Originally posted by Wakus:
18% returns...hmmm
An investment company...run by [b]civil servants and
employees? haha...what is their track record in
investing? yeah once in a while investors make bloopers...but
really why hand people's monies to employees, whose track record in
investing is something that every normal singaporean has never
heard of and is questionable? Less an endorsement from our dear
MM.."HC is the best person to run this company"
But jokes aside seriously, The money is OUR hard
earned money given to the government with the faith that it will be
well spent and used for the welfare of the people.
What is glaring is how these monies are handed to people who i feel
are abit ill equipped to invest. These people are
EMPLOYEES not investors...if you're gonna hand the
job to someone to invest, for god's sake hand it to someone who has
investment experience and the person at least knows what is it
singaporeans have in mind for their investment tastes.
Besides...HC doesn't earn her salary from these so called
investments...she earns it from her usual salary as CEO of temasek
holdings...
So she doesn't feel the sting and worry of losing money in an
investment...cause it's not her money...but we feel it, cos it is
OUR money...
Point here is, if you're gonna give someone people's monies to
invest, please make it an INVESTOR who runs the company, not an
employee who happens to be there cos she was someone's
wife...[/b]
Yes, you trusted the govt with your money. The govt has decided
to maximise your money and grow your money for you. So what is
wrong with that?
And again you ignore the track record of Temasek. They have
acheived 18% total returns since inception. Temasek top management
people consist of Senior fund managers and experienced CEOs of
listed companies like Koh Boon Hwee. Ho Ching herself is an
economist and an engineering graduate. Are they not people with
entrepreneurship and investing experience?
This set back will erode the profits for FY2006, but does that mean
everybody on Temasek board of directors should resign? I would
think that the entire board has learned a valuable lesson from this
set back and as such it does not make sense to demand the
resignation of the BOD in Temasek.
At the end of the day, Temasek Holdings is still liable to its
shareholder.
