At least, we know the value system that you possess - 'MONEY' above 'LOYALTY'.Originally posted by CenturionMBT:And if we reduce our saleries of the ministers to a 4-5 figure sum, who do you think will want to be ministers? Hey, it is a money oriented world now. You work for money nowadays, loyalty comes second.
Is it so difficult for any Minister to 'pull the wools over any one's eyes ?'Originally posted by stupidissmart:
Some corporations experiencing losses from their core business, will attempt to cover up these losses with more activities in non-related business - such as selling off some assets to improve their cash positions and reflect 'PROFITABILITY'.
The successor can only continue with the show, and the last man at the helm left with no more assets to dispose off, will have to think smart and pray that the cash that have been realised with all the past Assets Sales would have been put to better use - so as to achieve REAL PROFITABILITY. [/quote]
Wat will most people think after reading this paragraph ? Literally speaking, u r trying to sugest tat the more assets they sell, the more the company show profitability. The successor with no assets to sell will be the one with the big probem at hand and may either sink or swim.
However from the website u have given me, window dressing isThe PROFIT made by the company remains the same. It is still how much they earned and increase their total assets within this period of time. Window dressing is they sell lackluster shares and buy in stellar performer. During tis time, the profit margin remains the same. Why they do it is just to give people a wrong impression tat they have made a good judgement and buy in shares tat had rise tremendously. However the numbers in the profit margin is still nevertheless true. The loss margin will still remains as losses. [/quote]
So they will sometimes sell lackluster investments they have held for a while and buy recent stellar performers - just so their holdings on the day of record look good.
Your understanding is just a little bit correct, and I am not sure if you actually understand the referred material that had your attention, or if you had only taken the example litterally.
To make it simpler for you to understand the concept of 'Window Dressing' - it is a practise in which the Directors of a business will make any effort to COVER-UP the WEAKNESS of the CORE BUSINESS, so that investor-shareholders' confidence will NOT be affected.
If the core business is in motor vehicles,and for some reason the business volume is very low for 2003, the Directors can cover this weakness by selling off a warehouse that is not needed.
The proceeds from the sale of this warehouse will definitely boost the cash position and the Bottom Line in the Balance Sheet and Profit & Loss Statement. If investors-shareholders do not pay any attention to these Accounting details, then this 'WINDOW-DRESSING' exercise by the Directors will achieve in 'pulling the wools' over the eyes of the investor-shareholders.PriceWaterhouse:
Creative accounting and off-balance-sheet activities
http://www.pwcglobal.com/extweb/manissue.nsf/DocID/0011F785F025C633CA256C3E00284C77
Income Smoothing Policies and Accounting Disclosure in Italian Banks
http://www.bham.ac.uk/EAA/eaa2000/piz_gaet.htmcontinuing post by stupidissmart:
So with tat in mind, do u still think tat it is easy to reflect profitability ? If a minister is performing in a certain department, do u think tat it is easy to pull the wools over ones eyes ?
Do you have a problem of understanding here, or is your intention not correctly conveyed across in print ?I think u r the one tat have the wrong understanding here, or is your intention not correctly conveyed across in print ?
Are you having a 'miracle' problem by asking about the fact that 'there is at least a million other people with the same humble beginning but cannot excel as much. Isn't tat considerd as a miracle ?'
I see it as being quite normal that 'at least a million other people with the same HUMBLE beginning but CANNOT excel as much - THIS IS NOT A MIRACLE.
Do you consider this a miracle ?
Do you need me to list more examples of non-graduates who make it to become C.E.O's of successful companies ?
I would think that it is a 'MIRACLE' for non-graduates to become successful C.E.O's of successful companies.
Why is Macdonald story so entertaining is because it is about creating miracles. And miracles r called miracles because it is near impossible for it to happen.So I asked, how many such people can u find in this world compared wth the many others tat did not ? [/quote]
continuing post by stupidissmart:No one is disputing the fact that 'qualification of the people is still important' but that is not necessarily the beginning or the only road to be a successful entrepreneur.
