers. It is about people, and no, not just people, it is about the citizens, the interests and welfare of the citizens. Once these objectives are being distorted by money and greed, the people will only be aroused, I mean anger and discontent of the people.
Spare the effort and wasteful time and resources to measure performances of ministers by themselves. The simple and more important and relevant way is to evaluate them by the people through the ballot box. The citizens may be daft but not dumb and know what is a good govt and what is a bad govt. They have exercised their little intelligence for the past 4 decades for their own good by voting for good govt. How can anyone dismiss the people as stupid and do not know how to judge if the govt is good or bad?
Let the people decide whether a govt deserves to be reelected. Period. Dump the KPIs. Running a country is a long term enterprise, not short term results measurable annually.
Solving the ponding problem
I am very impressed by the credentials of all the top drainage experts in town and their fanciful solutions to the ponding problems in Orchard Road. I think they will work, if not, just at a few more measures as things go along. It just costs a little more money that’s all.
I am no expert in any of these stuff, drainage, catchment area, water flow, rate of flow, porous material, drain capacity, and building ponds on roof tops. Hopefully they don’t burst or the flats do not collapse with the additional weight.
Looking at the big picture, my first layman impression is that the Marina Bay Reservoir has raised the water level in the city catchment area. All the drains and canals are perpetually full, or filled to a much higher level and capacity. As such, any sudden downpour will only raise the water level and add to the water already in the catchment area, canals and drains. And they will overflow very quickly. You don’t need a thunder storm that pour in a year’s rainfall in half an hour. Just get the city folks to pee into the drain and you will get ponding immediately.
Maybe, if they have not done so, try to lower the water level of Marina Bay Reservoir by a meter, if that is feasible, and live with it for a while to see how much more pondings will occur. It is not going to cost any money, or very little money. Just a small experiment before they go along with all the great and fanciful recommendations and infrastructure works which may not work. But they will certainly create a lot of jobs and employment and raise the GDP or National Productivity to a higher level.
This is really a two cent worth comment. Sometimes, when a person is having obese problems, there is no need to go on a specialist circuit to pay for all the expensive tests, advices and treatment when all it needs is a little dieting. Please laugh at it if you want. I am no expert and my credential is that of Emperor of Cyberspace, and my forte is to blog on controversies.
I am no expert in any of these stuff, drainage, catchment area, water flow, rate of flow, porous material, drain capacity, and building ponds on roof tops. Hopefully they don’t burst or the flats do not collapse with the additional weight.
Looking at the big picture, my first layman impression is that the Marina Bay Reservoir has raised the water level in the city catchment area. All the drains and canals are perpetually full, or filled to a much higher level and capacity. As such, any sudden downpour will only raise the water level and add to the water already in the catchment area, canals and drains. And they will overflow very quickly. You don’t need a thunder storm that pour in a year’s rainfall in half an hour. Just get the city folks to pee into the drain and you will get ponding immediately.
Maybe, if they have not done so, try to lower the water level of Marina Bay Reservoir by a meter, if that is feasible, and live with it for a while to see how much more pondings will occur. It is not going to cost any money, or very little money. Just a small experiment before they go along with all the great and fanciful recommendations and infrastructure works which may not work. But they will certainly create a lot of jobs and employment and raise the GDP or National Productivity to a higher level.
This is really a two cent worth comment. Sometimes, when a person is having obese problems, there is no need to go on a specialist circuit to pay for all the expensive tests, advices and treatment when all it needs is a little dieting. Please laugh at it if you want. I am no expert and my credential is that of Emperor of Cyberspace, and my forte is to blog on controversies.
How much political leadership?
I ask how much, not what is political leadership. And I say political leadership, not administrators or civil servants. Political leadership, is priceless, I mean the good ones, the really good ones, not those gold plated stuff.
Leading a country needs leaders, to motivate the people, to challenge the people, to lead the people. The reverse, to demotivate the people, to tell them there is no hope, to look for better people elsewhere, now that is a different kind of leadership not in the text book on leadership yet.
