atans1

It’s other people’s money, so spend it?

In Corporate governance on 17/01/2012 at 7:21 am

“SSA president Chng Seng Mok hopes the shooters’ poor form will not affect their application into the OPP’s [Olympic Pathway Programme's] 2016 cycle, but he said: “Of course, the SSA must also explain why they didn’t do well.””

Well the shooters were good in the 2010 Commonwealth Games, winning five gold, four silver and five bronze medals to finish as the third best team in the shooting competition in New Delhi. Their form has dropped since then. And two of the three shooters in the OPP’s 2012, have failed to qualify. A third has one more chance (Let’s wish her all the best). The trio performed poorly at the 2010 Asian Games and last year’s SEA Games.

My question is, “If the SSA president was personally paying for the training expenses etc of the shooters, would the president dare say such a thing?” Obviously not because the bad has to been taken with the good, with the latest scores mattering most because they are the best (if very imperfect) indicators of future form. Ask any EPL footie manager.  

Moral hazard: Ain’t only a problem with ministerial salaries, management and bankers’ excesses, and spendthrift, lying, cheating, lazy, violent Greeks. It’s present every time, when tax-payers’ monies are involved. In fact, every time other people’s monies are used.

About these ads
  1. Agreed 100%. You see that in hedge funds taking excessive risks (heahs I win, tails you lose), CEO’s taking lion’s share of corporate income (Orcale), politicians paying themselves like CEO’s and celebrities (Singapore).

  2. Of course, if only we (PEOPLE AGAINST PARTY) can run Sinkapore like running TOO MUCH SICKED, we will paid even more in millions. Then nobody should complain; TOO MUCH SICKED IS RAKING IN $MILLIONS for Sinkapore, lah????

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 218 other followers

%d bloggers like this: