Temasek Found A Replacement For Goodyear!
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http://johnharding.com/2009/09/02/temasek-finds-a-replacement-for-goodyear/
Johnharding.com, 3 Sep 2009
Temasek finds a replacement for Goodyear!Temasek Holdings, Singapore’s sovereign wealth fund, has found a replacement for Charles “Chip” Waterhouse Goodyear IV - it’s in the revision of its charter!
What Goodyear, or whoever that guy was, could not do, Temasek’s revision of its seven-year old charter will do.
Temasek will get its money out of Singapore as soon as possible, and invest in countries like the United States - folks who really need the money.
According to Temasek, its revised charter is one that “more accurately reflects its investment objectives and relationship with the Singapore Government.”
Sure it does, and let’s see how.
Temasek will morph into an investment company managed on “commercial principles,” something like U.S. bailout recipient, Goldman Sachs.
When Temasek was founded in 2002, its portfolio “was largely concentrated in Singapore,” said Temasek chairman S. Dhanabalan.
Dhanabalan
According to Dhanabalan, this was thanks to Temasek’s “yellow pages rule,” which suggested that Temasek divest itself of any investment that could be found in Singapore’s Yellow Pages.
Temasek investment tool - Singapore Yellow Pages
Temasek’s “yellow pages rule” is something like throwing darts at a map to decide where to invest. With the help of the “yellow pages rule,” Temasek has succeeding in moving about two-thirds of its portfolio to countries outside of Singapore.
Mr. Dhanabalan has now stated Temasek’s new investment rule in one short and nonsensical sentence, “We invest and divest as and when we see value.’”
You divest when you see value?
Sounds kewl, man.
Another change being made is that the frequent ad hoc meetings between Temasek and Singapore Government will be replaced with “more structured once-a-year briefings.”
In other words, Singapore will not have many chances to see what Temasek is doing.
Of course, at family dinners, Ho Ching, Temasek’s CEO, can tell her father-in-law, Singapore’s leader, Lee Kuan Yew all about where the money is hidden going.
There is also a back-up plan.
Goodyear clone Simon Israel
Waiting in the wings to take over Temasek is another foreigner, Simon Israel, quietly appointed as Temasek’s Executive Director.
Simon Israel has an impressive background. He has 10 years of experience with the Danone Group (leading yogurt producer) as Chairman Asia Pacific and a 22-year career with Sara Lee Corporation (pre-baked cakes) across the Asia Pacific region.
With his experience with yogurt and cakes, Simon Israel is ready and qualified to lead Temasek.
He looks like a Goodyear type of guy - Temasek goes for that.
Now Singapore’s leader, Lee Kuan Yew, can say like Marie Antoinette, “Let them eat cake!”
Dannon Yogurt!
Sara Lee Cake!
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meaaahhhh... meeeeaaahhh.. another sheep gonna get slaughtered.
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Probably run again after seeing Temasek's books.
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Simon "The Patsy" Israel.
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Probably the good thing is that he had worked for "Sara Lee".
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Why would they sort a CEO from a product companies and not from a Bank or private investment group? I just think that the approach are fundamentally different.
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well, after the Goodyear, it is going to be another Badyear, is suppose.
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Originally posted by angel7030:
well, after the Goodyear, it is going to be another Badyear, is suppose.
What is the purpose of this reply ?Does it contribute anything more to the discussion ?
No wonder some see you as a whore with your prolific ability to spread your stupidity through every thread in the Sg Forums.
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Originally posted by Atobe:
What is the purpose of this reply ?Does it contribute anything more to the discussion ?
No wonder some see you as a whore with your prolific ability to spread your stupidity through every thread in the Sg Forums.
just for laughter cannot meh, u r overly serious on all thing, relax, go for a foot massage or spa, enjoy abit of life, go for an afternoon high tea at mandarin and see how life goes on, smile and laugh often and willingly ya. -
is he from israel, is he a jew?
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Originally posted by noopi:
is he from israel, is he a jew?
regardless of race, language or religion, base ourselves as one united people ya.
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Originally posted by noopi:
is he from israel, is he a jew?
How is this relevent?
