We listen to of disturbing news which 15,000 MAS workers wish a MAS-AA understanding stopped. They have threatened to not opinion BN in a entrance GE. Is this a self-evident spanner thrown or does it indicate which a MAS-AA understanding was indeed ambiguous as well as shady?
I asked a Oracle of Syed Putra- can a MAS-AA understanding be stopped? And what do you consider of a deal?
Its formidable for any a single not to ascribe a little massive insider trading in a deal. Just similar to a recent purchase of E&O by Sime Darby just after a central figure in E&O increasing his shares. But a authorities crop up to be neutered when it comes to a abounding absolute as well as a connected.
A few months ago, a same person increasing his shares forward of a announcement involving Kencana as well as Sapura Crest Petroleum. Now you hear, there have been rumors observant which a PDA (Petroleum Development Act) is starting to be amended which will effectively incited Sapura- Kencana in to a second PETRONAS. It will take a same monopolistic rights over appetite resources. PETRONAS a inhabitant oil association will have to share a attention baked sweat bread with somebody.
These bastards during a tip crop up to have an insatiable lust when it comes to greed. Its a same with MAS. MAS is an prominent code name. Its a crime to intermix a code name as well as take a quiescent mans approach out by cannibalizing it as well as creation income in which process. Khazanah buys back shares from Singaporeans not upon comment of good commercial operation clarity though upon comment of inhabitant pride. Yet it doesnt crop up to have a same patriotic sentimen! ts when it comes to diluting as well as divesting MAS shares even to AAsia.
Hey- you similar to your analogy of a complicated Hamman slicing his te! eth both in Pharaohs as well as Mosess business.
To answer your subject as to whether a understanding can be revoked- you will have to say yes.
Yes it can- depending upon a will as well as finalise of a PM. Thats a really tall order, referred to a Oracle.
The will as well as finalise of a PM depends upon his understanding of a problem, what he wants to do as well as a stress he attaches to a strategic item such as MAS. If a PMs meditative over these elements have been fluid as well as ephemeral ( for wish of less brutish terms) afterwards a ambiguous as well as untrustworthy deals involving MAS as well as Air Middle East will pierce upon to a conclusion.
So you read with interest when Nazir Razak seriously spoken stop a untrustworthy as well as ambiguous deals or suffer a consequences. you suspicion he was referring to a understanding in which CIMB played, in his own words, a small matchmaker for Air Middle East as well as Khazanah.
Khazanah forces MAS to remove a strength by parting divided with a estimable apportionment of a equity in lapse for a reduce series of shares though which have been more valuable in Air Asia. Before a deal, a shares of Air Middle East were traded upon a high side, though after a understanding was announced, a shares of Air Middle East plummeted. It would roughly crop up which prior to a deal, a shares of Air Middle East were artificially pushed up to allow a owners to part divided with a not as big apportionment of their shares.
Maybe, it would have been softened to wait for a shares of Air Middle East to go reduce as well as barter shares. In which way, Kahzanah would have acquired a bigger apportionment of Air Middle East as well as by which action, softened a inhabitant pride.
If the! y had fi nished that, afterwards maybe, a speak about honour contains a little credibility. If not close a F**k up about inhabitant pride.
Meanwhile, you have been happy to note which a landowner who has once said which a NEP has been bastardized as well as a ladder by which he has reached a tip should now be thrown divided is a workaholic entrance to his bureau upon Sundays as well as someti! mes, as a guards next will tell you, entrance during 2 am in a morning. you told a guard-
I can do better- if you am paid RM 1.2 million a month, you will even sleep in a office.
With all a deals finished by Khazanah as well as other GLCs have been accomplished with stealth, opaqueness as well as even shady, whats a conclusion? Did you listen to of any AGM preceding a MAS-AA deal? What happens to a minority interests?
The end is: The countrys economy is in vulnerable hands. A few in isolation people will make mountains of income whereas a problems of MAS will escalate.
Study a 3 points:-
1. In an attempt to bolster a fortunes of a dwindle carrier, state item manager Khazanah Nasional Berhad substituted 20.5 per cent of MAS batch for a 10 per cent stake in Asias biggest bill conduit AirAsia upon August 9.
2. The barter enabled AirAsia bosses Tan Sri Tony Fernandes as well as his partner Datuk Seri Kamaruddin Meranun to lay upon a MAS house as well as will evidently help spin it around.
3. Shareholders of AirAsia will get a single giveaway MAS warrant for each 10 shares in a low-cost conduit whilst MAS shareholders will get a single giveaway AirAsia warrant for each thirty MAS shares.
Khazanah thinks a resolution to arrange out a problems in MAS is to do a share swap. So it exchanges 20.5% of MAS shares with 10% shares in Air Asia. Why must a shares be substituted in a initial place? If a source of MASs problem! s is a p eculiarity of managerial talent, afterwards outsource it from somewhere else. Pay gifted people high salaries though get them to spin around MAS. After profitable them, you have been still left with full ownership of a company.
You dont need Tony or Kamarudin or a commercial operation indication of Air Middle East to spin around MAS. Lets see they spin around Asia-X first. You people have been simply enraptured by a mesmerizing salesmanship of a pirated CD seller which even you, a little with adv! anced ad stand in degrees from Ivy League universities crop up to have mislaid your marbles in perplexing to arrange out MAS.
I cant shake up off this feeling. We compensate peanuts you get monkeys. We compensate giant peanuts you crop up to get bigger monkeys. But you have to thread delicately here. The boss of Khazanah has been described to me as cheese compared to a little other guy who is chalk. you swore you nearly puked when you listened him described in those terms.
Whats a source of MASs problems? Is it leadership? Management problem? Managerial quality? Or corruption? Or incompetence? If these have been a main sources of MASs gloomy performance, how can these be sorted out by a share swap?
Because, reasons Khazanah, a share barter will allow a complaint solvers get in to MAS house as well as help compromise a problem. So, Khazanah, with a reputation of being filled with luminaries from a consulting world, a builders as well as thefuckers fikir-rers, place a destiny of MAS upon a shoulders of 2 people. 2 people will move a Midas hold which can arrange out MAS by a group of a single of us- Danny Rashdan. If this guy is chosen, a basement of a choice can simply be guessed- hes likely to be from MC happy gay as well as he is a crony of Azman a marker Mokhtar. These dual factors have been cited as well as listened repeatedly. A person is selected to lead as well as head a little supervision commercial operation units o! wned by a supervision since he is from MCKK as well as he is my friend.
Mr Fernandes as well as Kamarudin Meranum may not be from MCKK, though they have been friends to Azman Mokhtar.
Whats my point? My indicate is, if Khazanah believes a main sources of MAS problems have been those referred to above, afterwards you dont have to do a share swap. Bring in gifted leadership, move in people with initial rate managerial peculiarity as well as proven record, re make up MAS or even , take a extreme magnitude by closing down MAS in sequence to re build it.
Before Fernandes as well as Meranum have even proven they can do anything to MA! S, they have been given a incentives in a form of MAS shares. The same dubious modus operandi is steady all over a place- prior to services have been completed, a use supposing is paid all in advance. Remember a use provider to a understanding involving a Scorpene submarines? Those guys were paid in full even prior to a support services have been completed.
Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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