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Topic Review (Newest First)
28-04-2009 10:29 AM
dear farmer--
4596

dude, why should buffett step down when it's his OWN money. he built up his wealth from his own money. then after a reverse takeover of berkshire, he had more money to manage. the BIG difference between him and our sovereign funds ceos and management is that the latter group manages the nation's money. the people's money. money from u and me.
the fund management and wealth managemetn industry has been shaken up a lot, with many people getting the sack, most recently seen in the hsbc's retrenchment of 100 private bankers.
i dare say i speak for many when i say there ought to be some answers and accountability when billions are lost in hasty investments into the big banks like citigroup, ubs and merrill lynch. well, i think mm lee has said they invested "too early" - this is a good start in explaining, but still not good enough for many people.
people are reasonable. we just want to see responsible answers and not extreme actions like having heads roll. answers like "too bad we lost money", "what to do? it's happened. (mas selamat has escaped)" are really unacceptable.
28-04-2009 10:20 AM
Blameitonfate--
4595

Lets not forget the HODs/CEOs are getting salaries over 20 times of the grunts, so why should they be getting negative 20 times of the responsibilities when things go wrong?

Money you grab, Responsibilities you SIAM???

What kind of a leader is that? IN a war, such a general would be assasinated before the war is even engaged.
28-04-2009 10:14 AM
Blameitonfate--
4594

Farmer, in Japan, when something fails, the CEO takes the rap. The guy appears on TV, either offering a public apology or RESIGNS. Obviously you do not agree with this superb culture because to you the grunts are not flawless and therefore their heads/CEOs are absolved from blame.

Frankly with this attitude, the entire organisation becomes crap. Because if the parent is not responsible for the children's failures, then who is? The teachers? The kids themselves for being born dumb or because kids are prone to fail???

Wait, we're not saying the CEOs should be chopped for minor mistakes. We are saying the CEOs/HODs MUST be held responsible for whatever happens on the ground. If it is a minor error, then the CEO/HOD gets an alert, if moderate, a warning, if serious....terminated.

PS. If a war is lost, we don't kill the soldiers, we execute the general. That is the way of a true leader. To attempt otherwise would be an escapist and such a person would be pure opportunistic. There's nothing to be jealous/envious about such people, they grab what they can in this life and departs from it naked.

Wait. We are talking about INTEGRITY.
28-04-2009 10:01 AM
adiemuso--
4592

for the record, i have nothing against farmers.

for the record, i do not blame the CEO when his cashiers give me the wrong change.

off the record, i think you are frustrated at work.

btw your post was truncated, would u repost the remainder.
28-04-2009 12:17 AM
admin--
4591

btw, I have nothing against farmers.
28-04-2009 12:15 AM
admin--
4590

farmer,
I use a spam detection system called Akismet. It automatically marked your comment at 10:28pm for moderation, probably due to the 2 links in it. I just approved it. Thanks for bringing it to my attention.
27-04-2009 10:44 PM
farmer--
4589

Note to moderator: this ish meant for you. too lazy to email you. But yea now suddenly comments are 'moderated' . I knew you had an agenda against farmers. i'm impressed with myself i was right haha
27-04-2009 10:28 PM
farmer--
4588

hahaha last 2 paras are the funniest sia, abt Norway's pension fund and even Harvard endowment fund hahahahaha

http://www.chinapost.com.tw/business/middle-east/2009/01/15/192157/Arab-sovereign.htm

http://www.gata.org/node/7260
27-04-2009 10:23 PM
farmer--
4587

wow really?? Warren buffett the finance deity stepped down from his own in-sovereign fund?? i see!!! How come he so 'shen', but he lost $$$ sia??? You tell me the farmer please.
27-04-2009 10:21 PM
farmer--
4586

Oh I will also go to church this Sunday, and pray to God to give my grunts- under me, the farmer middle manager that gets the blame- bionic eyes to see through solid surfaces, as well as eyes on the back of his head, and also other powers such as the ability to be at all places and all time, so they can monitor the hawkers from start to finish. Pray for me too.
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