atans1

StanChart mgt think they like PAP ministers isit?

In Banks, Corporate governance, Temasek on 15/04/2019 at 4:21 am

Glass Lewis, a proxy advisory group, recommended that shareholders vote against the company’s pay policy at the coming AGM. The influential advisory group said it was concerned by the bank’s decision to change its methodology for calculating the pensions of executives including chief Bill Winters.

However the FT had reported earlier that Temasek doesn’t have an issue with Stanchart on the matter: HoHoHo: StanChart CEO learning from our ministers.

How to? Given our ministers earn so much but their performance is only so-so. Their only credible claim of success is that things have not regressed to the standards of one-party states like Cuba, N Korea, California, New York and Venezuela. Hey what about Vietnam and China? They also one-party states.

Make S’pore Great Again. Summon Harry, Dr Goh, the other Chinese Old Guards and Ahmad Ibrahim. The Indians, other Malays and Eurasians in the Old Guard can remain in their graves.

  1. I’m expecting both Temasek & GIC to again come in at performance similar to passive global index funds when they report this July.

    Wonder why we keep paying them 1%-2% mgmt fees (I estimate ballpark of SGD15B if total asset base of USD750B), when we can get almost free 0.03% – 0.04% fees for index funds.

    And that’s for retail customers. Institutionals will get much better deals.

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