I read with great admiration the report card of BinaFikir Sdn Bhd with regards to the
7 thoughts on “WAU! What a rosy report on MAS!”
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I read with great admiration the report card of BinaFikir Sdn Bhd with regards to the
Comments are closed.
It was rosy then but now need a boost through the share swap in darkness from Azman and Rashdan, the great MAS saviour of all times.
Now is another asset restructuring where a good friend of them, Tony, must be put into MAS to help MAS by giving up more destinations to AirAsia and take up Airbus from AirAsia otherwise the 200 airbus will be parked at KLIA as air show. What a stupid move.
YB, when WAU was proposed to MAS, BinaFikir has only 2 employees – Azman and Rashdan. And WAU is Binafikir’s first project for the so-called advisory outfit and Malaysia. The fees charges from Taxpayers from WAU (which turned out as the most expensive TOILET PAPER in the world) is nothing less than US$1million. Few years later, Azman got promotion (no thanks to Pak Lelah) to join Khazanah in 2004 and in 2008 Rashdan sold BinaFikir to Maybank for …. million and was appointed as CEO of Maybank Investment. Not sure how Maybank agreed on the price, but “8” seems like a nice number, to some, and easy to remember. During his tenure as CEO of Maybank Investment, many experienced staff left the Group between 2008-2010 because cannot stand Rashdan’s arrogant attitude and some commented that he seems to know everything! (After all, he holds a “double first class” from University of Cambridge UK, so no point arguing with the prick!). Wahid is aware of the problem in Maybank – after the appointment of Rashdan, staff morale were extremely low, productivity is as good as zero, and KPIs were well below par. Although initially Wahid defended Rashdan for his “out-of-the-universe” management-style (also known as “kurang ajar” to most), the poor performance of Maybank Investment left Wahid with no choice but to kick Rashdan out from the Group. Heard that Maybankers were having parties and kenduri kesyukuran when Rashdan announced his resignation in March 2010. 2 months later, in May 2010, Azman offered him position in Khazanah as Executive Director of Investment (well that’s what friends are for, right?) and to cut short Rashdan’s “colourful” resume, in 2011 he is the Executive Director of MAS.
There’s a good article in The Sun dated 9 August about MAS-AirAsia deal written by Datuk Azman Ujang – “…Dick Brown, the then CEO of Cable & Wireless of US said the world of business has more bright people. I like to see both, but if i has to choose between high intelligence and effective execution, I would take effective execution all the time”..also “a top industry player explains MAS badly needs an operations man at the helm and not a finance man.”
Need to say more?
Good Luck Malaysia!
I should have taken accountancy or law in university instead of nuclear engineering. What the heck, in the 70’s you you can’t escape your karma. If you are a Malay and you got credit in maths and science, you have to be streamed into science class whether you like it or not. Suddenly not so bright Malays got to take up the non science courses at university and now after more than 40 years we have these brilliant Malays as our corporate leaders.
Where do you find all those science students who later graduated with their masters and PhDs? They are now nearing their retirement age of 58 and some have reverted to join MLM scheme to earn extra bug after retirement. Who make all the money? The art students who can’t qualify for the science stream in the 70’s.
As for me, I am still waiting for our nuclear power program to kick off if only I can get a piece of the action. What, the government is going to entice our talent overseas to come back help in our scientific development? Habislah, maybe I should go back to my kampung and “tanam kacang”.
UnclearEngineer
Dear Sir,
Thank you for your relentless effort. My heart is bleeding again.
We are ready to surface.
I have also read somewhere about the main issue that has been overlooked.
double first from cam-bridge?
remember those harvard and Yale mat grads that were given the responsibility to manage penang bridge?
Initially, they were interviewed in a glowing manner by our news corps. Then, several years later, a forced bailout, with PLUS having to take over the ailing company.
These guys from ox-fart and Harf-fart are useless. Just look at London financial district and wall street. These guys create wealth from bubbles i.e. make money out of nothing. And they strive on volatility. that is why the prices of commodities are going up and down like a yo-yo. the make money both ways, i.e. short selling when going down. The victims are consumers and long term manufacturers, who have to hedge their cost, not only for commodities, but also currencies. end result, the cost of manufacturing goes up.
Guess what? They are using the same method in our supermarket. Prices goes up and down like a yo-yo. So if you go on the wrong day, they whack you upside down.