Qualification of the people is still important. Employing and observing performance of scholars is still relevant in today's world. If u don't, it will take a miracle for u to be as successful as tat macdonald CEO. I do not deny the existence of a few, I am questioning about the likelihood of it occurring to u and me. So wat is your point then ?
Why do you continue to swing this discussion 'Off-Topic' ?continuing post by stupidissmart:
Ecellent academic results from 'hard work' that shows 'commitment and undying perseverance' does not necessarily help a Scholar to be a successful person in any other fields.
Their success in academia may confirm a certain degree of intelligence or capacity to learn, store and retrieve information, but not necessarily make every excellent Academic understand every complicated theories. [/quote]
BTW u had made a spelling error on the word excellent... should I write a para about it ? Hmm...
If u agree people tat r good in their studies have the following traits, then will u agree people tat failed utterly in studies, generally speaking will shows they have a poorer abilities of the above ? [/quote]
Hmmm, would you believe it, if I tell you that it was left intentionally to bait you for a response ?
You fell for it with the enthusiasm of a child seeking redress for a wounded pride (?)
Seriously, there were a few spelling errors from even some of the best thinkers in this sgForums, but nothing quite like those who do not make any effort to clear up a wrong referral that is repeatedly made when SPECIFICALLY intended for a PARTICULAR point.
'C.O.E' being preferred OVER 'C.E.O' - in several posts - when the actual intent is refers to a 'Chief Executive Officer', and when the acronym is so obvious.
By the way, if you are still counting it is '4' para still, but including this last short one then it becomes '5'.continuing post by stupidissmart:If u know a scholar well, u will know tat they compare their performance with other people regularly. Studying is actually a competition among the students. Who is performing better ? a person getting a B while the average grade of the exam is F of a person with B while the average grade of the exam is A* ? U sure in studies there is not competition at all ? [/quote]
Neither does it take a person with excellent academic results to appreciate, understand, and cope with competition, and responding to excel over competition.
Would you like to start a new topic on the abilities of Scholars versus Non-Scholars and the comparison of abilities and achievements that each can have ?
Does one's academic success indicate one's ability in Life ?continuing post by stupidissmart:But then the ability between a scholar and a non scholar is different. Or at least more the ability of a scholar is more easily detectable. If someone has to make multi million decisions, who will u choose to make it ? Scholars or non scholars ? [/quote]
The efforts of a 'Scholar' is no different from that of a 'non-scholar'.
The difference is only in the Size of Financial Value in the achievements or the failures that can be attributed to the Scholar, or to the non-scholar.
The Scholar can make multi-million dollar blunders - as in decisions to invest in a Hard Disk Drive business when it is a sunset industry - and the money is not necessarily his or HER own.
It is not a matter of deciding who is a better candidate - a Scholar over a non-Scholar - to handle multi-million dollar decisions.
It rests on the experience, character, aptitude and attitude of the person to act as a Leader in a Team, and how as a Leader he or she receives the counsel and advise of the Team.
Was Lt Gen Winston Choo (Rtd) a Scholar, when he is responsible in building up the SAF with multi-million dollar contracts for the first 15 years of Singapore's independence ?
Was Mr Sim Kee Boon - the Chairman of Keppel Corp - a scholar ? Yet he is trusted by the Government for his vision, calmness, strength, patience, team spirit, determination and decisiveness when the call comes
Is Mdm Ho Ching a Scholar ? She was reported to be from Stanford, graduating as an Engineer, and she certainly had her fair share of financial adventure, with the spectacular multi-million dollar loss in her decision to invest in Micropolis Hard Disk Manufacturing.
