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