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I have said before in my blog I am not averse to companies I am invested in paying their top executives top dollar if they are worth the money. However, when it is obvious they are not worth the money, we should replace them.
I have been ranting a bit on my FB wall recently regarding SMRT after the massive breakdown a few days ago. It has gone beyond being a bit of an embarrassment and mere inconvenience. I think it is really unacceptable.
From my FB wall:
"Highest pay for SMRT CEO ever = Largest MRT breakdown ever?
What is LTA going to do? Slap SMRT with a big fine again?
Who is bearing the burden of the fines? SMRT shareholders!
Why not consider slapping the CEO with a fine?"
Enough is enough. It is time we get someone who can do the job properly to lead SMRT. It might have to be a foreign talent if no Singaporean has the knowledge or experience to do the job well.
Which is less embarrassing? Admitting that we need foreign talent or having a MRT system that keeps breaking down?
Related post:
MRT nightmare at Bugis.
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