The problem is the source of the money where their salaries are
coming from. Their salaries are not from corporate profits, they
are from tax(and our CPF).
The people pay tax with the understanding that the money would
be used for the benefits of the people/money. It's the same outcry
when it was discovered that Durai/Mingyi has been
enjoying high salaries and perks.
Worst of all, when CEOs messed up they get fired
immediately. They don't get to blame it on an underling and
continue to sit there, claim a high salary and make snide remarks
on how their employees should be more compliant, cheaper,
faster and more efficient.
Their wife don't get to be chairwoman on a subsidary
despite losing 100 billion.
I have no issues with high salaries for ministers i can agree
having that much power you have to guard against
outside interests damaging national interests.
But if they want the parks and benefits, they
should expect that responsibility should come with it. Right
now the board of directors ARE the CEOs.
Corporate satisfy Shareholders with return in investment, Govt
satisfy its Citizens, provide job for them and give opportunity for
them, to get educated, to get prosperous, and to get
healthier, peace and harmony.
If shareholders find that the CEO is not worth the job,
they can alway get rid of him/her with a certain compensation.
If citizens find that govt is not suitable to rule the country,
they can alway vote them out. Fair?
Good paid Ministers of Singapore is not a new issue, it had been
around since the 90s, but majority peoples of Singapore still vote
them. This alone gives them the mandate that they are worth that
much. Question?
Lost in investment is not only the govt alone, most investors
lost in the last year financial crisis including my daddy, it is
not some thing that the govt lost and others win, it is a global
lost, and these billions lost were gain taken from the early years,
just like we gain 200 billions and now lost 100 billions, what is
the big deal? We are still in blue, we still can pour billions into
the market to stimulate the economy, just ask yourself, is their
lost which is still a gain if you audit a 10 years consolidating
account, led you to sleep in the street with no food??? or that
everything come to a standstill, and that sing dollars you are
holding is less valuable than Baht, Ringgit or USA dollars??? Think
hor.
Throughout the decades of PAP rules, we had gone thru so many
crisis, and everytime, we come up fast and furious, i have no doubt
that PAP has master the skill of handling crisis management,
and most singaporeans like me, are not blind to it,
not to say that there is no capable oppositions (which I dun think
there is), if the govt is changed, another crisis is to hit
Singapore, which will happen, i have doubt that they can handle
it.