Good political leaders are found to be everywhere, especially when there is a problem, a crisis. They may not do much. But they talk and they lead. And when they talk, people listen. People will make appointments with them when they will be appearing on TV, to make time to listen to them. Aspiring political leaders that cannot talk, or are dumb, should just remain as civil servants or administrators.
When people do not bother to listen when a political leader talks, he is finished. He has lost his leadership, or there was no leadership in the first place. There is even a lower category, I won’t call it leadership, when people try to listen but not for wisdom but for entertainment, to have a good laugh. That is tough to be called a leader.
How much is political leadership? Yes priceless. But a good political leader does not thrive for money and or constantly ask for money. They are in a way a bit silly, idealistic and selfless in a sense. It is a calling, a mission, to lead a people and a country for the good of everyone. His reward is his work and recognition that he is a good and respectable man, a good leader.
Do not let greedy people and pigs who are used to swim in a pond of swill to tell you political leaders need to be fed like pigs, to grow as fat as pigs. They are of the same kind, the same thing, out to defend their kind. We have better people that will make better leaders if the system allows them to step forward to serve without a plate of gold.
Leading a country needs leaders, to motivate the people, to challenge the people, to lead the people. The reverse, to demotivate the people, to tell them there is no hope, to look for better people elsewhere, now that is a different kind of leadership not in the text book on leadership yet.
Good political leaders are found to be everywhere, especially when there is a problem, a crisis. They may not do much. But they talk and they lead. And when they talk, people listen. People will make appointments with them when they will be appearing on TV, to make time to listen to them. Aspiring political leaders that cannot talk, or are dumb, should just remain as civil servants or administrators.
When people do not bother to listen when a political leader talks, he is finished. He has lost his leadership, or there was no leadership in the first place. There is even a lower category, I won’t call it leadership, when people try to listen but not for wisdom but for entertainment, to have a good laugh. That is tough to be called a leader.
How much is political leadership? Yes priceless. But a good political leader does not thrive for money and or constantly ask for money. They are in a way a bit silly, idealistic and selfless in a sense. It is a calling, a mission, to lead a people and a country for the good of everyone. His reward is his work and recognition that he is a good and respectable man, a good leader.
Do not let greedy people and pigs who are used to swim in a pond of swill to tell you political leaders need to be fed like pigs, to grow as fat as pigs. They are of the same kind, the same thing, out to defend their kind. We have better people that will make better leaders if the system allows them to step forward to serve without a plate of gold.
1/10/2012
Ministerial Salary Review - Time to ask the minister
How much do you want? As the salary or money issue continues to engage the daft Sinkies, I would suggest that they get real. Throw away all the fictitious and fallacious assumptions and formulas. There is no right or wrong answer. What is right to the ministers may not be right to the people and vice versa. What is right to one minister may be wrong to another.
Let’s just ask them how much they want and spare everyone from ridiculing themselves and their credibility with all kinds of rubbish proposals. It is a very destructive exercise. It destroys respectabilty and dignity when people came up with packages that are just good for a laugh. I would suggest the ministers themselves come out with 3 options, be it $3m, $5m, or $10m (no more complicated formulas or bonuses) and let the people, the small shareholders of this piece of rock, to vote for it. Oh, include another option for ‘Sorry, reject’. No need for more deceptions, pretensions and contrived logics to be morally correct, righteous, upright, need to pay talent or attract talent, need to prevent corruption, etc etc. No need any explanation or excuses. No bull shits, no high falutins.
Just simply say how much and vote. Better to put up during a GE and save one more voting process. Let’s not waste any more time and effort on something that nobody has a good or acceptable answer. I think it will be more dignified to tell the world that the people approved the salary and voted for it, instead of all the goose pimple explanations that people would only snigger in the toilets and became the butt of silly jokes in cocktail parties.
Let’s just ask them how much they want and spare everyone from ridiculing themselves and their credibility with all kinds of rubbish proposals. It is a very destructive exercise. It destroys respectabilty and dignity when people came up with packages that are just good for a laugh. I would suggest the ministers themselves come out with 3 options, be it $3m, $5m, or $10m (no more complicated formulas or bonuses) and let the people, the small shareholders of this piece of rock, to vote for it. Oh, include another option for ‘Sorry, reject’. No need for more deceptions, pretensions and contrived logics to be morally correct, righteous, upright, need to pay talent or attract talent, need to prevent corruption, etc etc. No need any explanation or excuses. No bull shits, no high falutins.
