My journey time went up by 66% today because trains are slower and took forever to close its doors. Tomorrow i will wake earlier after being late for work half the week...
So how will it actually affect smrt if the passenger count remains the same with a reduction in trains to service? Profits per train might actually go up!
Unless of course people expect things to change ;p
Her remuneration is about S$5,000 to 6,000 daily, so she will drag as long as she could. This could be her last job, who will pay her such pay after SMRT ?
Temasek holdings. Because of her relevant experience in retail. She will be in charge of commercial retail portfolio.
(20-12-2011, 08:19 PM)nitro Wrote: [ -> ]i see 2 factors contributing to the mess @ SMRT
1.) Trains are not designed to cater for 5million, thanks to MIW for opening floodgates
2.) Hiring Mgr for SMRT CEO should be responsible. What does a former DFS VP knows about transport? Transport is not like selling perfume or handbags @ DFS.
The current CEO was hired for her experience in retail. Since she came in, the retail part of SMRT has increased from almost zero to a significant portion. In fact in the last qtrly statements, the profit portion of retail/advertising exceeded that of trains. (partly due to high oil prices though)
Here's a blogpost (Lucky Tan) that aligns with what you have mentioned.
http://singaporemind.blogspot.com/2011/1...-with.html
My 2 cents: I guess the Board of Directors was responsible for the selection of a retail person for CEO. Therefore, if i were to get someone heads to roll, it should be the chairperson or some VP of engineering operations.
Maybe MBT and Lim can take over the CEO position. I am quite sure they are capable of fixing the problems.
There's a Chinese saying 解铃还须系铃人
(20-12-2011, 09:05 PM)Bibi Wrote: [ -> ] (20-12-2011, 08:19 PM)nitro Wrote: [ -> ]i see 2 factors contributing to the mess @ SMRT
1.) Trains are not designed to cater for 5million, thanks to MIW for opening floodgates
2.) Hiring Mgr for SMRT CEO should be responsible. What does a former DFS VP knows about transport? Transport is not like selling perfume or handbags @ DFS.
How does a ex-chief of navy becomes a Minister of Transport? They believe its their management skills that is important. Mr Khaw a doctor by profession can become National Development minister.
Ministers will rely on perm sec to run the show for them. How many ministers are really of substance? They are either former military men or linked via spiderweb.
Best joke - an engineer can actually became CEO of investment firm, what happened after that? So many failed investments. Paying them heaps to lose money, and a reply 'i have no regrets'
(21-12-2011, 12:06 AM)cif5000 Wrote: [ -> ]Maybe MBT and Lim can take over the CEO position. I am quite sure they are capable of fixing the problems.
There's a Chinese saying 解铃还须系铃人
Lim will be a better option. MBT has a bad history record in messing up in HDB and transport.
One point I do not understand why did the CEO not address the technical issues or questions from the public? How can one be a SMRT CEO if one is not at least better technically in terms of train operations than the average joe?
Hotest news.
I am happy even though I have no idea what holds next for my vested SMRT shares. 1M shares of 6 cents div is equivalent to $60 k annually?
SMRT chief executive officer Saw Phaik Hwa stepped down from her post on Friday afternoon following public outrage over train disruptions that affected thousands of commuters in December.
In a statement, SMRT said that its board of directors has accepted Saw's resignation, and that one of its members, Tan Ek Kia, will assume interim responsibility for SMRT's management as the board searches for a new CEO.
A filing with the Singapore Exchange by SMRT showed that Saw's resignation is effective Friday and the reason cited is "to pursue personal interests".
The 57-year-old, however, will remain with the transport group to assist in investigations into the disruptions to train operations in December, as well as with its transition to new leadership, according to a statement released by SMRT.
"The Board recognises the importance of this transition period, and this is why Tan Ek Kia will provide executive leadership while a search is underway for Phaik Hwa's successor," said SMRT chairman Koh Yong Guan.
Tan, who was named interim CEO, said he would work quickly to ensure that SMRT's leadership team has the support it needs to ensure the delivery of reliable public transport services for commuters.
"The staff of SMRT are aware of public expectations that we deliver on our commitment to learn lessons from December's incidents," said Tan, adding that he plans to place particular emphasis on rail as "the cornerstone of our public transport system".
Tan has held senior posts at the Shell Group of companies and was involved with the group's oil, gas and chemical businesses. He was chairman of Shell North East Asia from 1992 to 2003 and senior vice president of Shell Chemicals Asia Pacific and the Middle East from 2003 to 2006.
Commenting on her resignation, Saw acknowledged the time was ripe for leadership renewal.
"I have had the privilege of leading a group of very committed and loyal staff over the last nine years. I feel it is now time for SMRT to bring in new leadership and take the organisation to the next level," she said, adding that her announcement resulted from a discussion she started with Koh in early December last year.
"I also feel it is important for me to stay on and support the relevant inquiries, and the transition to the new leadership," she added, saying that she will assist Tan with SMRT's transition to its new CEO.
Saw's resignation comes after her previous decision to stay on as CEO despite calls for her resignation, saying she took responsibility for the incidents that happened in December and pledged to set things right.
Saw held her post of president and CEO of the company since 3 December 2002, according to the filing. She holds, as of Friday, in excess of 1 million ordinary shares in SMRT Corporation Limited, which amount to S$1.9 million based on its closing share price on Friday. She also holds some 14 directorships with its subsidiary companies.
She also holds some 14 directorships with SMRT's subsidiary companies. Gosh! 14 directorships. How to handle? We commoner want to do part-time job have to declare to our company this and that. This lady holds 14 of them.
(06-01-2012, 09:28 PM)memphisb Wrote: [ -> ]"I have had the privilege of leading a group of very committed and loyal staff over the last nine years. I feel it is now time for SMRT to bring in new leadership and take the organisation to the next level," she said, adding that her announcement resulted from a discussion she started with Koh in early December last year.
Bullshit indicator activated...
More likely she stayed so as to get her 13th AWS as well as some higher mgt year-end bonuses. We all know one la...
But now the Malaysian salesgirl from DFS is gone, I wonder how the retail segment that is generating large proportion of profits for SMRT would be affected.
Also, how would the maintainence regime be uphold? I reckon higher costs to be factored in too.
But NOT that I mind, for safety of thousands in the 6 carriages are at stake.
*vested in SMRT*