Breaking News:Ho Ching to remain Temasek CEO
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Originally posted by mlmersrlosers:
give him another chance to show that he can do it
Give him? another chance to blow it again?
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Originally posted by Chew Bakar:
Give him? another chance to blow it again?
may be they have calculated the risk of having her back. Perhaps now with the soon to implement what crap CPF policy they must have calculated profits from this to allow more losses. -
Originally posted by Fantagf:
may be they have calculated the risk of having her back. Perhaps now with the soon to implement what crap CPF policy they must have calculated profits from this to allow more losses.You mean a rerun of foul ups?
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Heaven got no eye ar?
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So must Ho Ching return that whatever appreciation award for being the CEO?
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What's the severance package for this foreign talent this time?
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In the 1st place,
its a stupid thing for Singapore to do. Every single western entity will definitely have a western person helming the entity.
Only Singapore is ever that truly stupid to believe in 100% fairness and give the top job to a foreigner. Or perhaps its not about 100% fairness, but a skewed opinion that our own people cannot do the job.
Ho Ching or not Ho Ching, it should have never been a foreigner running our own govt entity.
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This one super funny.
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Originally posted by charlize:
If stock market does indeed move down again, then it will be like equivalent of the Adam Cheng curse.
What's Adam Cheng curse? -
Originally posted by nightzip:
What's Adam Cheng curse?Sorry, it should be the Adam Cheng Effect.
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Looks like we got hustled again.
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When are there no foreign talents in the place (ie. the Cabinet) the regime needs most?
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Originally posted by Chew Bakar:
Channel NewsAsia
Posted: 21 July 2009 1756 hrs
Singapore: Temasek Holdings and Mr Charles (“Chip”) W. Goodyear have mutually agree not to proceed with the CEO appointment that was to have taken effect on 1 October 2009.
Mr Goodyear was appointed a Member of the Board of Directors of Temasek Holdings (Private) Limited on 1 February and CEO-Designate on 1 March to to succeed Ms Ho Ching as CEO.
In a news release issued Tuesday evening, Temasek said that four months into the leadership transition, the Board and Mr Goodyear concluded and accepted that there are differences regarding certain strategic issues that could not be resolved.
In light of the differences, both parties decided that it is in their mutual interests to terminate the leadership transition process and hence the executive relationship with effect from 15 August 2009.
Mr Goodyear will also step down from the Temasek Board effective the same date.I wonder who he offended?
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Originally posted by breytonhartge:
I wonder who he offended?
Who you suggest?
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http://online.wsj.com/article/SB10001424052970203946904574301790816464968.html
he Wall Street Journal, 21 Jul 2009
Temasek and Transparency—II
‘We hired the best,” Singapore founder Lee Kuan Yew said last month, referring to the incoming head of state-owned investment firm Temasek, Chip Goodyear. Yesterday, Temasek released a statement saying Mr. Goodyear wouldn’t be taking the job after all. Given that Temasek manages about $84 billion in taxpayer monies, Singaporeans deserve to know what happened.
Mr. Goodyear’s appointment was a step toward more transparency and professionalism. He was the first non-Singaporean to be named as CEO and had experience running companies in Australia and U.S. Current CEO Ho Ching, the wife of the prime minister, spent her professional career in Singapore and has presided over a huge fall in the company’s portfolio value amid the recent financial crisis.
Temasek said in a statement yesterday that the parting of ways was mutual and cited “differences regarding certain strategic issues that could not be resolved.” Ms. Ho was quoted as saying she hopes “to complete the initiatives” Mr. Goodyear started. In a statement emailed to us yesterday, Chairman Suppiah Dhanabalan said those initiatives include “policies, work processes and systems.” But a spokesman declined to comment when we asked if more transparency was also on the agenda.
Temasek took a step in the right direction in 2004 under Ms. Ho’s tenure when it released its first annual report—30 years after its founding. Much more could be done. Temasek, which is wholly owned by the Ministry of Finance, releases only consolidated results, limited historical financial data and scant details on how it evaluates and compensates its executives.