Just simply say how much and vote. Better to put up during a GE and save one more voting process. Let’s not waste any more time and effort on something that nobody has a good or acceptable answer. I think it will be more dignified to tell the world that the people approved the salary and voted for it, instead of all the goose pimple explanations that people would only snigger in the toilets and became the butt of silly jokes in cocktail parties.
The blessing of SMRT breakdowns
In every dark cloud there is a silver lining. And the SMRT fiasco is no exception. Many good things came out from it. Never did the authority know that there were so many faults and maintenance issues that need to be rectified and put right. Didn’t the authority know that there are so many emergency procedures that were put to a real test and found wanting. It was all a big lapse.
Nevermind, it is better that it happened in a case like this than a real and nasty one and caught everyone with his pants down. We were given time, grace, to put things right. The only thing we do not want it to happen again is that another incident blows up and a spate of committees and inquiry boards are formed again to find out what went wrong and how to put them right again. Let this be the early warning, a concession given, an opportunity to clear the road blocks and put things in order.
A pleasant point to note after listening to Tuck Yew’s speech in Parliament is that our train cabins are built like a space capsule, insulated. Commuters are safe inside if there is poison gas attack from the outside. The capsule is sealed and the poison gas would not get in. I think the ventilation must also be circulating air that is in the cabin and not from the outside.
As to the suggestion by Yaw Shin Leong to consider having ventilation windows that could be opened by the commuters during an emergency is a questionable thing. Commuters who are suffocating inside a train cabin could be tempted to open the vent without knowing that there were toxic and poisonous gas outside.
This train capsule is an added protection for the commuters. Now I know how safe I am when taking the train.
Nevermind, it is better that it happened in a case like this than a real and nasty one and caught everyone with his pants down. We were given time, grace, to put things right. The only thing we do not want it to happen again is that another incident blows up and a spate of committees and inquiry boards are formed again to find out what went wrong and how to put them right again. Let this be the early warning, a concession given, an opportunity to clear the road blocks and put things in order.
A pleasant point to note after listening to Tuck Yew’s speech in Parliament is that our train cabins are built like a space capsule, insulated. Commuters are safe inside if there is poison gas attack from the outside. The capsule is sealed and the poison gas would not get in. I think the ventilation must also be circulating air that is in the cabin and not from the outside.
As to the suggestion by Yaw Shin Leong to consider having ventilation windows that could be opened by the commuters during an emergency is a questionable thing. Commuters who are suffocating inside a train cabin could be tempted to open the vent without knowing that there were toxic and poisonous gas outside.
This train capsule is an added protection for the commuters. Now I know how safe I am when taking the train.
The unfairest cut of a clean wage bill
The debate on the world’s highest ministerial salary continues. What is unfortunate is that all the nitwits are stretching their discussions to both ends of the extremes, that we should not pay our ministers out of this world salary or pay them to be paupers. When one starts to argue on the premises of extremes, the argument becomes silly and so do the nitwits. None is trying to ask the simple question of what is enough and decent for the ministers.
After reading all the comments I have come to the conclusion that the ministerial salary is fair and not out of this world. It cannot be as it is a reality within this world.
The favourite comparison is the President of the US and his pittance salary. But his overall income is unclean, a lot of hidden perks especially a White House to stay. Never mind if he would to be booted out in the next election. Then his Air Force One. Never mind if America is a continent. Never mind if Air Force One is a command post and not a Ferrari to drive around to eat wind over the weekend. And yes, we are a piece of rock. That is exactly the reason why we should pay our politicians that kind of not out of this world salary. It is so difficult to govern a small piece of rock. And Obama has an army of staff to help him to make his job so much easier. He can be a dummy, but the music will be just as good.
In our case, the poor ministers have something like 20 or 30 portfolios to be responsible for. I am exaggerating of course. Nothing of the sort. Now many of you did not know that right? He needed 29.5 hours a day to do those jobs. It is inhuman to subject them to this kind of workload.
