Myth 199 - Fallen myths

Two big myths have fallen. The myth of paying big money for top talents is now a myth that will circulate in cocktail parties as a joke. All the supertalents in top American financial institutions and giant corporations, including the motor companies are laughing stocks. Paying them millions and millions and what did the shareholders get? Bankrupt companies. Oh, hold it a minute. The companies could be worst off if not because of their talents. And in times like these, their talents are even more needed. The second big myth to bite the dust is big names, reputations and track records. All the big American financial institutions are big names with proven track records, plus supertalents, tested and proven. What happened? An organisation is as good as the people running it. The people running an organisation now are not the same people who built them. Or if some are still around, the mission, priorities and values may have changed. Don't be complacent. Count ourselves lucky not to have employed these great talents at cloud nine salaries. Or are we thinking of picking them up now that they are losing their jobs?

Low talent caught cheating $1.22

The low talents deserved it. Want to cheat also dunno how to cheat and got caught some more. And of all things, trying to cheat $1.22 to save paying MRT fare! Lee Heng Anne, 55, was caught for doing exactly this. And she was fined $700. Why can't these low talents learn to be smarter? They must learn from the high talents, want to cheat, cheat a lot and find ways to call it anything else except cheating. Do a little window dressing and may get away scot free some more. Cheat big requires a lot of talent. Look at all the Wall Street CEOs, anyone caught for cheating? The best is the CEO of Merrill Lynch for asking a US$15m bonus. He said the company's problem could be worst if not because of him and his talent. He deserves the bonus for such a good justification.

The landlord's logic

When everyone is increasing the rental or the sale price of the properties, I must also increase lah. But your propertiesre built 30 years ago and your cost of maintenance did not go up so much, why are you doubling or tripling your rental and price? It is business lah. Business means make profit, as much as the other party can pay. And don't forget, my own pay and bonuses must go up to keep up with my higher standard of living.

Tenacious pursuit of a cause

The fortnight outings at Hong Lim where the minibond bond victims congregate to hear the sermon from the mount is still going on. The number is dwindling. I am surprised that it could go on for so long. But knowing the habit of Singaporeans it will die a natural death. Soon no one will be there except for Tan Kin Lian and his friends. It will be just another event gone by and assigned to the dusty collections of history. Many issues that touched the people very dearly too were sent to oblivion. There is no tenacity in the Singaporeans pursuit for a cause except for the rebel. Rebels there were and still a few. They are the one who will stick to their cause and tailed their targets everywhere. Unfortunately there are too few of them and with even fewer supporters of their cause. Time will take care of everything. What would happen to the minibond case if there is no Tan Kin Lian? What would happen to the case when the attendance in Hong Lim becomes zero?

The fairness of natural justice

On Shu Kio, the wife of Richard Yong of NKF fame, has pleaded guilty in Hong Kong for money laundering and could face up to 14 years jail and a fine of $1.1m. And the money she transferred out, $4.6m may also be gone with the wind. Richard Yong had served his due for his part in the NKF. But On Shu Kio is at best a collateral damage. And she is paying an extremely high price for it. In fact Richard Yong and wife paid the heaviest of all. This prompts one to ask how big is Richard's role in the NKF to deserve such justice. Several of the board of directors of NKF were dealt with. Some spared. And they are still hunting the lone foreigner in India. They will catch him one day, hopefully. But India is such a big place. Richard Yong and his wife should have gone to China, an equally big place and probably they will still be hunting for them. How fair is natural justice?