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Originally posted by angel7030:
regardless of race, language or religion, base ourselves as one united people ya.
With you being such an expert at debasing every thread with your "talk cock and sing song" approach, what do you know about being one united people ?
Despite ‘Annabel Chong’s’ (*1) looks, she was able to accomplish her amazing feat with her horniness - what have you done with your useless cravings from a whole night of working and talking with all your men ?
You should learn from Annabel's success with her cravings to make an impact for herself, instead of returning to this Speaker's Corner every morning and late afternoon daily, to vent your horniness with your "talk cock and sing song" ignorance ?
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Originally posted by Atobe:
With you being such an expert at debasing every thread with your "talk cock and sing song" approach, what do you know about being one united people ?
Despite ‘Annabel Chong’s’ (*1) looks, she was able to accomplish her amazing feat with her horniness - what have you done with your useless cravings from a whole night of working and talking with all your men ?
You should learn from Annabel's success with her cravings to make an impact for herself, instead of returning to this Speaker's Corner every morning and late afternoon daily, to vent your horniness with your "talk cock and sing song" ignorance ?
who is annabel??being one united people, is not really what you envision as tho we all stay together forever..it is about the respect of each other, understand and tolerate each other religions, race and languages, an appreciation of one Singapore, one nation and one people.
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When we Singapore moving with global trend, improvement in transparency is becoming key to survival of Temasek. Singapore government should realize the implication of Temasek and politics. Releasing respectful information to public and behaving well at press and news media shows how mature/ immature the top management of the organization. Global economic and political weather is less and less room for neo-aristocrat to stay afloat just by exploiting the political and social contact.
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what to do, the govt trained the population to be afluent, knowledgeable and skillful, now they have to bite their own creation, first world citizens are not that stupid as their third world ancestor.
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so who is the replacement? I still see mr ho in power.
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Originally posted by mlmersrlosers:
so who is the replacement? I still see mr ho in power.
former biscuit and cracker Danone CEO, Simon Israelex investor banker, Charles Ong
Morgan Stanley director, Michael Dee
Temasek senior MD, Jimmy Phoon
Take your pick, place your bet, minimum $1 for
Simon Israel, we paid $1.20
Charles Ong, we paid $1.80
Michael Dee, we paid $2.30
Jimmy Phoon, we paid $5.00
Angel's betting pools.
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Originally posted by angel7030:
who is annabel??being one united people, is not really what you envision as tho we all stay together forever..it is about the respect of each other, understand and tolerate each other religions, race and languages, an appreciation of one Singapore, one nation and one people.
With the horny appetite for attention that you have displayed twice a day - ‘Annabel Chong’s’ (*1) can be your sister.She was united with 250 men in one day, you must have done better considering the hits that you have achieved up to this date.
We can certainly confirm your masochistic demands is exceptional for a Taiwanese girl like you, who is better working with your hum then talking cock and singing songs in politics.
Do we need an ignorant Taiwanese hum to interfere in our politics ?
Just pack up and go.
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'goodyear' didnt last, 'badyear' follow
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Dun talk c**K here , place your bet!!!!, closing date 30th sept
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At present moment, doesn't look like anybody new will be taking over TH anytime soon.
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Some cooking lesson needed?
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Originally posted by angel7030:
Dun talk c**K here , place your bet!!!!, closing date 30th sept
Can anyone outperform a "hum" in talking cock ?Is your "hum" to be laid on the table for a bet "closing date on 30the sept" ?
Who wants an ignorant "hum" that creates dysfunction when seen with one glance ?
This is pathetic coming from a Taiwanese ignoramus attempting to teach Singaporeans about politics.
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Originally posted by Atobe:
Can anyone outperform a "hum" in talking cock ?Is your "hum" to be laid on the table for a bet "closing date on 30the sept" ?
Who wants an ignorant "hum" that creates dysfunction when seen with one glance ?
This is pathetic coming from a Taiwanese ignoramus attempting to teach Singaporeans about politics.
hello humsup uncle, you are suppose to post intellectual opposition posts, please, dun waste time on me...election is coming soon, your hum or cockle is not going to help opposition ya