Originally posted by lighthand:
I think you are not really understanding what I mean. Look at it from the view point of their people, if lets say today Temasek took over the controlling interest of a big company that has up to 3000 people under its pay-roll. What will happen if (big if here hor) Temasek should break up the company, strip it of it's most valuable assets and sells it off. What do you think will happen to those 3000 people? Normal business will be a large-scale lay-off rite?
While I don't think Temasek is so bad, in a way I can understand how their people might feel. If some other country's gov was to take over control of my company, I too will feel threaten by it and start to wonder if retranchment is in the cards for me.
if they are going to spend so much money to buy over a big company just for the sake of stripping it and selling it at knock down price, then we can really start to worry about our goverment man.
will you as a businessman spend so much money to buy a well establish company and strip it down and sell it assets at knockdown price or will you ride on the company current position in that country and gain a much more bigger slice of the market?
even if singapore goverment is not that good, they are still not that stupid itself to make such a blunder out of it. shin corp is not the first company to be bought over by goverment own company, their aim behind all this investment is solely to gain profit.
if ever they do, then i really think it time for them to move on and have a new party to govern singapore then. they may not be very good, but defintely they are not stupid enough to make such a mistake.
