Monday, February 9, 2009

Even Ho Ching is joining the unemployed

Times are really bad when even Ho Ching, the 3rd most powerful women in Forbes' 100 most powerful women list is becoming unemployed come this October. 

Her post as CEO of Lee Holdings Temasek Holdings will be taken by Charles 'Chip' Goodyear. Her past achievements include assisting the demise of Thaksin Shinawatra with Temasek Holdings' purchase of Shin Corp, spectacular collapse of Micropolis, fallout of ABC Learnings and the bigger-than-budget, now smaller-than-peanuts, purchases of stakes in Merril Lynch, Barclays, Bank of China etc. Indeed, her wide-ranging talents and experiences will qualify her to be part of the A-team for the PAP in the next general elections. Some even want her to be our next president

I hope she can find a job soon, being a Singaporean. As people know about Singaporeans, we have 3 great characteristics. Kiasi (scared of death), Kiasu (scared of losing) and Mai Sia Suay (don't malu). How can our most powerful woman and 3rd most powerful in the world don't have a job. And cannot be any humpty dumpty job like selling bbq chicken wings. It must be a job that pays a competitive multi-million salary so that we can retain a talent like hers. If not our security will be at risk and Ho Ching might become a maid in other countries

Maybe she shouldn't work and retire early. Does the government welcome this? Their idea are for citizens to work and work until they drop dead. Active aging citizenry, always contributing to the economy. As a leader of our society, Ho Ching cannot retire also, she must set a role model for all young aspiring Singaporeans. I say she should become a financial planner. Help all Singaporeans plan their finances, rich or poor. But everyone must be prepared, the investments she make will have to take a long term view!

So can Mr. Charles 'Chip' Goodyear bring Temasek Holdings foward? bbqchickenwings don't know much about him la. bbqchickenwings think that it is recession now, so must find people who are cheap (chip) and good, even for Temasek CEO. Cannot find any talents in Singapore, so import another FT to take the job. I wish him luck, I really do. Its not so funny when your government reserves are dwindling and no knows how much.

6 comments:

  1. Ho Ching has been retrenched? Casualty of the economic downturn and serious recession? Then the rest of us expect even worst things to come. We are in a grave situation!

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  2. Do not worry anon, we have a A-grade government to lead us out and we will have our Swiss standard of living in no time.

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  3. Not to say .. we are in the Golden Period. Singapore can't be any better.

    I am curious why the Job Credit Scheme did not save her from being retrenched.

    Isn't it the miracle to cure all problems we have?!

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  4. Jobs Credit Scheme works better for low wage workers I think because its a higher proportion of their labor costs. Not wanting to speculate how much she earns but I guess the JCS constitutes too small a percentage of her salary. Save much more money with retrenchment and if the replacement is cheaper.

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  6. hi there,

    would you like to exchange links? I can add you on soccerblog.sg and lakopi.net

    drop me an email at laujiarong@gmail.com if you're keen. Thanks

    ReplyDelete