Why did Ho Ching retire as CEO of Temasek when our GLCs are in limbo?
When Temasek announces that Ho Ching will be retiring as its CEO last Tuesday, critics had a field day bombarding Temasek, and for good reason. Singapore already has a sovereign wealth fund “SWF” in our Government Investment Corporation “GIC” and Temasek was supposed to be just a holding company for our government assets,...
Ho Ching Quits as Temasek CEO in Surprise Move To Seek New Challenges?
I was greeted by the news that Ho Ching, PM Lee’s wife, was stepping down from her position as CEO and Executive Director of Temasek Holdings on October 1st. She will be replaced by the CEO of Temasek International, Dilhan Pillay Sandrasegara. Obviously she found her new role as an Influencer on Facebook far more interesting! As...
GIC and Temasek stucked
If someone tells you that you can get 15% return if you invest $100K in his shell company, but you have no voting right, no directorship, no guarantee on your investment return or refund, absolutely no say on how the company will be run. You can only redeem your investment with 15% compounded return if and only if the company...
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