Hence, companies imposing austerity measures must start with top management taking the lead by having cuts made earlier and deeper. ”

Why can’t it start from all the MPs first???

What is the expenditure of the total cabinet???

Where are we headed???

What can be learnt from the Obama policy?

I learnt that CEO’s must perform to certain extent and their pay should not be guranteed without performance. Just my thinking on how to make the system better. I only mean the private sector CEO salary system. I think this is the fairest way – if CEOs lose money, they do not deserve huge salaries. I think $200K per year is more than fair for CEOs who led the company to losses. Actually best is to replace him or her by the next better player. I dont like to use the word SACKEM.

regrads
Pork And Pork

bigger boat rises higher, smaller boats less so. no mention was made about a tide that capsizes some older or smaller 1s…

How many times did he use the phrase “If we are lucky” in his May Day speech?
We might as well depend on 4D or Toto to help ourselves out of recession.

He used Swine Flu instead of H1N1 and our pork butchers will be feeling the effects tomorrow.

You are paid millions to lead and not depend on luck.

The foreigners are made to work until they are half dead.

How do I know.

I used to work with them.

I could not keep up with them. Why? I was then 64 years old. I am now 69.

For me, I never say die and I worked to my ultimate limit and I could just keep up with them and I think I managed to carry out 80 per cent of their work output.

I was good to them. They were good to me.

I want this trade union big boss to do what I did. Then he will understand.

Leadership by example.

Like Alexander the Great and this great soldier and military tactician led from the front all the time. He had many wounds. Yet he did not die in battle. As my Croatian friend said, he was poisoned.

How about that – John De Payva?

May Day, is a day for all Singaporean workers to reflect on the past, our leaders report card and the disparity of income level between them and us. They have done enough of talking until the saliva can flood the surrounding seas, but have they provided equal help and action? Do they put Singaporeans above foreigners? I doubt so.

We can hardly smell their sincerity in the air except their smelly fart. Yes, the golden May Day Award belongs to everyone who shared the woe together and not to someone who lost all our life time savings and forced us to buy annuity. There is no equality in this nation, the ministers win, the people lose as simple as primary school mathematics. This must not be allowed to happen again, we must promise ourselves or die without a coffin in the current situation.

May Day reminds us of the hugh disparity in salaries between top management and those who truely kept the companies running.

Soon the disgrunted & frustrated will just stop everything in their path and the city will come to a halt if they feel their injustice is not addressed.

Let not underestimate the power of the workers.

not sure when our neighbours see the GDP chart

will they laugh until teeth drop?

seems that they’re better perform than us (1st world), OMG

aiyoyo

Our income disparity has grown a lot but I would like to share with the readers a few thoughts. Globalization has helped to free up the economy and remove a lot of frictional costs. It has helped many developing countries like India and China grow tremendously but I feel that the cost of globalization has been a growing income disparity through the developed world.

Anyone with friends in the British and US middle class may be able to sympathize with this. Their lots have not gained in the past 20 years while their bosses have.I don’t want to use this as an excuse for Singapore’s income disparity but I would like fellow readers to understand the true dilemma of globalization.

One more point I’d like to bring up to readers: Productivity gains through capital investments rarely last. The competition just catches up 2-3 years later since it’s just a matter of pumping more money in. True productivity usually is a result of a mindset change in the workers.