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On page A20 of The Straits Times, February 17, 2015 titled "Being prepared for the unexpected" the editorial is asking why there's a lack of a clear sucession plan for the Lee Dynasty (or in British newspapers' terminology, the FamiLEE business.)
Thanks to a little bird from the West, I'm happy to answer the above question posed in the ST editorial:
1. Pinky wishes to remain the ruler of Sinkapore for as long as he possibly can, in the footsteps of Old Fart. The latter is over 90 years old and is still making important decisions behind the Iron Curtain. Ask yourself: which dictator you know of willingly relinquishes power, money and influence to a generation of new leaders? Fidel Castro is still the much-feared dictator of Cuba while Kim Jong-Il remained the Dear Leader of North Korea till his death.
2. In the words of Old Fart--and these are his words, not mine--Pinky was chosen to be the successor only because he is able to continue Old Fart's leegacy (a/k/a legacy). Clinging on to power, money and influence is one of the salient features of his leegacy.
3. Old Fart has a deep mistrust of those who are NOT part of Familee to run the city-state and the two sovereign wealth funds. He was the one who decided that the angmoh--the sole candidate for the position of CEO of Temasick--was unsuitable.
4. Teo CH and Kee Chiu can only be seat-warmers for the real ruler of Sinkieland. Who's the real ruler? (see points 2 and 3.)
5. Both GIC and Temasick will be controlled by Familee. Why? (see points 2 and 3.) Moreover, can you imagine outsiders to run GIC or Temasick only to discover massive amounts of funds had been lost during the reigns of the husband-and-wife team?
In summary, The Straits Times editorial is wrong to believe there's no clear succession plan. On the contrary there IS one (refer to the above points.)
Thanks to a little bird from the West, I'm happy to answer the above question posed in the ST editorial:
1. Pinky wishes to remain the ruler of Sinkapore for as long as he possibly can, in the footsteps of Old Fart. The latter is over 90 years old and is still making important decisions behind the Iron Curtain. Ask yourself: which dictator you know of willingly relinquishes power, money and influence to a generation of new leaders? Fidel Castro is still the much-feared dictator of Cuba while Kim Jong-Il remained the Dear Leader of North Korea till his death.
2. In the words of Old Fart--and these are his words, not mine--Pinky was chosen to be the successor only because he is able to continue Old Fart's leegacy (a/k/a legacy). Clinging on to power, money and influence is one of the salient features of his leegacy.
3. Old Fart has a deep mistrust of those who are NOT part of Familee to run the city-state and the two sovereign wealth funds. He was the one who decided that the angmoh--the sole candidate for the position of CEO of Temasick--was unsuitable.
4. Teo CH and Kee Chiu can only be seat-warmers for the real ruler of Sinkieland. Who's the real ruler? (see points 2 and 3.)
5. Both GIC and Temasick will be controlled by Familee. Why? (see points 2 and 3.) Moreover, can you imagine outsiders to run GIC or Temasick only to discover massive amounts of funds had been lost during the reigns of the husband-and-wife team?
In summary, The Straits Times editorial is wrong to believe there's no clear succession plan. On the contrary there IS one (refer to the above points.)