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Thread: SMRT boss gets paid more than PM

  1. #61

    Default Re: SMRT boss gets paid more than PM

    SG is a "fine" city so we should come out with a "fine" solution.

    Since LTA impose heavy fine on SMRT do not fix the problem.

    They should fine the CEO and directors directly. Those people are rich enough to pay the $1,000,000 fine
    I eats, shoots & leaves

  2. #62

    Default Re: SMRT boss gets paid more than PM

    Quote Originally Posted by Yutaka Go View Post
    SG is a "fine" city so we should come out with a "fine" solution.

    Since LTA impose heavy fine on SMRT do not fix the problem.

    They should fine the CEO and directors directly. Those people are rich enough to pay the $1,000,000 fine
    Yeah....that should keep them on their toes ..... but with SMRT, you could easily bankrupt these CEOs and directors considering the number of breakdowns they've been having....but who cares
    Last edited by Zenten; 8th July 2015 at 10:19 PM.
    Nikomi Canpen Zenten :eek:
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  3. #63
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    Default Re: SMRT boss gets paid more than PM

    PM's basic pay is about $2mil. With 20 months bonus ..... definitely more than DK.

    Looks as though more pay is not exactly working for SMRT.

  4. #64
    Senior Member UncleFai's Avatar
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    Default Re: SMRT boss gets paid more than PM

    SMRT presents to you, Boh-Hiu-Lan Rhapsody


    Is this the rail life?
    Is this just fantasy
    Caught in a packed ride
    No escape from this MRT.
    Open your eyes
    Look up to the sky
    And flee
    I'm just a poor boy
    Don't bid for COE
    Because I'm easy come, easy go,
    Raffles Place, Ang Mo Kio
    Anyway the lights blow, doesn't really matter to me.
    Mama, just left the train
    Walking home to my bed
    Roads are jammed, trains are dead.
    Mama, ride had just begun,
    But now I've gone and thrown my EZ-link away
    Mama oooooooh
    Didn't mean to make Lui cry
    If I'm not back again this time tomorrow
    Carry on, carry on
    as if nothing really matters...

    Credits to Billy Teo
    http://sgag.sg/posts/smrt-presents-t...u-lan-rhapsody

    Adapted from original Bohemian Rhapsody song by Queen.

  5. #65

    Default Re: SMRT boss gets paid more than PM

    You all better be grateful smrt is not as bad as this railway ok!


  6. #66

    Default Re: SMRT boss gets paid more than PM

    Objection !!!

  7. #67
    Moderator daredevil123's Avatar
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    Default Re: SMRT boss gets paid more than PM

    Just saw this... so funny...


  8. #68
    Senior Member UncleFai's Avatar
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    Default

    I learnt a new phrase today:

    "Socialising cost, privatising profit"

  9. #69

    Default Re: SMRT boss gets paid more than PM

    Behold, Singapore's greatest fighters!
    Who will be chosen to defend Earthrealm in the tournament called Mortal Kombat!


  10. #70
    Senior Member UncleFai's Avatar
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    Default Re: SMRT boss gets paid more than PM

    LAI AH! LAI AH!


  11. #71

    Default Re: SMRT boss gets paid more than PM

    Quote Originally Posted by daredevil123 View Post
    Just saw this... so funny...


    The problem will get worse as the population continues to grow.......that is the price we have to pay for the gahmen's stupidity and greed .......

    http://www.mrbrown.com/blog/2015/07/...-tuck-yew.html
    Last edited by Zenten; 11th July 2015 at 09:06 AM.
    Nikomi Canpen Zenten :eek:
    Not exactly 100% Natural but definitely the closest you can get to it

  12. #72
    Moderator Octarine's Avatar
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    Default Re: SMRT boss gets paid more than PM

    Reminds me on the German advertisement for Yellow Pages. Usually they show some DIY disaster, followed by "He should have asked someone who knows the ropes."
    EOS

  13. #73
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    Talking Re: SMRT boss gets paid more than PM

    Quote Originally Posted by UncleFai View Post
    SMRT presents to you, Boh-Hiu-Lan Rhapsody


    Is this the rail life?
    Is this just fantasy
    Caught in a packed ride
    No escape from this MRT.
    Open your eyes
    Look up to the sky
    And flee
    I'm just a poor boy
    Don't bid for COE
    Because I'm easy come, easy go,
    Raffles Place, Ang Mo Kio
    Anyway the lights blow, doesn't really matter to me.
    Mama, just left the train
    Walking home to my bed
    Roads are jammed, trains are dead.
    Mama, ride had just begun,
    But now I've gone and thrown my EZ-link away
    Mama oooooooh
    Didn't mean to make Lui cry
    If I'm not back again this time tomorrow
    Carry on, carry on
    as if nothing really matters...

    Credits to Billy Teo
    http://sgag.sg/posts/smrt-presents-t...u-lan-rhapsody

    Adapted from original Bohemian Rhapsody song by Queen.
    Uncle Fai,

    This is next best one after the North Korean news.......

    Will the Police takes action if I continue the line,

    MaMa! I just kill..........................

