The price of low penalties on SMRT and CEO will not lead to improvements

[Confuseous]

In this scenario, assuming a 44-hour, 50-week work year for the average Singaporean, the economic cost of this disruption would be ~S$760,000. And we should emulate IRAS’ excellent model in imposing a penalty of 3x the cost. Therefore the penalty for the latest circus should be S$2.28 million.

The 20th September disruptions affecting 26,500 commuters over 4 hours would have attracted a penalty of ~S$8.67 million & these cumulative penalties might just have made a dent to SMRT’s 2011 forecast S$161 million profit. Hopefully, these substantial financial penalties would have ignited key institutional shareholders to overcome management inertia.

- http://theonlinecitizen.com/2011/12/smrts-penalty-for-failure/

 

[halsey02]

The head of the organization should have their Bonuses & whatever benefits for the Financial year, Christmas, Lunar New Year, witheld until further notice & after Foreign Experts have done a major study on why the system fail; which will be 12 months or more. Fair!?

 

[lianbeng]

lianbeng asks, "how come that rear admirer not on board when such things happen?"

 

[halsey02]

lianbeng asks, "how come that rear admirer not on board when such things happen?"

He is in Kampucea, checking the 'joints' ha ha ha you must be daft, before he boards the train, the CEO of the SMRT etc will be informed. You really believe that he, on his own, checks the Train service or bus serivice or check the bus stops , the interchanges?. After yesterday, he would be more afraid & get a plethora of security, seen or unseen following; when he 'wayang' taking the trains.

 

[batman1]

For God's sake,get someone CEO who knows about locomotive,speed and safety to be in charge ,not some CEO who is ex-DFS salegirl HJ buddy chemistry graduate who is out of touch with the daily operations of the MRT system in Singapore .Or Do we really need an accident with lives lost before they will wake up and take action now immediately ???

 

[halsey02]

For God's sake,get someone CEO who knows about locomotive,speed and safety to be in charge ,not some CEO who is ex-DFS salegirl HJ buddy chemistry graduate who is out of touch with the daily operations of the MRT system in Singapore .Or Do we really need an accident with lives lost before they will wake up and take action now immediately ???

You mean one that knows this?

"choo choo train, coming down the tracks...One way ticket, one way ticket, to the moon" oooh!! ooh!

 

[jw5]

Even high penalties on smrt will not lead to improvements.
The ceo will still collect her pay.

The only way is to sack the ceo or impose high penalties on her personally.
Just watch how the new ceo or the fined existing ceo wake up their idea.

If this doesn't happen, then put political pressure on the elected representative in charge of transport.
Will we ever learn?