atans1

The Japanese story PM didn’t tell us

In Corporate governance, Political governance on 02/01/2015 at 5:17 am

For some reason, AhLoong is such an easy person for me to get annoyed with.

Juz as I was thinking that I was going too far in making fun* of a basically decent chap trying to live up to dad’s expectations while trying to make life more comfortable for us (OK so that he can continue drawing his salary), he has to put up a story about Japan inter-generational strife (http://blogging4myself.blogspot.sg/2014/12/pm-shares-article-from-japan-times.html) to shore up one or several of dad’s Hard Truths.

Well given the performance of his tpt ministers (2.8% rise in public tpt fares instead of 3.4%** despite oil prices falling 49%, and pipes bursting and other problems at Changi Airport), VivianB (rats), and Yaacob (cont’d cluelessness), he doesn’t  follow the Japanese practice of solving managerial problems.

Let me explain.

The president of Japanese airbag manufacturer Takata is to step down, amid widespread criticism of how the company handled recent safety crises.

Stefan Stocker presided over the firm during a period in which Takata airbags were linked to the deaths of five people.

Additionally, concerns that some of Takata’s designs may be defective have led to widespread recalls: more than 24 million vehicles globally since 2008.

Under certain conditions, Takata airbags can be set off with too much explosive force and potentially fire out metallic shrapnel.

The company has been heavily criticised by regulators in the United States for its slow response to the problems, which first came to light six years ago.

Stefan Stocker’s role will be taken over by the current chairman, Shigehisa Takada.the 48-year-old grandson of Takata’s founder. Shigehisa Takada.will take a 50% t pay cut for four months in response to the safety crisis.

Related article: https://atans1.wordpress.com/2011/03/14/learn-from-japanese-set-example-leh-elites/

——-

Since when has AhLoong taken a pay cut in response to ministerial failure?

*https://atans1.wordpress.com/2014/12/29/ahloong-should-ask-this-tourist-for-advice/

https://atans1.wordpress.com/2014/12/23/ahloong-needs-his-very-own-superheloo-costume/

**The last review done by PTC in Jan this year resulted in a fare increase of 6.6%, to be adjusted in two steps. A 3.2 per cent hike was implemented in Apr, and the remaining 3.4 per cent carried forward to the current review.

The fare formula is based on four components:

Core CPI inflation: This currently stands at 1.7 per cent, and excludes home and car prices.
Average wage increase, at 4.3 per cent
Energy index: This registered -12.6 per cent, due to a drop in energy costs in 2013
Productivity index at 0.5 per cent, where operators share productivity gains with commuters

Based on this formula, this year’s fare adjustment quantum is -0.6%. But because of the “roll-over” of 3.4% from Jan’s review, it resulted in 2.8%.

Mr Lui said, “Here we are using 2013, for this fare formula. We know that energy costs have come down, as compared to 2012, which is why for the most recent year, the index was actually -0.6.”

“You may recall that it was 6.6 per cent, of which the most recent fare increase gave an upward revision of 3.2 per cent. So there was a 3.4 per cent that was carried over, and now taken together with the -0.6 per cent, which was derived using all the numbers in 2013, the maximum that is allowed for this particular fare increase will be 2.8 per cent.”

  1. How about UK’s Network Rail’s boss Mark Carne’s refusal to take his bonus of 30, 000 pounds because he judged the network’s performance as unacceptable after the Christmas rail disruption? Any takers in the administration?

    • this deserves a +1. and the answer is: they will never take a pay cut lol. remember what Josephine Teo said? Her family had to “adjust their standard of living” after she joined public service.

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