Performance does not link to salaries

In the world where we thought people are paid according to performance, it is no longer so. Just to diffuse the anger on the streets that our world's highest paid Ministers and several GLCs Top management are overpaid for sloppy work and huge losses. Here is the CNNMoney.com list of Top 5 overpaid CEOs in America which are overpaid worst performers of 2008.

In summary:

1) Michael Jeffries, Abercrombie & Fitch : Awarded total compensation of $71.8 million despite share prices falling over 71% last year and though he has been on board for 17 years, his compensation package included a $6 million "stay bonus" and use of corporate jet. Not bad for a clothing firm - I meant the compensation not the idiocy of renumeration here.

2) James W. Stewart, BJ Services Company : $34.6 million bulk of which is stock options granted more than five years ago. Energy company, BJS stocks have halved since.

3) Brian Roberts, Comcast Corp. : Total compensation of $40.8 million last year, $22 million in earnings related to stock options. Cable and Internet provider, Comcast shares are down 7%.

4) John Faraci, International Paper : Total compensation of $38.2 million, including $21 million in pension payments though he is still working for the company for past 6 years. Shares of the paper company sank 63% last year.

5) Eugene Isenberg, Nabors Industries : Total compensation of $79.3 million, out of which $58.7 million is bonuses. In 2008, shares of the oil and gas drilling company plummeted 51%.

Ignorance is bliss

Many have asked me why I choose to help migrant workers instead of our own aged or kids, which I have in the past, but somehow I feel that the way we treat our foreign workers here in Singapore is just too shameful to speak of and we really need to raise awareness to the ignorant.

Yes, we were just praised by Bernie Ecclestone on Straits State Times, who last year called Singapore GP the "jewel in F1's crown", that the country once again put on a great show.

Fantastic job, no complaints. Every year is a big improvement, and next year it'll be better."

Indeed business was roaring from St James to Harry's Bar at F1 Rocks. In such times, I find it a necessity to remind everyone though ignorance is a bliss, progress of our nation should not come at all cost. I leave you with an actual video clip which will probably not be seen in our State media and a great journalistic new media article follows. Do watch the clip before reading.



And you wonder why Singaporean shun the readily available job of a construction worker.


I would think S$10 million dollars to be spent on integrating foreign talent immigrants as suggested by Minister for Community, Youth and Sports Dr Vivian Balakrishnan, should be better spent on teaching such companies including our Ministry of Manpower on how to treat humans with respect or at least provide proper housing and sanitation.

Which brings me to another point on such wanton suggestions of wasteful taxpayers dollars. Why should money be spent on new citizens who might treat Singapore as a playground/hotel? Does Australia or Britain have policies or grants on teaching new immigrants how to speak proper English or how to integrate with the society? The filtering should have been done at the beginning to prevent the square pegs from trying to fit into a round hole and not be polishing or turning the cube into a ball, not especially when it has already been squeezed in. This is growth at all cost...and us taxpayers bearing even such integration costs. An obvious ill-thought immigration policy now being willfully corrected.

2nd F1 Night Race

Had a quieter night and caught the race from the telly and tearing engine sounds though we were high up...and that concludes the 2nd Singapore F1 Night Race, back to normal traffic soon at the Marina area. Good job Hamilton..until next Sep 2010!
Leave you with a view from the 64th floor of Sail@Marina.

F1 Rocks

This year being the 2nd year of the Singapore F1 night race, I thought I would give it a miss since I wasn't following much of the race as my fav team Ferrari wasn't doing so well. But my buddy Jase has always been the "THE MAN" and scored us Grandstand Pitstop tickets. But since it was qualifying night and there wasn't much action, we decided to venture out to somewhere new this year...


This was just the beginning of a great night though with slight hiccups but Jase always have more up his sleeves with LG F1 ROCKS Concert tickets@ Fort Canning park.. just look at the following pictures and 2 sentences.

Black Eye Peas RAWKS!
And Beyonce is HAWT!

Singapore Slingers vs Smart Gilas Philipinas

High flying Aguilar stopping Jeffers from going to the hole. You can clearly see how high he jumps.

It was forewarned by one of my readers who left an indelible comment on my Cbox to watch out for this team. Smart Gilas plays like the Europeans as coached by former Eurobasket and Iranian coach, Rajko Toroman. They have a young squad average 22 years of age with a former LA Lakers player - #11 CJ Giles. Together with 2009 PBA Number 1 draft pick #16 Japeth Aguilar, the twin towers killed Slingers centre defense as clearly seen by the number of alley hoop dunks and offensive rebounds. By the 5th minute mark, the Gilas were up 12-8 with both Giles and Aguilar scoring 10 of the dozen.

Gilas Twin Towers against Brown and Jeffers

But as we saw in the first game against Coca-Cola Tigers, the tenacity of our boys especially #33 Brown and #30 Jeffers came out fast to showed the Gilas what is Slingers' defense and did well to stop their scoring; as we managed to climb back up 13-12 with the first lead. Henceforth, I know tonight will be an exciting matchup.