Spectacular Achievers will make Spectacular Success AND Failures will be on a VERY SPECTACULAR SCALE.Whither Singapore Inc.
http://fox.rollins.edu/~tlairson/sm/singinc.html
Who is handling our Reserves ?http://www.sfdonline.org/sfd/Link%20Pages/Link%20Folders/01Ds/160601.htmlcontinuing post by stupidissmart:Sure it is. But if u r a company recruiting new people, how do u know who has the ATTITUDE and APTITUDE required ? Though studies may not be an effective guage, there is no other guage we can rely on. Telling me all these stories above is pointless. My question is if A and B, both with no working experiences are seeking a job, how will u chose who is more capable ? From wat I know, most people will choose qualification. Wat will u choose ?
By your standard, late starters like Albert Einstein would not have a chance in Life.
Bill Gates would have been shown the door, and Steve Jobs would not even get to bite his Apple.
Little wonder that Sim Wong Hoo, a Polytechnic qualified technician, could not get any support from DBS Bank or EDB, and had to start his business in the USA.
Goi Seng Hoi was also a technician, servicing machines before he was offered the opportunity of a Life time to buy over the business that bought the machines he had designed, built, and maintained.
Academic results is only a small window to a person's ability.
It is the ATTITUDE and APTITUDE of a person - towards ALL THINGS - that makes a person successful in meeting all the CHALLENGES FACED IN LIFE.
Is there any point in telling you anything at all when you have already made up your mind in your acceptance and strong belief of the Government thrust that there is limited TALENT in Singapore.
Is there any need to go any deeper into this subject that you constantly create that has no relevance to the Topic.
It seems like you have never been involve in the process of recruiting anyone as part of your job portfolio, which explains the position that you have taken.
I doubt if it will be beneficial to try to educate you on the processes available, and would recommend you to brush up your readings on Human Resource Management - with particular reading on 'What NOT to do in a Recruitment Exercise'.continuing post by stupidissmart:[b]From wat I knew, Blair is a lawyer. Bush is a Master of Business Administration from Harvard Business School in 1975. Thanksin has a doctorate in his hand too.
Will you consider Bush and Blair remarkable in their studies ?
How about Saddam Hussein, Idi Amin ?
Suharto ? Megawati ? Mrs Aquino ? Thaksin ?
They are not small time politicians, but political leaders of their respective countries. Were they remarkable in their studies ?
http://www.whitehouse.gov/president/gwbbio.html # Bush
http://www.britannia.com/bios/blair.html # Blair
http://www.encyclopedia4u.com/t/thaksin-shinawatra.html #Thaksin
Of course there were politician tat were poorly educated. They rise from their ranks because they r great soldiers. Saddam Hussein, Suharto and Mao Te Tong r examples. R they good politicians ?
continuing post by stupidissmart:Holding the old policy for too longÂ… is it true ? Even if it is, is it easy to pull out of an existing policy at the precise moment ? [/quote]
This 'Old Policy' of limiting the number of people into the Singapore University had been stubbornly followed by the Government for too long, and has affected too many Singaporeans to spend life savings to send their children to be educated in overseas Universities.
The 'Old Policy' was POLITICALLY and ECONOMICALLY MOTIVATED to achieve the undeclared agenda of the Government, but made quite obvious in their public actions - such as the implementation of the Suitability Certificate, the limited quota for certain courses, the manipulation of cut-off points for certain popular courses to redirect interests into areas that meet manpower demand from the Economy.
What is the purpose with 'Knowledge' but to improve one's ability to handle the challenges in Life ? Life will encompass all areas including economics that cover commerce, and industry.
We are back into one full circle, having returned to the economic malaise that we faced during independence - CREATING JOBS FOR SINGAPOREANS.
Yet, this time around, the Government seems to be awakened that with a LARGER NUMBER of MORE KNOWLEDGEABLE PEOPLE, Singapore stand a better chance to RUN the LONGER TERM RACE.
We now have more Universities, but Polytechnic Students upon graduation, remain blocked in further studies in local universities - even when ESTABLISHED Overseas Universities accept the qualification of our Polytechnic GRADUATES.
continuing post by stupidissmart:Does one measure the quality of the University by your stated criteria of 'STRICT ADMISSION' Policy - so the more numbers of applicants rejected will reflect the high standards of the University ?
