Someone obviously never study finance.
In any of the transport companie be it SIA, TIBS, Translink and
whatever
They will hedge the price of oil because they know this is a cost
componment that needed to be controlled therefore the price they
pay is below the market price because of the hedging. Unless of
course these companies are stupid and did not do so. Then does it
mean that WE as lay-persons got to pay the penality and become the
crutch for the company is badly run by the management?
If they did not hedge their oil, its their own bloody fault for
corporate goverance failure to manage their costs properly. Don't
always come crying that the people have to PAY more just because
their expense increase. Every company has increasing expenses, its
up to the management to control it. Then one way to control
expenses is to cut the top management salaries. Why don't they do
that before squeezing the public? Obviously, we all know why and
its back to the "some are more equal issue".
Its the same old thing all companies do. When the economy is a
little depresses. The employing manager will use that as a excuse
to Depress your asking salary when you apply for work. But once you
work for them, you would realise that the depressed economy did not
impact your company and in fact, your company is doing so darn well
and you just felt underpaid. However, the dpressed economy is used
as a tactical excuse by the management as it is their perogative to
drive down costs even at your expense. Where did that excess go ?
When the report is submitted, Oh that manager managed to do so much
with so little cost, therefore he is promoted. get the drift?
So when SIA retrenched so many people and they cried and cried
about the company going down and senior guy in jeng hu even come
around and mediate. Immediately, the next year(maybe only months
later), what's their profits?