There are many things we did not know, even the clean wage. We did not know that they are paid Special Allowance Bonus. And only for a miserable one month bonus for being so special. And how could the Salary Review Committee removed this allowance? This is definitely unfair. The Special Allowance Bonus should be at least 6 months to be special and deserving.
Then there were also 2 months of Leadership Allowance Bonus which none of us know until now. But as ignorant masses, how could we know if we don’t read the Hansard or the media. They must have been reported somewhere as these are official and legally paid. And what is there for the people to know? All ministers are leaders and paying them Leadership Allowance Bonus is as natural as durians on a durian tree. And how could the Review Committee removed this too?
Now whoever put these bonuses into the salary must take it up with the Review Committee and demand that they should be reinstated, including the Special Allowance. And both should be raised to 6 months each. Unless the Review Committee can convince everyone that they are not special and have no leadership. Then it would be fair to remove them.
I could go on with the Performance Bonuses, the GDP Bonuses and whatever bonuses that I did not know. The point is that these are legitimate rewards and all transparent and clean. Why should they be removed? Anything wrong with them? The Review Committee must explain to the people’s satisfaction that they are wrong before they can remove them. They are uniquely Singaporean and a creative and innovative way to pay our ministers. Countries of the world can learn from us. Now they could only be envious of our Guinness Book of Record, not only of paying the top salary in the world but also the best run and corruption free country, with clean salary.
Are we saying that the existing salary is not clean and need to be replaced by a cleaner one? I protest. We have the cleanest salary package for our ministers at a discount, and the poor ministers would now have to suffer the indignity of their salary being questioned and arbitrarily slashed by an average of 36%. This is simply outrageous.
What needs to be cut are the perks of those political leaders that are unclean and hidden, like Air Force One. I think the Americans are starting on this, maybe from 3 Air Force One to only one. And the American President will henceforth travel on roads instead of flying around for fun.
The Ministerial Salary Review Committee has overdone their cuts and embarrassed our ministers. Our minister’s salary is fair, decent and above all clean and transparent. Everyone knows how much they are getting as reported in the media. No hidden or unknown perks.
After reading all the comments I have come to the conclusion that the ministerial salary is fair and not out of this world. It cannot be as it is a reality within this world.
The favourite comparison is the President of the US and his pittance salary. But his overall income is unclean, a lot of hidden perks especially a White House to stay. Never mind if he would to be booted out in the next election. Then his Air Force One. Never mind if America is a continent. Never mind if Air Force One is a command post and not a Ferrari to drive around to eat wind over the weekend. And yes, we are a piece of rock. That is exactly the reason why we should pay our politicians that kind of not out of this world salary. It is so difficult to govern a small piece of rock. And Obama has an army of staff to help him to make his job so much easier. He can be a dummy, but the music will be just as good.
In our case, the poor ministers have something like 20 or 30 portfolios to be responsible for. I am exaggerating of course. Nothing of the sort. Now many of you did not know that right? He needed 29.5 hours a day to do those jobs. It is inhuman to subject them to this kind of workload.
There are many things we did not know, even the clean wage. We did not know that they are paid Special Allowance Bonus. And only for a miserable one month bonus for being so special. And how could the Salary Review Committee removed this allowance? This is definitely unfair. The Special Allowance Bonus should be at least 6 months to be special and deserving.
Then there were also 2 months of Leadership Allowance Bonus which none of us know until now. But as ignorant masses, how could we know if we don’t read the Hansard or the media. They must have been reported somewhere as these are official and legally paid. And what is there for the people to know? All ministers are leaders and paying them Leadership Allowance Bonus is as natural as durians on a durian tree. And how could the Review Committee removed this too?
Now whoever put these bonuses into the salary must take it up with the Review Committee and demand that they should be reinstated, including the Special Allowance. And both should be raised to 6 months each. Unless the Review Committee can convince everyone that they are not special and have no leadership. Then it would be fair to remove them.
