atans1

What PM, PAP can learn from very rich tech entrepreneur

In Political governance, Public Administration on 17/09/2018 at 10:13 am

And by so doing make sure that S’pore will remain a de facto one-party state forever and day: though there won’t be mega-rich ministers*.

Mr Von Ahn is CEO of Duolingo, the world’s most popular language learning app, with 200m users. He also has academic credentials that PAPpies can only dream about.

And best of all he’s not a “very mediocre” person (Remember GCT’s comment that those in the private sector earning less than $1m are “very mediocre people”. And that the PAP only chose ministers from the private sector if they were earning $1m or more.): he’s very rich.

So the PAP should listen to what Von Ahn recently told the FT, “If it requires you paying them off to come work for you, I don’t think they’re going to be in it. We prefer missionaries to mercenaries.” Related post: When being a minister turns from a calling into a job for life

Another of his strategy is to differentiate Duolingo from other employers by is focusing on diversity. He now has a 50/50 male female ratio in software engineers. Related post: New Hope: Time to make robots PAP ministers?

On diversity, FT’s Letter from Lex a few weeks ago said

Working with outsiders helps solve problems. When a stranger joins a team its performance tends to improve, according to research by US psychologists who tested out the theory on groups engaged in murder mystery puzzles. But do not expect gratitude. Tight-knit groups often do not realise they are underperforming.

Still, the pain is worth the gain. In business, assertive shareholders can help companies improve their strategies. But the experience tends to be uncomfortable for company bosses.

[…]

Of course, boards do not have to listen to naysayers — only to those with the clout to count. That is frustrating for Arsenal’s small shareholders. Its fans criticised a deal struck between the north London football club’s two largest shareholders, which will hand full control to the US sports magnate Stan Kroenke. Lex said Mr Kroenke’s leveraged bet might pay off if the value of Premiership media rights go up. But the shareholder fans, known as “gooners”, face disappointment. They are likely to be left without any more annual meetings to have their say.

Related post: PM, PAP should remember what world’s richest man said

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*Er but maybe if ministers can’t be rich they don’t care if the PAP doesn’t rule.

 

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