There has to be a complete overhaul of the human beings, the people who populate this entire chain of command. (Graphic by Dayang Norazhar/The Mole)
Folks all these troubled GLC companies suffer the same problems. They are all run by the same dunggus - all the way to its Board of Directors, their controlling companies and the Minister or Ministers in charge of these entire GLC fiasco companies. Dunggus are in charge and nothing is changing.
It is now beyond the Peter Principle already. The Peter Principle states that "in a hierarchy every employee tends to rise to his level of incompetence". Thats it folks.
These people at Proton, MAS, Khazanah Nasional, their Boards, their controlling companies, their con-sultans, their Senior Managements, the Minister in charge etc have all risen to their highest level of incompetence. They cannot go beyond this anymore. It is going to be yet a continuous series of losses, losses, and more losses. They have hit their ceiling. Just wait and see.
I personally think there is absolutely nothing wrong with MAS, Proton, Khazanah Nasional or any of the other major GLCS. If I were to run them, I am quite certain they can be turned around, make a profit, do not burden the taxpayer and most importantly they provide products and services closer to market prices. Not just me, but I think many of you can also do the same. All you need is some experience and a determination to do things right. And you must not have greasy fingers.
There has to be a complete overhaul of the human beings, the people who populate this entire chain of command. They all have to be removed. Sorry - but the greater good of the taxpayer is a much better option that protecting the narrow and selfish interests of a few lagards, marauders, nincompoops, pirates and even the corrupt who populate these troubled GLCs. They are all in there folks, they have fully infected the system.
Read more HERE.