I could go on with the Performance Bonuses, the GDP Bonuses and whatever bonuses that I did not know. The point is that these are legitimate rewards and all transparent and clean. Why should they be removed? Anything wrong with them? The Review Committee must explain to the people’s satisfaction that they are wrong before they can remove them. They are uniquely Singaporean and a creative and innovative way to pay our ministers. Countries of the world can learn from us. Now they could only be envious of our Guinness Book of Record, not only of paying the top salary in the world but also the best run and corruption free country, with clean salary.
Are we saying that the existing salary is not clean and need to be replaced by a cleaner one? I protest. We have the cleanest salary package for our ministers at a discount, and the poor ministers would now have to suffer the indignity of their salary being questioned and arbitrarily slashed by an average of 36%. This is simply outrageous.
What needs to be cut are the perks of those political leaders that are unclean and hidden, like Air Force One. I think the Americans are starting on this, maybe from 3 Air Force One to only one. And the American President will henceforth travel on roads instead of flying around for fun.
The Ministerial Salary Review Committee has overdone their cuts and embarrassed our ministers. Our minister’s salary is fair, decent and above all clean and transparent. Everyone knows how much they are getting as reported in the media. No hidden or unknown perks.
1/09/2012
Malaysia entering a new phase of freedom and accommodation
I was curious when the police allowed the rally in support of Anwar at the High Court. It could be a very serious demo if Anwar was found guilty. Now that the truth is out, very likely the verdict was already known and the goodwill for approving the rally was the final touches to a happy ending to a bad saga.
The opposition should appreciate this new openness and freedom they are enjoying under Najib and may they move forward towards a more inclusive society minus the vibes and acrimony of the Mahathir era. They could bury the past and be less combative and abusive towards each other.
Anwar can then go and contest the general election as a new man with a new ethos. Hopefully less of the bad blood will flow this time. What I don’t understand are the few bombs that exploded. Someone is still unhappy and did not want the party to go on. Someone wanted the bitching and fighting to continue, I guess.
The opposition should appreciate this new openness and freedom they are enjoying under Najib and may they move forward towards a more inclusive society minus the vibes and acrimony of the Mahathir era. They could bury the past and be less combative and abusive towards each other.
Anwar can then go and contest the general election as a new man with a new ethos. Hopefully less of the bad blood will flow this time. What I don’t understand are the few bombs that exploded. Someone is still unhappy and did not want the party to go on. Someone wanted the bitching and fighting to continue, I guess.
Yesterday’s mantra, today’s high falutin
How things can change overnight. Many great arguments, uncontested and unchallenged, were elevated to become the daily mantras of Sinkies. Overnight, after a heavy storm, the dull Sinkie minds seem to have brightened after the rain water flooded them. Now they are calling all the mantras high falutins. They don’t believe in any of them anymore.
The first to fall is the high salary for super talent. This brought along the demise of high salary to prevent corruption mantra. This is amazing. As they said, real gold is not afraid of fire. But gold plating is a different thing altogether. How many high mantras are going the high falutin way?
Maybe the Sinkies are going crazy and the old mantras are still valid but the Sinkies could not appreciate how valuable they were.
The first to fall is the high salary for super talent. This brought along the demise of high salary to prevent corruption mantra. This is amazing. As they said, real gold is not afraid of fire. But gold plating is a different thing altogether. How many high mantras are going the high falutin way?
Maybe the Sinkies are going crazy and the old mantras are still valid but the Sinkies could not appreciate how valuable they were.
Welcome to the Third World
Is this what is happening to Singapore? Or is it just a case of a little bad govt for the testing to remind the Sinkies not to pray pray with what they already got?
For nearly 30 years, the train was running quite near to clockwork precision or as good as you can get. Any disruption was minor and not something to be expected. Over the last few weeks, train faults, delays, slow down etc etc were a daily affair and is now expected. A trouble free ride is something that one can count to be lucky to experience.
What the shit is going on? It looks like the whole system has been allowed to decay and finally everything is breaking down, irreparable. Or all the parts have reached their shelf life and either the whole system be replaced or living with a rackety train system is the new normal?
A crisis like this needs a superman to appear at different places at any time to get things done and get going. Are Sinkies ready to live with slow mass rapid transport? I am seeing many are already readjusting their expectation of what a mass rapid transport system is all about, a bit slow, frequent interruptions and delays, long waiting time, and a crowded platform and train whenever there is a disruption.
