Friday, June 5, 2009

Singapore Meritocracy rewards Failures

From: "truth"
Date: Fri, 05 Jun 2009 06:25:08 GMT
Local: Fri, Jun 5 2009 2:25 pm
Subject: pap Leegime rewards failure

Ho Ching who screwed up bigtime at Temasek. She
has no regret losing $59 billion of Singaporeans $. She was
awarded one of the top honours by the NTUC.
This is not the first time.
When she screwed up and lost $600 million in less than
a year buying a rotten company Micropolis, the pap Leegime
defended her saying that all investment decision has risk.
Such meaningless defence fools no one. Yes all investment
decision is risky but the difference between a good manager
and a fuckup one is in the performance.
Despite her fuckup performance she was still rewarded by
being put in-charge of a much bigger outfit Temasek.
So u can see that the core of the pap Leegime is basically

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