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What was moron Desmond Kuek thinking - expanding overseas?

frenchbriefs

Alfrescian (Inf)
Asset
"10 CEOs Who Have Seen Military Combat"

Ours are paper 'NDP' generals. Bad examples.

not only that the article said that the number of boardroom generals has dwindled from 58% to 8% from the 1980s to today,this shows that having a junta like corporation is not proven to be very effective and companies are no longer run like a military like in the past tradition.
 

palden

Alfrescian
Loyal
He is faring better than the average stinkees. If he is moron, the we are retards.
It shouldn’t have even tot of bidding because SMRT’s market capitalisation of S$2.3bn was only 30% more than reported bid price.. It’s finances are not in great shape either. At the end of its last financial yr, cash flow was negative and gearing stood at 65%, while it also suffered its first loss in its fare business.

It also has operational problems here.

So what were the ex-scholar and his fellow ex-SAF officers thinking?

Plenty of things to do in S’pore (including more reliable service) and it doesn’t need any distraction abroad,”

And going abroad in a political nightmare for the govt and SMRT: if it loses money, S’poreans will be screaming (rightly) that the public is subsidising their failure overseas.

The investment bank that brought a proposal to SMRT to bid should have been sent packing immediately, not entertained enough so that a staff member would leak that SMRT was planning to bid.

http://atans1.wordpress.com/2014/10...unaffordable-coes-should-make-sporeans-happy/
 

frenchbriefs

Alfrescian (Inf)
Asset
He is faring better than the average stinkees. If he is moron, the we are retards.

just curious,where and when does it show that Desmond kwek is faring better than the average sinkies in terms of business and finance?does he have a proven track record?im pretty sure theres plenty of intelligent and acute sinkie businessmen and financiers out there.

just because ur a retard dont lump the rest of us together with u.

this moron kuek is biting off more than he can chew,hes never had a million dollar business blow up in his face before let along a billion dollar enterprise.he better be prepared when the time comes....maybe we get to see our first paper general jump onto mrt tracks.
 
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