The Military Organisation work on the basis of 'follow the
order' and 'no questions asked'.
Can the Military Management System be followed in any commercial or
industrial organisation ?
One would expect a CEO to appreciate some sound Financial
Management in running a corporation - whether it is a GLC or
otherwise.
Can a Military Person operate in the commercial world and in a
Senior Position that require some understanding of Financial
Management ?
For example, if LKY were to run SIA, he would no doubt be able to
lead it very capably, even if he has few experience in the aviation
sector.
Firstly, Singapore is already too small for his talent', will
not SIA be even smaller ?
If LKY was to run SIA, emigration will certain happen, as already
evidence by the 'brain drain' over the last few decades.
Can SIA ever take off ?
For me, the real issue is whether ex-scholars who underperform
continue to lead GLCs. Can anybody raise an example? When a GLC is
managed poorly, they get knocked by private companies in the
market. If the ex-Chief of Air Force can't perform, why would SIA
want to keep him. Afterall, Chairman SIA has to answer to the
Government as well. Sure, the ex-scholar has more openings for him
in GLC vis-a-vis a peer from the private sector. However, it is
performance in the long term that determines success, whether in a
GLC or not.
Is Singapore Telecoms performing as well as its peers in the
Telecoms Industry ?
If not, the CEO is a President's Scholar and would be a fine
example of the bungles that has occurred in their financial
adventures overseas.
The PM's wife, Ho Ching's decision - as Head of Temasek - to invest
in the Hard Disk Drive industry resulted in a loss of over US$500
Million.
Was she fired ?
No, but the then Minister of Finance, Dr Richard Hu made a strong
defense to excuse her for the heavy loss as tuition fee to learn
about the HDD business.
Is it performance over the long term, or will political connections
protect those who face failures.