Originally posted by shade343:
Yes, you trusted the govt with your money. The govt has decided to maximise your money and grow your money for you. So what is wrong with that?
And again you ignore the track record of Temasek. They have acheived 18% total returns since inception. Temasek top management people consist of Senior fund managers and experienced CEOs of listed companies like Koh Boon Hwee. Ho Ching herself is an economist and an engineering graduate. Are they not people with entrepreneurship and investing experience?
This set back will erode the profits for FY2006, but does that mean everybody on Temasek board of directors should resign? I would think that the entire board has learned a valuable lesson from this set back and as such it does not make sense to demand the resignation of the BOD in Temasek.
At the end of the day, Temasek Holdings is still liable to its shareholder.
Who are these ''Shares Holders''.
Would Singapore allow foreigner to own Singtel 99% indirectly?
Why in Temasick?.... ''reputated people with integrity'' were doing this sort of wierd arrangment by going through ''X & Y'' companies to buy over shincorp and with insatiable appetite?
Don't they know that all countries have their own rules and regulation for foreign investment of ownership.
I find something is very wrong with elites in tomasick of their moral, honesty and integrity.