The slide down to Third World is moving faster by the day.
For nearly 30 years, the train was running quite near to clockwork precision or as good as you can get. Any disruption was minor and not something to be expected. Over the last few weeks, train faults, delays, slow down etc etc were a daily affair and is now expected. A trouble free ride is something that one can count to be lucky to experience.
What the shit is going on? It looks like the whole system has been allowed to decay and finally everything is breaking down, irreparable. Or all the parts have reached their shelf life and either the whole system be replaced or living with a rackety train system is the new normal?
A crisis like this needs a superman to appear at different places at any time to get things done and get going. Are Sinkies ready to live with slow mass rapid transport? I am seeing many are already readjusting their expectation of what a mass rapid transport system is all about, a bit slow, frequent interruptions and delays, long waiting time, and a crowded platform and train whenever there is a disruption.
The slide down to Third World is moving faster by the day.
The new corporate raiders
Soros and his company were once the typical corporate raiders the commercial world was used to. They have been superceded by a new brand of corporate raiders that are running and ruining many corporations to bankruptcies. The new corporate raiders are the senior management of corporations, hired to run the corporations but ended up raiding the corporations.
The lack of accountability and the dilution of ownership of the majority small shareholders who could not cast their votes together to prevent the corporations from be robbed from beneath their noses is happening to all big organisations that are public listed. The new owners are actually the senior management working hand in glove with the board of directors.
With full power and authority in their hands, the two groups pay themselves crazy with all kinds of justifications, through share options, bonuses, golden handshakes, severance pay, and perks. Can’t imagine anyone could contribute so much to earn $100k a month, while some of these turkeys conveniently helped themselves with a million or more a month. Would these turkeys be able to tell how productive they are to earn their keeps? Imagine paying one $10m a year which will add up to $100m in 10 years!
Oh, they made decisions that are worth billions. True. But the billions are not only OPM, they could lose billions and not having to pay a single cent for it and still collect their ransoms. It is a disproportionate reward system where the turkeys keep filling up their pockets with the funds of the organisation no matter if the organisation is making or losing money. They could even cook the numbers to feast themselves. And they pay themselves over the moon when there is a little profit, genuine or fictitious. And when they lose millions or billions, they will argue that the organisation could lose more if not of their expertise and contributions. It is a head they win and tail you lose formula. The security guards of Fort Knox should be paid millions too.
The real owners of the organisations have been robbed daily, under bright daylight by these corporate raiders all across the world, using the western model of operation and system. Never have employees been allowed to dip into the coffers of organisations at will, and help themselves to as much as they want.
So British PM David Cameron is trying to curb these abuses, to return control of organisations back to their rightful owners, the minority shareholders. The same formula can be applied to running countries when rogues took over the govt. The citizens, the real owners of the countries would lose all control of their countries to the minority of rulers who just help themselves to the wealth of the nations as if it belongs to them.
Would David Cameron be successful and right this corporate corruption and change the ethos of corporate governance and the reward system?
The lack of accountability and the dilution of ownership of the majority small shareholders who could not cast their votes together to prevent the corporations from be robbed from beneath their noses is happening to all big organisations that are public listed. The new owners are actually the senior management working hand in glove with the board of directors.
With full power and authority in their hands, the two groups pay themselves crazy with all kinds of justifications, through share options, bonuses, golden handshakes, severance pay, and perks. Can’t imagine anyone could contribute so much to earn $100k a month, while some of these turkeys conveniently helped themselves with a million or more a month. Would these turkeys be able to tell how productive they are to earn their keeps? Imagine paying one $10m a year which will add up to $100m in 10 years!
Oh, they made decisions that are worth billions. True. But the billions are not only OPM, they could lose billions and not having to pay a single cent for it and still collect their ransoms. It is a disproportionate reward system where the turkeys keep filling up their pockets with the funds of the organisation no matter if the organisation is making or losing money. They could even cook the numbers to feast themselves. And they pay themselves over the moon when there is a little profit, genuine or fictitious. And when they lose millions or billions, they will argue that the organisation could lose more if not of their expertise and contributions. It is a head they win and tail you lose formula. The security guards of Fort Knox should be paid millions too.
