Talk of bad PR.
When I read that the Thai gal sued SMRT, I didn’t think much of her case. I tot that she should have accepted reasonable compensation and moved on.
But when I read that SMRT says that its $15,000 offer was “unprecedented”, I tot what a dumb, mean company.
I don’t know waz a fair amount would be taking into account her injuries and that it isn’t SMRT’s fault. But $15,000 is not it. Its legal costs would easily exceed $100,000.
I had been looking to buy shares in SMRT, but I’ll give it a miss for the time being. Want to see if mgt changes are working.
Anyway, hopefully the FT brought in to replace an ex-SAF officer will do something to change SMRT’s bad record in public communications. The SAF officer said once “Better you die, than damage SMRT property”. Ya I exaggerate, but that was the message he gave when a commuter smashed a glass panel to let air into a train stuck in a tunnel.