Wages cut at Temasek Holdings & Name change for TH?
1) Wages cut at Temasek Holdings
It is stated that the management of Temasek Holdings (TH) voluntarily cut their pay by 15 % to 25%.
At first sight, it is generous of TH management to do so.
For those who have read Romance of Three Kingdoms, they would felt disgusted!
Reasons?
“The army marched away. In the course of the march they passed through a wheat region, and the grain was ready for harvesting but the peasants had fled for fear, and the corn was uncut. Cao Cao sent proclamations to all villages and towns:
"I am sent on the expedition by command of the Emperor to capture a rebel and save the people. I cannot avoid moving in the harvest season; but if anyone trample down the corn, he shall be put to death. Military law is strict without exception, and the people need fear no damage."
The people were very pleased and lined the road, wishing success to the expedition. When the soldiers passed wheat fields, they dismounted and pushed aside the stalks so that none were trampled down.
One day, when Cao Cao was riding through the fields, a dove suddenly got up, startling the horse so that it swerved into the standing grain, and a large patch was trampled down. Cao Cao at once called the Provost Marshal and bade him decree the sentence for the crime of trampling down corn.
"How can I deal with your crime?" asked the Provost Marshal.
"I made the rule, and I have broken it. Can I otherwise satisfy public opinion?"
Cao Cao laid hold of the sword by his side and made to take his own life. All hastened to prevent him.
Guo Jia said, "In ancient days, the days of the Spring and Autumn history, the laws were not applied to those of the most important. You are the supreme leader of a mighty army and must not wound yourself."
Cao Cao pondered for a long time. At last he said, "Since there exists the reason just quoted, I may perhaps escape the death penalty."
Then with his sword he cut off his hair and threw it on the ground, saying, "I cut off the hair as touching the head."
Then he sent messengers to exhibit the hair throughout the whole army, saying, "The Prime Minister, having trodden down some corn, ought to have lost his head by the terms of the order; now here is his hair cut off as an attack on the head."
This deed was a stimulus to discipline all through the army so that not a person dared be disobedient. A poet wrote:
A myriad soldiers march along and all are brave and bold,
And their myriad inclinations by one leader are controlled.
That crafty leader shore his locks when forfeit was his head,
O full of guile were thou, Cao Cao, as everyone has said.”
http://www.threekingdoms.com/017.htm
Indeed, cutting their own pay while forfeit were their heads, who wouldn’t felt disgusted?
2) Name change for Temasek Holdings?
For the past few years, Temasek Holdings has been plagued by endless troubles. For example, it failed to seize control of the Thai, Malaysian or Indonesian economies.
Perhaps a name change would help to change its luck for the better!
If there is a name change, which of the following name is most suitable?
1) KNS Holdings
2) CMI Holdings
3) CBL Holdings
4) TCSS Holdings
5) Honest Mistakes Holdings
6) Extraordinary Holdings
7) Double Standards Holdings
8) Destruction of wealth Holdings
9) Born loser Holdings
10) Incompetence Holdings
11) Wayang Holdings
12) Fireworks Holdings
13) Paper Losses Holdings
14) Realised Losses Holdings
15) Buy high, sell low Holdings
16) Rushing in when the gates of Hades is closing Holdings
17) Cheated 3 suckers Holdings
18) Cheated 3 suckers with extraordinary government’s help Holdings
19) Help to avenge the SIP humiliation Holdings
20) Third Generation Holdings
21) Meritocracy Holdings
22) 100% to 69% Holdings
23) 31% Holdings
24) S$185b to S$127b Holdings
25) S$58b Holdings
26) People buy Barclays win money, I buy Barclays lose money Holdings
27) Lose money on Bank of America Holdings
28) Went out too early on BOA investment Holdings
29) Lose big M to foreigners, give small M as charity to the locals Holdings
30) Better performance than peers Holdings
31) Lose less than others Holdings
32) New CEO Holdings
33) Partial change of leadership Holdings
34) Earlier entry into the market Holdings
35) Rare peanuts Holdings
36) Rare monkeys Holdings
37) Rare peanuts for rare monkeys Holdings
38) Went in too early Holdings
39) Goner Holdings
40) Different approach from Warren Buffett Holdings
41) Better returns than Warren Buffett Holdings
42) Pray for divine intervention Holdings
43) Long Term Investments Holdings
44) Change of investment strategy Holdings
45) Culture of responsibility? Holdings
46) No more Good Years Holdings
47) Giving up Chip when its chips are down Holdings
48) Change of CEO- now u see it, now u don’t Holdings
49) Strategic differences Holdings
50) Throw in your lots with Warren Buffett or Temasek? Holdings
51) Entrust your financial future with Warren Buffett or Temasek? Holdings
52) Place your funds with Warren Buffett or Temasek? Holdings
53) Risk your funds with Warren Buffett or Temasek? Holdings
54) Progress together with Warren Buffett or Temasek? Holdings
55) Become millionaires with Warren Buffett or Temasek’s help? Holdings
56) No selling of family jewels, so approach Singaporeans with hand in cap Holdings
57) No end to suffering Holdings
58) No end to honest mistakes Holdings
59) Endless supply of nasty surprises Holdings
60) Permanent CEO Holdings
61) I talk cock, you LL Holdings
62) I lose big money, you LL Holdings