Re: ST Engineering CEO suffers stroke after watching his shit products at NDP rehears
FRankly speaking, I don't like anyone from ST Engineering, especially the CEO. THis is the worse organization when it comes to sucking taxpayer money and wasting it. This company sucks up $ billions of our money for their R & D and money losing products and ventures. This fucking CEO that got the stroke is paid a base salary of USD$3.5 million per year and that does not include any bonus or stock options he might have. This company would have been bankrupt decades ago if not a GLC. Its products are all shit and very little exported (other then the Bronco). Since the SAF has to purchase from them, you can be sure the SAF is paying 25% more then any other country for basics like ammunition and what not.
The Bionix is a POS that can't be sold elsewhere, and same goes for the Terrex. The few exceptions in winning orders has turned out to obtained due to corruption like the Pegasus Howitzer sale to India. Frankly, the singapore taxpayer would have been saved billion of $ if it procured equipment at the market, or entered license manufacture for the equipment. For example, why spend $ millions developing the bullpup assault rifle SAR-21 when an established bullpup the Asutrian STeyr was already under license manufacture in Malaysia, Australia, as well as from the parent company. There is no reason why we cannot license manufacture the Steyr if they wanted a bullpup. Nothing ST Eng makes is specialized for Singapore, and its not anything we couild not have gotten cheaper elsewhere.
This fucking CEO and for that reason most, if not all, of the management there would have seen (if they are honest with themselves) that their products are inferior in many cases and more expensive in most cases than what is available elsewhere. Yet they continue to collect their nice paychecks and keep quiet. I have never once heard of a MINDEF or AGO or ST Eng personnel question the need for this or that weapon system. Its a parking ground for retired SAF Col and Generals and really a chiak liao bee org.