Is it not odd that prior to the confirmation of Mr Goodyear to
takeover from the Jinx, his thoughts and views - to lead
Temasek forward - have not been thoroughly probed ?
Why should this occur less then 3 months after Mr Goodyear has
left his previous position and join Temasek ?
Does this mean that Temasek Holdings will have to pay a few
million to Mr Goodyear as compensation for the inconveniences
caused to his career plans ?
This show the lack of due diligence on the part of Temasek
Directors in executing their corporate duties.
The BIG QUESTION is why is this lack of due diligence a
characteristic feature in the manner in which businesses are
conducted at Temasek Holdings ?
It happened during the takeover of Shin Corp that resulted in a
furor which revealed shady dealings that contravened local
laws.
It happened during Temasek's attempt to takeover banks in
Indonesia and India, in which it was found that Temasek had again
contravene local laws in the stakes that foreign companies are
allowed to hold.
It seems that the Politicians make useless corporate leaders,
even as LKY claimed that corporate leaders have the essential
qualities to become Head of State.
Whether goodyear is being compensated is all up to his contract,
but that is not an issue, Goodyear is in no doubt a remarkable
financial person, but however, state own financial policies, rules
and regulations is totally different from his Privately own
finanical insitutions that he works before.
Prior to all these, it was well know that foreign talents had
never get a strong hold on state corporation top seats, same goes
to the former DBS ang mo chief. And contrary to all these, it is
more wise that state own insitutions should be guided by local
rather than foreigners, these are true in Malaysia and indonesia
and most of the countries.
For the past few months, Goodyear had initiated a few intiatives
to move Temasek out of it red, and Ho Ching will continue to guide
these intiatives to it objectives. In another words, Goodyear is
nothing but an advisor and a scapegoat during the downturn whereby
the local leaders do not know what to do until Goodyear arrived,
layout the new initiatives and foundation, then when things are
going abit fine before sunrise, they kick Goodyear out and here
come my Aunty to grab the Glory
