Saturday, March 12, 2011

Top salaries to be paid back

Dear Mr. Tan,

Read this article about Warren Buffett. “You need a person at the top who has all the downside that somebody has that loses their job working at an auto factory,” he said in an interview released by the panel in February. If a company fails, management should “give back five times the highest compensation they received in the previous five years.”

 Should our President and Ministers pay back their salaries when Singapore is in recessions? Should some Ministers get sacked when the Ministries they in-charge of fail to deliver acceptable services to citizens?

Dare to Ask


Lye Khuen Way said...

That maybe too harsh a term for our President/Ministers to accept !
Just scaling back their "World-leading" salaries & sincere apologies would make my days.

Singapore's 5 Minute Investment Diary said...

We can always hope.

Reminds me of a speech by Martin Luther King; "I have a Dream"

Here's the youtube hyperlink

Blog Archive