Note we too have to improve on the quality of our 2 UÂ’s in order they be recognized as reputable University. How do people guage whether is a university good or not ? One criteria, is the number of students being selected from the total number of people applying for it. Tis is important as it gauges the standard of the students in the university. The 2 Singapore University always has a bad score for tis item because there r TOO LITTLE people here. The 2 Universities can churn out thousands of students a year, which probably make up 10-20% of all population born tat year. The ratio is already 20%, which is too high. It is the school policy to selectively pick people so tat they can become world class university. If u fail to get a place, it just means u arenÂ’t good enough for tis university.
continuing post by stupidissmart:You must be deluding yourself if you believe that our NUS and NTU is equal in status and reputation to Harvard, Tokyo, Beijing or even Oxford - simply due to the fact of a tough admission standard imposed onto our prospective local applicants.
However u must be good enough to be selected. In my knowledge, when poly graduates r going into NTU engineering, they r already sinking heavily as they canÂ’t cope with their studies there.
Reputable university ? I want to know if they can get into FAMOUS university since the reputation of the university in Singapore arenÂ’t tat bad either. Can poly students get into Harvard or Tokyo or Beijing or Oxford university ? Why donÂ’t u tell me the names of the reputable university tat accept people from our poly ?
Originally posted by CenturionMBT:And if we reduce our saleries of the ministers to a 4-5 figure sum, who do you think will want to be ministers? Hey, it is a money oriented world now. You work for money nowadays, loyalty comes second.
'Government can create jobs for the people' ?Originally posted by NoPoint:I am not as educated as most of the regular posters here. Neither do I pay much attention to the shift in the goverment cabinet. (I do keep track of the laws and regulations thou as it does affect my daily life).
I just want to say this.. I wanted to put this with my other post but I am afraid it might go into the X-Files (Missing).
The goverment can create jobs for the people, however it is the people who has to save their own jobs (most of the time). Perhaps we should review how we treat our EMPLOYERS and our COMPANY? A comparison has to be made between our workers and workers found in more attractive locations.
continuing post by NoPoint:While automation can affect the employment situation, it remains a necessity to maintain higher Quality with the Quantity and Speed in output - that only increases the Productivity per person employed.
Due to the automation process, the demand for manpower has drastically being reduced. We are going to find more jobless people around.
continuing post by NoPoint:With the Government EXPECTING everyone to only be OBEDIENT, and to have CONTROLLED INITIATIVE that only do and think what is acceptable to the Government, do you expect workers/students to THINK ?
Most of our workers/students just follow the trend. We should predict the trend not follow the trend. Right now, we are playing catch up. Trying to catch up with the medicine industry.
I believe not many will know why the trend is what it is today. They are just blindly following. (Like bubble tea and luo han fish).
Deja Vu if you ask me.. (doctor saturation, lawyer saturation... scenario)
Who is the one that ACTUALLY put the bread on the table ?Originally posted by NoPoint:I don't know how to reply your post. You have not fully replied to my post. Only certain points are touched on, only one side is painted black. It takes 2 hands to clap.
If goverment doesn't create jobs... who does?
continuing post by NoPoint:Cannot be of much help with your memory that are fed with inputs from slanted visions that view the world at preferred angles.
Edit: Opps I forgot bout the goverment retrenching part. Recycling doesn't work very well when you have to pay wages with taxes.
continuing post by NoPoint:Will be quite happy to share the benefits of my education, but I will need to know which part of my conclusion that your self-admitted supposedly 'uneducated mind' failed to grasp.
And the points you have raised is interesting, some are facts. Some, well due to my uneducated mind. I do not understand how you get that conclusion.
continuing post by NoPoint:An uneducated mind does not make one an 'idiot'; but one certainly does become an 'idiot' if one cannot read the simple text as stated, and decide to read more than what had been printed.
