It appears that Singaporeans have extremely high standards and expectations. They think their own people are not good enough for this and that (except themselves perhaps). For examples, their singers are not good enough, their footballers are no good, and of course their ministers are not good enough to run the housing, the economy, the transport system, the education - and the country in general.
Don't valuable their own singers - Stefani Sun was relatively unknown in Singapore while she made a name elsewhere - she sold more than 30 million copies of her albums! For that matter, Kit Chan is also better known and appreciated in Hong Kong and Taiwan than in Singapore.
The Indonesians are willing to pay footballer Fandi Ahmad much more than what he can dream of in Singapore (with house and car thrown in).
How much do Singaporeans value their ministers? What's the opportunity cost of serving as an unenviable minister in Singapore? Wiseman LKY has repeatedly said the ministers can earn much more elswhere than as a minister in Singapore. Let's look at a few examples when the ministers left their porfolio:
Ex-Minister for Defence - Dr Yeo Ning Hong Chairman of Singapore Technologies and Port of Singapore Authority.
Ex-Minister for Community and the Arts - Dr Lee Boon Yang became Chairman of SPH.
http://www.asiaone.com/Business/News/Story/A1Story20111201-313853.html
Ex- Foreign Minister George Yeo - became Vice-chairman of Kerry Group (HK) and Senior Advisor of Kuoi Group (Malaysia)
http://news.asiaone.com/News/AsiaOne+News/Singapore/Story/A1Story20111216-316693.html
Ex-Minister for Transport Raymond Lim - became a senior adviser of John Swire & Sons (S.E. Asia); director and senior adviser of APS Asset Management.
http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_741710.html
Ex-Minister Lim Hwee Hua - director at Jardine Cycle & Carriage, Senior Advisor of global investment firm Kohlberg Kravis Roberts.
http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_721769.html
I am sure these ex-minister will earn much more in their new job than as a minister. And their new jobs do not necessarily have to depend on GLCs or any government associated companies. So less duties and scope but more salary - that's the hard truth!
Perhaps Singaporeans do not know what they are missing not having their ministers until they are gone. Wiseman LKY concludes that Singaporeans are "ignorant"
(“The Taiwanese are ruthless, Hong Kongers are shameless and Singaporeans are ignorant.”)
Don't like the transport system? - the Malaysians would love to have them. Don't like the education system? - the Chinese would willingly pay for them. Don't like the economy - the Filipinos would die to have them. Don't like the incorruptible government - the Indonesians would pray to have someone like the ministers.
Don't valuable their own singers - Stefani Sun was relatively unknown in Singapore while she made a name elsewhere - she sold more than 30 million copies of her albums! For that matter, Kit Chan is also better known and appreciated in Hong Kong and Taiwan than in Singapore.
The Indonesians are willing to pay footballer Fandi Ahmad much more than what he can dream of in Singapore (with house and car thrown in).
How much do Singaporeans value their ministers? What's the opportunity cost of serving as an unenviable minister in Singapore? Wiseman LKY has repeatedly said the ministers can earn much more elswhere than as a minister in Singapore. Let's look at a few examples when the ministers left their porfolio:
Ex-Minister for Defence - Dr Yeo Ning Hong Chairman of Singapore Technologies and Port of Singapore Authority.
Ex-Minister for Community and the Arts - Dr Lee Boon Yang became Chairman of SPH.
http://www.asiaone.com/Business/News/Story/A1Story20111201-313853.html
Ex- Foreign Minister George Yeo - became Vice-chairman of Kerry Group (HK) and Senior Advisor of Kuoi Group (Malaysia)
http://news.asiaone.com/News/AsiaOne+News/Singapore/Story/A1Story20111216-316693.html
Ex-Minister for Transport Raymond Lim - became a senior adviser of John Swire & Sons (S.E. Asia); director and senior adviser of APS Asset Management.
http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_741710.html
Ex-Minister Lim Hwee Hua - director at Jardine Cycle & Carriage, Senior Advisor of global investment firm Kohlberg Kravis Roberts.
http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_721769.html
I am sure these ex-minister will earn much more in their new job than as a minister. And their new jobs do not necessarily have to depend on GLCs or any government associated companies. So less duties and scope but more salary - that's the hard truth!
Perhaps Singaporeans do not know what they are missing not having their ministers until they are gone. Wiseman LKY concludes that Singaporeans are "ignorant"
(“The Taiwanese are ruthless, Hong Kongers are shameless and Singaporeans are ignorant.”)
Don't like the transport system? - the Malaysians would love to have them. Don't like the education system? - the Chinese would willingly pay for them. Don't like the economy - the Filipinos would die to have them. Don't like the incorruptible government - the Indonesians would pray to have someone like the ministers.