Difference between Boss-worker and Employee-worker
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US$200,000.00 per annum is the true market value of world's best employee-category of workers. The US president is paid as an employee and not the boss-worker who are normally business owners or investors who with the supports of profits of the ventures can afford to pay any amount to themselves they like.
For example, Bill gate in his position as CEO of Microsoft is a boss-worker and by virtue of his own business making billions per year may decide to pay himself S$20 billion per year. Wee Chaw Yao may pay himself too say S$12,000,000.00 per annum. Anything wrong?
Other presidents or prime ministers do not dare to equate themselves with CEO boss-worker because they know the distinction between employee/servant and boss-worker. However our ministers in recommending their own pays and benchmarking against pay levels in the private sector seem to have forgotten that they belong to the employee-worker category.
Our ministers seem to be comparing themselves with the like of Bill Gate or Wee Chaw Yao who are in a different category - boss_worker. Certainly our ministers are only public servants who do not invest their own monies in Singapore incorporated and are not boss-workers like Bill Gate. If they have then it is understandable to pay themselves as Bill Gate or Wee Chaw Yao are permitted to do as then our ministers might lose millions of their own monies.
Any self-approval or self-equating of pay level to business CEOs or Boss-workers is also wrongful. Our ministers should get them endorsed by independent people not their own kinds and MPs.
There is a conflict of interest which is strictly prohibited under civil and company laws. The next government may have to put this matter right.
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Welcome to Singapore Inc.
Where its board of directors (PM, cabinet ministers etc etc) decide who to hire (Scholars, private enterise high-flyers, "foreign-talents " ) or fire (opposition party members, "highly" paid local workers).
The board will determine the next business directions should take like football bettings, Postoffices-cum-pawnshops and casino operations. Forget about past lousy investments from fab plants, biotechs and manufacturings.
$$$ is the least concern as their CFO has direct access to Singapore's Inc billion-dollar in treasuries and reserves, CPF accounts and numerous domestic revenues like ERP, IRAS, SMRT, Transits GST etc etc...
And to enhance a sense of worker loyalty to the good of this Company, powerless shareholders like HDB flat owners, CPF members are constantly reminded they "own" their strinking brand-new properties for the next 99yrs or less, which are subjected to conditions determined by the S'pore'Inc property management div of HDB.
My only worry is with such boss-worker mechansim in Singapore's governing institutions, which way this Inc venture will lead to ? The way of Virgin or Enron ? -
The present leaders have long long ago considered themselves to be the leaders of exceptional quality or abilities.Originally posted by Gun:Welcome to Singapore Inc.
Where its board of directors (PM, cabinet ministers etc etc) decide who to hire (Scholars, private enterise high-flyers, "foreign-talents " ) or fire (opposition party members, "highly" paid local workers).
The board will determine the next business directions should take like football bettings, Postoffices-cum-pawnshops and casino operations. Forget about past lousy investments from fab plants, biotechs and manufacturings.
$$$ is the least concern as their CFO has direct access to Singapore's Inc billion-dollar in treasuries and reserves, CPF accounts and numerous domestic revenues like ERP, IRAS, SMRT, Transits GST etc etc...
And to enhance a sense of worker loyalty to the good of this Company, powerless shareholders like HDB flat owners, CPF members are constantly reminded they "own" their strinking brand-new properties for the next 99yrs or less, which are subjected to conditions determined by the S'pore'Inc property management div of HDB.
My only worry is with such boss-worker mechansim in Singapore's governing institutions, which way this Inc venture will lead to ? The way of Virgin or Enron ?
People believe their abiliies up to the 1970s. From that time onwards, the so-called leadership was nothing more than taxing and recovering all government costs to obtain surpluses.
Business competitiveness has dropped to the bottom because of leaders' mistakes in over-relying on foreigners to create investments. Technological excellence is very lacking due to mistakes in educating people to be book worms, to become scholars and earn high salaries from employment, to score high grades neglecting broad-based practical knowledge applicators to train all to become entreprepeurs and technologists and create high-tech jobs.
Look at our schooling and universities. They are academic with students taught on how to pass examination based on out-dated standard and not the advanced industries. If our leaders are capable they should know how to lead all to economic competitiveness.
Our leaders are not interested in producing economic competitiveness but only in taxing and recovering all costs resulting in hardships to all. -
The present leaders have long long ago considered themselves to be the leaders of exceptional quality or abilities.Originally posted by Gun:Welcome to Singapore Inc.
Where its board of directors (PM, cabinet ministers etc etc) decide who to hire (Scholars, private enterise high-flyers, "foreign-talents " ) or fire (opposition party members, "highly" paid local workers).
The board will determine the next business directions should take like football bettings, Postoffices-cum-pawnshops and casino operations. Forget about past lousy investments from fab plants, biotechs and manufacturings.
$$$ is the least concern as their CFO has direct access to Singapore's Inc billion-dollar in treasuries and reserves, CPF accounts and numerous domestic revenues like ERP, IRAS, SMRT, Transits GST etc etc...
And to enhance a sense of worker loyalty to the good of this Company, powerless shareholders like HDB flat owners, CPF members are constantly reminded they "own" their strinking brand-new properties for the next 99yrs or less, which are subjected to conditions determined by the S'pore'Inc property management div of HDB.
My only worry is with such boss-worker mechansim in Singapore's governing institutions, which way this Inc venture will lead to ? The way of Virgin or Enron ?
People believe their abiliies up to the 1970s. From that time onwards, the so-called leadership was nothing more than taxing and recovering all government costs to obtain surpluses.
Business competitiveness has dropped to the bottom because of leaders' mistakes in over-relying on foreigners to create investments. Technological excellence is very lacking due to mistakes in educating people to be book worms, to become scholars and earn high salaries from employment, to score high grades neglecting broad-based practical knowledge applicators to train all to become entreprepeurs and technologists and create high-tech jobs.
Look at our schooling and universities. They are academic with students taught on how to pass examination based on out-dated standard and not the advanced industries. If our leaders are capable they should know how to lead all to economic competitiveness.
Our leaders are not interested in producing economic competitiveness but only in taxing and recovering all costs resulting in hardships to all.