Under Singapore law, Temasek isn’t obligated to release any financial data at all. But if Ms. Ho wants to send a message to taxpayers that Temasek is still on a reform path, she’ll assure them that Mr. Goodyear’s appointment wasn't merely an aberration from opacity as usual.
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Latest updates on Singapore News Alternative:
1. Temasek and Transparency—II
2. Goodyear quits Temasek over differences with board members
3. Singapore Education: Embracing websites telling an alternative viewpoint
4. Tax Free World Association (TFWA) Closes Singapore Office
5. Pandemic (H1N1) 2009 now the dominant flu strain in Singapore, Taiwan (China)
6. Singaporeans invest less after financial meltdown
7. China's sportswear brand Li-Ning opens flagship store in Singapore
8. MAS Reject Criticisms On Its Ban Decision
9. Zecotek Phonotics Received 4th Grant From EDB
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Originally posted by Chew Bakar:
You mean a rerun of foul ups?
hahahahha , well well -
I am no surprised that there is possibility he is asked to resign.
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Originally posted by Yxxxone:
http://online.wsj.com/article/SB10001424052970203946904574301790816464968.html
he Wall Street Journal, 21 Jul 2009
Temasek and Transparency—II
‘We hired the best,” Singapore founder Lee Kuan Yew said last month, referring to the incoming head of state-owned investment firm Temasek, Chip Goodyear. Yesterday, Temasek released a statement saying Mr. Goodyear wouldn’t be taking the job after all. Given that Temasek manages about $84 billion in taxpayer monies, Singaporeans deserve to know what happened.
Mr. Goodyear’s appointment was a step toward more transparency and professionalism. He was the first non-Singaporean to be named as CEO and had experience running companies in Australia and U.S. Current CEO Ho Ching, the wife of the prime minister, spent her professional career in Singapore and has presided over a huge fall in the company’s portfolio value amid the recent financial crisis.
Temasek said in a statement yesterday that the parting of ways was mutual and cited “differences regarding certain strategic issues that could not be resolved.” Ms. Ho was quoted as saying she hopes “to complete the initiatives” Mr. Goodyear started. In a statement emailed to us yesterday, Chairman Suppiah Dhanabalan said those initiatives include “policies, work processes and systems.” But a spokesman declined to comment when we asked if more transparency was also on the agenda.
Temasek took a step in the right direction in 2004 under Ms. Ho’s tenure when it released its first annual report—30 years after its founding. Much more could be done. Temasek, which is wholly owned by the Ministry of Finance, releases only consolidated results, limited historical financial data and scant details on how it evaluates and compensates its executives.
Under Singapore law, Temasek isn’t obligated to release any financial data at all. But if Ms. Ho wants to send a message to taxpayers that Temasek is still on a reform path, she’ll assure them that Mr. Goodyear’s appointment wasn't merely an aberration from opacity as usual.
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Latest updates on Singapore News Alternative:
1. Temasek and Transparency—II
2. Goodyear quits Temasek over differences with board members
3. Singapore Education: Embracing websites telling an alternative viewpoint
4. Tax Free World Association (TFWA) Closes Singapore Office
5. Pandemic (H1N1) 2009 now the dominant flu strain in Singapore, Taiwan (China)
6. Singaporeans invest less after financial meltdown
7. China's sportswear brand Li-Ning opens flagship store in Singapore
8. MAS Reject Criticisms On Its Ban Decision
9. Zecotek Phonotics Received 4th Grant From EDB
.Hired the best? Apparently the boards have got some issues that cannot be compromised with "the best", thus he wont be staying. Hey I think this means that the Temasek board is better than "the best".
"Four months into the leadership transition, the Temasek board and Mr. Goodyear have concluded and accepted that there are differences regarding certain strategic issues that could not be resolved," Temasek said in a statement.
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Goodyear is a scapegoat. I think HO CHING is going to know she is losing money for temasek.
Ho Ching ask Goodyear to come in. Expected lose so much, of couse She ask goodyear to resign on his own as an answer. 2nd quater HUGE losses.
HAHAH. DUn dare to declare their accounts.
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my aunty is BACK!!! yeah!!!
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goodyear is better to manage a tyre company lah,..come here for what??
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Goodyear's expertise is not out to good use wat a waste for Singapore to make more out of its reserves...
