What is Temasek Holdings famous for?
It is famous for its ‘hide- behind- honest- mistakes’ management! So far, Temasek Holdings did not manage to post capital gains for its investments- Shin Corp (since 2006), Barclays (since 2007), ABC Learning (since 2007) and Merrill (now Bank of America). Thus, there is nothing to rejoice about when Temasek Holdings announce pay cuts for its management! What is there to rejoice about when the forfeits are their heads! In the end, there is nothing that Singaporeans could do as we choose the wrong team ourselves! As LKY has previously mentioned, Singaporeans have chosen the wrong team and thus will have to suffer for the next few years! If the selection of the team for Temasek Holdings is based entirely on merit, then obviously, the selection of an ex- minister for PSA Corp is not based entirely on merit! Thus, the ex- minister was asked to leave by PSA Corp when he committed a honest mistake while the ‘hide- behind- honest- mistakes’ management of Temasek Holdings was allowed to stay o