The real owners of the organisations have been robbed daily, under bright daylight by these corporate raiders all across the world, using the western model of operation and system. Never have employees been allowed to dip into the coffers of organisations at will, and help themselves to as much as they want.
So British PM David Cameron is trying to curb these abuses, to return control of organisations back to their rightful owners, the minority shareholders. The same formula can be applied to running countries when rogues took over the govt. The citizens, the real owners of the countries would lose all control of their countries to the minority of rulers who just help themselves to the wealth of the nations as if it belongs to them.
Would David Cameron be successful and right this corporate corruption and change the ethos of corporate governance and the reward system?
1/08/2012
Obama fighting for more money
He told the Americans that this is a tough battle. He needs money, and more money. And he has to fight Congress for it. No, he is not fighting for his own pay. If he does, I would recommend him the Singapore formula and the Singapore system. Just tell Congress that there is this wonderful model that works, and it pays the head of govt a basic of $3m with 27.5 months of variable bonuses as backup in case he performs well in his job.
He can then submit it to Congress to do all the cuts Congress wants. A 50% or 70% cut will still find him richer than the miserable $600k he is getting now. Unfortunately the American Congress is not so easy to deal with. There are opposition camps, there are also many checks and balances, above which, no one is allowed to write his own pay check or approve them.
My apologies, I digressed. Obama is fighting for more money for the American soldiers to conduct wars everywhere. As an American President, the top responsibility and the most important job is to conduct wars to feed the war industry and the soldiers. Nothing is more important than this. Not even fighting for his own pay rise. Anyway, his pay will only be decided by Congress and even if he admired the Singapore system and wanted it, he would not be able to do so.
It is a different culture. Asian culture is such that everyone is presumed to be corrupt. To be corrupt is in their blood. The only way to protect a guy from being corrupt is to legalise his payouts at whatever amount he thinks it will be needed to prevent him from being corrupt.
Can’t imagine Obama or any American President go in front of Congress or the American people and demand to be paid in millions to keep him from being corrupt. The Americans will laugh themselves to death before they could even put it to a vote. That is how strange their culture is. They don’t believe in corruption and will not pay for corruption.
He can then submit it to Congress to do all the cuts Congress wants. A 50% or 70% cut will still find him richer than the miserable $600k he is getting now. Unfortunately the American Congress is not so easy to deal with. There are opposition camps, there are also many checks and balances, above which, no one is allowed to write his own pay check or approve them.
My apologies, I digressed. Obama is fighting for more money for the American soldiers to conduct wars everywhere. As an American President, the top responsibility and the most important job is to conduct wars to feed the war industry and the soldiers. Nothing is more important than this. Not even fighting for his own pay rise. Anyway, his pay will only be decided by Congress and even if he admired the Singapore system and wanted it, he would not be able to do so.
It is a different culture. Asian culture is such that everyone is presumed to be corrupt. To be corrupt is in their blood. The only way to protect a guy from being corrupt is to legalise his payouts at whatever amount he thinks it will be needed to prevent him from being corrupt.
Can’t imagine Obama or any American President go in front of Congress or the American people and demand to be paid in millions to keep him from being corrupt. The Americans will laugh themselves to death before they could even put it to a vote. That is how strange their culture is. They don’t believe in corruption and will not pay for corruption.
Who should public institutions serve?
This is a non issue for commercial enterprises selling hamburgers, shirts, mobile phones or chicken rice. Their primary preoccupation is to serve their customers, make them happy with their services and products to boost their bottom lines. And they can only boost their bottom lines if the customers are satisfied with their services.
None of these enterprises can hope to compete and exist in the market if their only interest is profit to please the shareholders. And the shareholders know too, that without the customers, they can forget about profits and the business.
In a monopoly, things get a little hazy. They can dump the customers, cut corners, provide substandard services and products and still get away with it. The customers have no choice. And they can blatantly carry the shareholder’s interest around to spank the customers. ‘We are answerable to the shareholders you know!’
