Originally posted by ibanana:
Dear brudders,
Let me go straight to the point.
I am no big fan of TT Durai.
However, i feel several allegations has been overblown and sensationalised.
Why is a $1000 gold tap expensive??
When was the last time your house change the tap?
I have lived in the same house for 20+ years and we've been using the same tap.
Assuming the tap can last 20 years. If you amortise the $1000 gold tap over the same period, it only costs 13cts per day.
How much did you spend on kopi today? Assuming 1 cup at 70cts.
So how is a gold tap that costs 13cts per day expensive???!!!!
Also, if you work 7 days a week, 13 hours a day without rest.
Would you think you deserve $600,000 a year payroll?
If you do, then why is it expensive to pay Mr TT Durai $600,000 for the same???!!!!
"oh but NKF is a charity organisation"
Well, if you continue to use that argument, it wouldn't matter whether the staff is paid $6000 or $600,000 because it is still donors' money anyway.
So you might as well ask people to work free since it's donor money, cannot spend on salary.
You want the charity organisation to be run efficiently, as professional as a private organisation, but you want people to work free. How to? Why don't you go volunteer to work free for NKF.
How many of you are even volunteer of charity. So please, talk is easy. Arm chair critic is the best job in the world.
Let me get straight to the point... the main issue here is not abt the 600k, NKF is not a government organization... if T.T Durai is worth every cent that he is.. then 600k is reasonable for a CEO.. although still overpriced..
But that is not the main issue..
THe main issue are:
1. He DECEIVED the public.. he inflated kidney patient dialysis numbers to obtain greater amounts of sympathy in the form of donations... he is extremely reluctant with revealing the amt he is paid and the fact that he flies 1st class...
2. His duties as CEO of the company is to act in the company's best interest... and that is to maximise usage of the donor's money for the kidney patients.. yet in this case he is acting purely for self-interest.. this is evidenced by the following:
i) Fear of revealing the fact that his gold-plated taps are for his private use, the gold taps are not the issue, its his RELUCTANCE to admit that its for his private use
ii) The manipulation of his board given "entitlements" to fly 1st class in other airlines using the inflated price of SIA's business class
iii) Him suing SPH and earlier on another member of the press in 1992, hes suing someone for revealin the truth, the truth that self-interest has taken precedence over that of the company's.
The list goes on of the many things he did under the guise of "in the company's and donor's interest" such as the directorship of SEVERAL OTHER COMPANIES as well as the usage of NKF's funds for NKF affliated companies which coincidentally he too has a controlling stake in as well..