Funny that by using automation, it reduces the margins of error and more efficient execution of workflow. It degrades quality and lowers productivity? I know I am not very educated, but that doesn't make me an idiot... does it![]()
continuing post by NoPoint:While a 'dog' is a lovable and loyal animal, some are trained specially to be vicious attack dogs, if your limited education had not exposed you to this fact.
Last part, com'on. We fear the dog? Yes there are certain things that are out of bounds. But your accusation doesn't stand in what I had written. HMm does the dwelling population, the goverment's policy for more child birth ring any bell in your head? Look, I didn't write to start a revolt or strike.
continuing post by NoPoint:Now I wonder who should be taking this last bit of advise ?
What you wrote sounds like this to me: If goverment want doctors, you must study to be a doctor or the ISD will pay you a visit?
Was my writing that severe, or was it (again) your own slanted vision of seeing 'what you want to see' that caused you to come to your stated understanding ?
Could you not see that 'if Government want doctors, you must study to be a doctor', as you have little choice to do so when the University will raise admission standards and tighten the quota to certain courses (law, engineering, arts, etc) so as to achieve the same objective in [b]subtler ways.
Now you are too quick in judging our very Talented Government.
[quote]continuing post by NoPoint:
Maybe you should try READING what I have written before you post a reply.
The least you could have done, is to do yourself a favor by putting a pre-emptive warning to readers that the X-Files you posted has 'NoPoint' at all.Originally posted by NoPoint:Some points like the X-Files do not concern you at all, in fact it wasn't address to you.
continuing post by NoPoint:You provided the ANSWER to the questions that you posed, and then you deny yourself the ANSWER.
You are a typical whining employee ain't you?
Who put bread on the table? YOU.
Who brings the bread to you? NOT YOU.
continuing post by NoPoint:Your style of debate seems to be modestly polite, and yet shows your own conceit in some false bravado manner.
You speak as thou you know how the goverment works, maybe you DO know your MPs, ministers etc etc. I don't. I suspect you are clueless to what goes on between the goverment and our private sectors. I can't say I know everything, but I do know abit of what goes on in the private sector and the goverment's work.
continuing post by NoPoint:How can you even try to be OBJECTIVE, when you DO NOT LIKE the current policies as much as I do (do I like them at all?); and even maybe YOU HATE those policies even more than ME ?
I do not like the current policies as much as you do, maybe I hate it even more than you. However I try to be objective.
continuing post by NoPoint:With your kind of low educated intellect, can you even understand the roles of being Employers or Employees ?
Have you been a employer before?
Have you had any employees working for you before?
Have you ever put yourself in the shoes of your employers?
continuing post by NoPoint:Thank you for your compliments, although I will take it at your false face value.
I doubt you ever did. You probally too caught up in the FREE the slaves movement. I suggested a change in mindset, you put it down. Go read up on the history of our job market, maybe you will not be so clueless.
continuing post by NoPoint:Is there a need to even put on a false front - whether with an admitted low educational level, or a Havard paper ?
My purpose of putting low educational level there is to let the layman like me know that I am speaking from what I observed and found out. And not some nut who went to Harvard and returned to babble some analysis and theory.
continuing post by NoPoint:Why bother with the Mods ?
Like it or not the goverment has managed to create jobs. At what expense however I will not touch on it. I have a feeling that it will be deleted by Mods.
continuing post by NoPoint:Did you even raise the issue of 'worker's attitude' anywhere in your previous post ? Did I slipped by this issue in my response ?
What has not been touch on? The worker's attitude. You want to tell me our mightly sales staff is better than those in Japan?
continuing post by NoPoint:What has patriotism got to do with Employers taking on LOCAL employees or not ?
Unless your company serves local corporations, I do not see any reason for it to stay here. Why don't you convice me why local corporation must hire locals? (Other than being patriotic).