If they are selling IPad or IPhone that are in demand, and the customers die die must have, no issue. Willing buyer willing seller, even if it is a monopoly, they can still have their cake and eat it. What if it is a public service like transportation? I can see eyes popping out now.
A public transport company has to serve the customers and the shareholders and also the national interest. Let me take the first two first. Between the shareholder’s interest and the interest of the customers, which is more important? Silly me to ask. If it is a monopoly, they can screw the customers and tell them they need to make profits for the shareholders first. Customers come second or third. What can the customers do? This is the reality of life, just lump it.
What if the money to build the facilities and the business first came from the customers, indirectly through the public coffer? Now this will make the customers angry for sure. Using public money to start a monopoly business and tell the public that the first priority is to serve the shareholders.
Do they care if the customers are transported to their destinations fast, comfortable and safe? Can any of these be compromised? You tell me.
The more important role of public transportation is to provide an efficient transport system to lubricate the economy and social activities. The economy depends on the efficient and safe transportation of people and workers all over the island, for economic and non economic activities. Failing to do this is undermining the economy and the social fabric of the society. A country can be crippled by a major breakdown of public transportation. Can a transport company carry the shareholder’s interest on its head and say, my shareholder’s interest comes first, the train can be slow, uncomfortable, unsafe, these are secondary? Can a transport company price the fares so high that people find it too expensive even to travel, or to go to work?
The top priorities of a public transport company, started with public money, must be national interest, the moving of people safely and efficiently, at a reasonable cost, and also the comfort and interest of the commuters. The shareholder’s profit must come last, and incidental to providing a good and efficient service. The shareholder’s interest cannot be the first and top most priority of a public monopoly. But this is just my opinion. I may be wrong or I am wrong. The shareholder’s interest is all that is.
And don’t forget the uniquely Singapore logic that it can only be efficient if it is privatised. No wonder non privatised institutions are so inefficient.
None of these enterprises can hope to compete and exist in the market if their only interest is profit to please the shareholders. And the shareholders know too, that without the customers, they can forget about profits and the business.
In a monopoly, things get a little hazy. They can dump the customers, cut corners, provide substandard services and products and still get away with it. The customers have no choice. And they can blatantly carry the shareholder’s interest around to spank the customers. ‘We are answerable to the shareholders you know!’
If they are selling IPad or IPhone that are in demand, and the customers die die must have, no issue. Willing buyer willing seller, even if it is a monopoly, they can still have their cake and eat it. What if it is a public service like transportation? I can see eyes popping out now.
A public transport company has to serve the customers and the shareholders and also the national interest. Let me take the first two first. Between the shareholder’s interest and the interest of the customers, which is more important? Silly me to ask. If it is a monopoly, they can screw the customers and tell them they need to make profits for the shareholders first. Customers come second or third. What can the customers do? This is the reality of life, just lump it.
What if the money to build the facilities and the business first came from the customers, indirectly through the public coffer? Now this will make the customers angry for sure. Using public money to start a monopoly business and tell the public that the first priority is to serve the shareholders.
Do they care if the customers are transported to their destinations fast, comfortable and safe? Can any of these be compromised? You tell me.
The more important role of public transportation is to provide an efficient transport system to lubricate the economy and social activities. The economy depends on the efficient and safe transportation of people and workers all over the island, for economic and non economic activities. Failing to do this is undermining the economy and the social fabric of the society. A country can be crippled by a major breakdown of public transportation. Can a transport company carry the shareholder’s interest on its head and say, my shareholder’s interest comes first, the train can be slow, uncomfortable, unsafe, these are secondary? Can a transport company price the fares so high that people find it too expensive even to travel, or to go to work?
The top priorities of a public transport company, started with public money, must be national interest, the moving of people safely and efficiently, at a reasonable cost, and also the comfort and interest of the commuters. The shareholder’s profit must come last, and incidental to providing a good and efficient service. The shareholder’s interest cannot be the first and top most priority of a public monopoly. But this is just my opinion. I may be wrong or I am wrong. The shareholder’s interest is all that is.
And don’t forget the uniquely Singapore logic that it can only be efficient if it is privatised. No wonder non privatised institutions are so inefficient.
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