Do world's corporate leaders know the value of money?

Straits Times Forum 02 April 2009

" REFER to Mr Liew Kai Khiun's Forum letter, "Review executive rewards", last Thursday.

I agree with him that companies should always review their top executives' remuneration packages periodically to stay in tune with the economic situation and communicate to the public a sense of fairness and decency - more so in these challenging times.

What is happening to our world's top corporate leaders?

Minutes after the Edinburgh home of RBS bank's disgraced former chief executive was vandalised, an e-mail message that was sent read: 'We are angry that rich people like him (Sir Fred Goodwin) are paying themselves a huge amount of money and living in luxury, while ordinary people are made unemployed, destitute and homeless.'

Among his excesses was the 5.3 million pound sterling (S$11.5 million) refurbishment of a building - styled "Sir Fred's Pleasure Dome" by staff - that was barely used.

Do the world's top corporate leaders have so much money that they have forgotten its real value?

The wealth wasted could have been used to save millions of people out there who are homeless and struggling to have a simple meal.

United States President Barack Obama has indeed a mammoth task ahead of him to try to cleanup this mess that has been left behind by these so-called 'most successful' corporate leaders.

Phang Geak Lean (Ms)
http://www.straitstimes.com/ST+Forum/Online+Story/STIStory_357434.html

Protests flare in London

" We have been robbed. I am coming to support the older people who have been working all these years. If we did any stealing we would go to jail. "

Vinzcente Oliver, 22, from northern England, protesting about how low interest rates have hit savers and pensioners

No wonder they are so angry !

02 April 2009