    EisMann

  14. #74

    Default Re: SMRT boss gets paid more than PM

    once again we have a bunch of people who think that a train fault is the end of the world, and for a short delay.... someone's head should roll.

    i might be biased because i own my own private transport but i think it's really too hilarious that citizens think that things don't break down easily.

    the SMRT is an aging heavy rail service. with most of the population currently relying on the NS/EW lines, it's highly unlikely any major repairs/enhancements can be made. looking at the new lines that are currently being built, they might be the alternative form of transportation while the existing one is being repaired/enhanced.

    then again, citizens complained and asked where's the need of the new Thomson line. they said it was a waste of taxpayer monies and time and effort and whatever else they could whine about. and at the same time, complained that there wasn't enough public transport services.

    so all i can guess is that Singaporeans are pretty much hypocrites but too proud to admit it

  15. #75

    Default

    Few points

    Why is the transport system run privately? assumption it will be more efficient and competition to keep cost low. But is that the case? Why did the garmen need to bail out smrt with new buses paid by public money to improve their efficiency? Do we have real competition when the whole system is controlled?

    How can smrt continue to earn big fat profits and pay their CEO big fat bonus when they can't fix the issues? Surely, if they are willing to accept a lower level of profits, they can do more on maintenance?! Why can't a private company make losses for 1 or 2 years?

    Ultimately all the fines and what not are going back to hit the people when they next increase fares? The public pays for the inefficiencies and the company and stakeholders continue to earn their high pay.

    To end off, these complaints are not just due to the recent breakdown but accumulation of the frustration on the current system and its failings.

    Is there a better way? Put real competition in the system. Refer to Singtel, NTUC, DBS, SIA.

  16. #76
    Senior Member UncleFai's Avatar
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    Quote Originally Posted by lkf73 View Post
    Few points Why is the transport system run privately? assumption it will be more efficient and competition to keep cost low.
    Not really. It is an implementation of the "let other run it, we just regulate" philosophy. That's why all the various "authorities" were set up.

  17. #77
    Senior Member creampuff's Avatar
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    Default Re: SMRT boss gets paid more than PM

    Quote Originally Posted by lkf73 View Post
    Few points

    Why is the transport system run privately? assumption it will be more efficient and competition to keep cost low. But is that the case? Why did the garmen need to bail out smrt with new buses paid by public money to improve their efficiency? Do we have real competition when the whole system is controlled?

    How can smrt continue to earn big fat profits and pay their CEO big fat bonus when they can't fix the issues? Surely, if they are willing to accept a lower level of profits, they can do more on maintenance?! Why can't a private company make losses for 1 or 2 years?

    Ultimately all the fines and what not are going back to hit the people when they next increase fares? The public pays for the inefficiencies and the company and stakeholders continue to earn their high pay.

    To end off, these complaints are not just due to the recent breakdown but accumulation of the frustration on the current system and its failings.

    Is there a better way? Put real competition in the system. Refer to Singtel, NTUC, DBS, SIA.
    This is the fundamental flaw in the whole approach. The presumption is that unlike other transport system elsewhere run for the public good, here we are embarrassed or obsessed to show an operating loss or running a deficit. No private company can ever inject the capital expenditure to build the rail system, so the Govt has to bear such capex. The idea that the operations of the system can be successfully privatised is ludicrous because how many rail operators can we have running similar routes for a truly open competition? The Govt can award a rail concession to run the system over a set period but what about long term maintenance, which is a large recurring capital expenditure. Like it or not the Govt will need to step in but in the meantime the private entity will try to increase revenue and offer more shareholder value in the form of big dividends, and we all know who the largest shareholder is. Having SMRT around allow it to bear the brunt of commuter disquiet when the real heads to roll are the policymakers in the first place.

    With buses, you can ask transport companies to tender for specific routes but since there can never perfect competition, there will be the same handful of companies competing.

  18. #78

    Default Re: SMRT boss gets paid more than PM

    Quote Originally Posted by creampuff View Post
    Having SMRT around allow it to bear the brunt of commuter disquiet when the real heads to roll are the policymakers in the first place.

    With buses, you can ask transport companies to tender for specific routes but since there can never perfect competition, there will be the same handful of companies competing.
    Hear hear ........


    I say to the gahmen ......Tuck Yew!!!
    Nikomi Canpen Zenten :eek:
    Not exactly 100% Natural but definitely the closest you can get to it

  19. #79
    Senior Member Kit's Avatar
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    Default

    😀😀😀 his name is the worst thing that can happen to him.

  20. #80

    Default Re: SMRT boss gets paid more than PM

    Some people must be living in their own private world with their own private transport to fail to understand public indignation, frustrations & anger over the frequent MRT breakdowns (not to mention security breaches). If one get tightly squeezed daily to get to work on the trains & get stranded on the way, how does it feel? Just say whatever will be will be, that hey this is just life???

    Why is it really too hilarious that citizens think that things don't break down easily??? Do we expect things to frequently break down. Do you expect the airplanes or Changi airport operations to break down as frequently? Besides inconveniences, there are serious negative economic consequences when basic yet crucial services like transport, telephone, electricity etc breaks down. Businesses are adversely affected with huge monetary loss to both companies & country. It is not just the individuals. Its not just about image & reputation.

    Why must one hear & accept oft repeated excuses & support from apologists for these MRT fiascos. Get off the political cart & one will see and understand the rage expressed at the incompetencies & inadequcies shown. This is not always about politics when the govt is mentioned & involved. Its about efficient, effective administration & governance. I keep hearing we are world class in this & that ad nausem (the MRT CEO just bragged about this in a public meeting just before the breakdown happened). These breakdowns are world class?

    Agree with the views on the failures of so called privatisation where profits are expected to be never ending but not service standards. Are private companies assured or insured to be profitable each & every year & where costs are so easily passed on to consumers? To me, cost plus models on which such companies are based need to be eradicated for the true drive to succeed & excel in providing the best service. CEOs paid the same regardless of standards of service is not acceptable in my books.
    Last edited by s1221ljc; 16th July 2015 at 02:18 AM.

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