RBC Chief apologises for replacing employees with FTs


Why should apologies be due to sinkies in sinkie land?

Didn't sinkies put their foot in their own mouth and shot the foot when that was in own mouth?
Fucking LKY and his maggots did not put themselves into power.

SINKIES WITH NO FUCKING BALLS VOTED AND VOTED AND VOTED THOSE MAGGOTS IN WHITE AND LKY INTO POWER
MAGGOTS IN WHITE SCREWED AND FUCKED SINKIES OF 800++ BILLIONS INTO LKY STINKAPORE SOVEREIGN FUNDS AND THEIR OWN FUCKING PAY.
MAGGOTS IN WHITE IMPORT FTS BY THE JUMBO PLANE LOADS TO BE 3RD CLASS DISPLACING SINKIES INTO 4TH CLASS.

WHY SHOULD APOLOGIES BE DUE TO SINKIES AS THEY VOTED AND VOTED TO BE SCREWED AND FUCKED BY MAGGOTS IN WHITE AND GET SHIT THROWN INTO THEIR FUCKING FACES.
 
It is important to understand what the RBC chief is really apologising for. Note his statement:

The question for many people is not about doing only what the rules require – it’s about doing what employees, clients, shareholders and Canadians expect of RBC.

In RBC's case, the management did a clumsy job, goofed and revealed their cards too early. In fact, the world over, many MNCs have embarked on Business Process Outsourcing fairly successfully, meaning they managed to escape a bad Press. Asking the local staff (who has been told he'll be laid off) to "train" the BPO chap may be bad enough, but the BPO chap being an Indian with a strong Indian accent is a real smoking gun and clearly will set off alarm bells, which it has.

I am not in favour of what RBC has done one way or another. This paradigm of BPO globally has caused a lot of local jobs to be lost in the host countries, and to add salt to injury, mostly have gone to India, and enriched -not uplifted India as a whole - a group of self-serving Titans (Tata, Infosys, Wilpro etc). One wave after another, BPO has first taken away millions of manufacturing jobs to China, and then services jobs to India, and this has created massive structural unemployment in first world countries like U.S. Canada, U.K. France, Australia etc. among first blue collar workers, and, since the last decade, PMETs. I hope Main St. everywhere is finally awakening to this evil, nec in corporate capitalism (Ayn Rand's junkies must be very triumphant) but evil in corporate citizenship as the RBC chief has conceded. I also hope our protest will go louder at Hong Lim Square and reverberate deafeningly in our Central Business District and boardrooms. Many of these chaps do BSC -Balanced Scorecard, but how many seriously pay attention to CSR - Corporate Social Responsibility. Our Old Man is a member of JP Morgan but instead of cultivating the JP Morgan's board towards CSR, he allows them to turn our GIC, TH, GLCs into money-grabbing robber barons without accountability and transparency.
 
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The greatest culprit of the huge influx of foreignors PMETS taking local jobs is EDB.

EDB has never imposed a requirement of minimum locals in their conditions when granting tax incentives to these foreign companies setting up in Singapore.

So, for eg, EDB grants 15 years ZERO tax incentive to MNC. It just impose a condition that it must hire 400 professionals WITHOUT specifying a minimum requirement of LOCALS that the MNC can hire.

EDB ought to be shot.
 
The Singapore Govt should withdraw benefits given to those foreign investors or MNCs who killed jobs thru BPO without creating knock-on new jobs for locals. After all, these companies come in to enjoy our perks, tax haven status, sound infrastructure that has been built up by the blood, toil, tears and sweat of local citizenry, and therefore must continue to contribute to our economy while improving their own bottomlines.
 
The trouble is with their KPIs.

The greatest culprit of the huge influx of foreignors PMETS taking local jobs is EDB.

EDB has never imposed a requirement of minimum locals in their conditions when granting tax incentives to these foreign companies setting up in Singapore.

So, for eg, EDB grants 15 years ZERO tax incentive to MNC. It just impose a condition that it must hire 400 professionals WITHOUT specifying a minimum requirement of LOCALS that the MNC can hire.

EDB ought to be shot.
 
Exactly, I like this statement very much.

In many incidents, they said they followed rules of law.
(Recent cases: AIM, bicycle, 8-months bonus of tax payer money to a RC guy etc.)
But, how about their role in serving people (citizens) and morale leadership?

That statement answers very clearly of what people expect the government to perform.
Definitelt it is not GDP growth, or each ministrial KPI.


The question for many people is not about doing only what the rules require – it’s about doing what employees, clients, shareholders and Canadians expect of RBC.
 
The greatest culprit of the huge influx of foreignors PMETS taking local jobs is EDB.

EDB has never imposed a requirement of minimum locals in their conditions when granting tax incentives to these foreign companies setting up in Singapore.

So, for eg, EDB grants 15 years ZERO tax incentive to MNC. It just impose a condition that it must hire 400 professionals WITHOUT specifying a minimum requirement of LOCALS that the MNC can hire.

EDB ought to be shot.

Wrong! The PAPpies should the one to be shot!
 
Business in sinkapore has the full blessings of the PAP government to bring in as many foreigners as they wish. The goal of 6.9 million in 2016 is very much in play. It is not a target, it is a realization goal.
 
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