Tuesday, January 20, 2009

Great value in voluntary help

I was shocked to learn that a senior lawyer charges $2,000 an hour to look into the credit linked notes.
Adrian Tan, who help me in the credit linked notes, must have spent 100 or 200 hours in helping many noteholders. He earns nothing. Adrian was a lawyer and also a financial expert. The value of his advice and help must be worth more than the senior lawyer.
Adrian was able to spend so much time, as he is not working at this time. He spends his time managing his investments. But, if given the opportunity, he would be happy to be earn an income.
I hope that the noteholders who managed to receive 100% compensation should reflect on what Adrian Tan, and other volunteers, have done for them. I am not suggesting that they should pay the volunteers, but I want the noteholders to know that if they have used a lawyer for the same help, they would have to fork out $10,000 or more, just to get the same result.

10 comments:

Anonymous said...

Now we know why ministers need to be paid millions a year.

One lawyer even said he took a pay cut when he became a minister. So did a surgeon who even publicly remarked at a forum that you folks got a bargain when such people like him became ministers.

Anonymous said...

If a senior lawyer is worth $2000 an hour what do you think an experienced and qualified financial planner is worth?
Are you aware that a senior counsel of good standing charges $8000 per appearance in court and it may be just for half an hour or for the full day?
I remember reading postings that many questioned $100-$150 an hour on financial planning. Have you any idea what financial planners do to charge $150 an hour or what does financial planning entail?
Is $10,000 expensive for just a retirement plan?
You want free 'advice' the insurance agents can give freely.

Anonymous said...

Mr Tan,
I think Adrian Tan deserves a great applause. It will do right if you highlight a photo of him in a post, and we can send our thank through comment. At least a way to show our appreciation.

Nick said...

Thanks for the help, Mr. Tan and Mr Adrian Tan.

Regards

Anonymous said...

I would like to thank Mr Adrian Tan for helping and giving me some tips in the minibond saga.
In this time where "work starts only when $$ comes in", his selfless attitude is certainly touching.

Jasmin

Anonymous said...

Thanks Mr Tan.

Made my day.

And Anon 3, having my photo up would upset me. Thanks for tot though.

Anonymous said...

I truly applaud all the volunteers who have assisted myself and countless others, in coming to terms and obtaining redress, in this unfortunate event.

With the collapse of the world economy triggered by the greed of a few, it is heartwarming to know that there is still light in this dark world.

Anonymous said...

I hope we have more peoples like Mr.Adrain Tan in Singapore.
Please continue to help those peoples who need your assistance,Mr.Adrain Tan.

<< 恭賀新禧 Happy New Year >>

retiree

Donaldson Tan said...

Adrian's and Mr TKL's selflessness deserves our standing ovation.

Heretic_Guy said...

amidst the current gloom enveloping our society, it is heartening to hear about the efforts of Adrian and TKL. For surely without those hundreds of man hour dedicated to coordinating and making the plight of the minibond public, chances are these holders would have simply been dismissed offhandedly.

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