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12-09-2013, 12:30 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
So the fallacy of paying ministers, CEO-like salaries is based on the wrong premise. CEOs’ pay are not performance-related.
Then, there is another problem with performance-related pay for ministers. This time the issue of collegiality. Everyone is more or less paid the same to promote team-work and shared responsibility. Remember collective cabinet responsibility is a political convention.
Tharman, Teo, Ng, Khaw, Shan, Kee Chui and now VB* (notice that the Indians are punching above their weight** despite only constituting 7% of the population) have to carry the likes of Yaacob, Lui, Tan, Fu, and Hng Kiang. In the cabinet, the salary differentials are very narrow according to PM, so the gd performers don’t get that much more. But thank god for small mercies. We once had to pay for SM Goh, Raymond Lim, DPM Wong, George Yeo, VB (not cut out for “compassion” jobs but gd at “rational” tasks?) and Mah, in addition to the present bunch of non-performing cabinet ministers who were then in cabinet. And wider still what abt the Speaker, and jnr ministers and parly secs?
- http://atans1.wordpress.com/2013/09/...-and-minsters/ (http://atans1.wordpress.com/2013/09/11/performance-related-pay-not-applicable-to-ceos-and-minsters/)
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?162762-Performance-related-pay-Not-applicable-to-CEOs-and-minsters&goto=newpost).
So the fallacy of paying ministers, CEO-like salaries is based on the wrong premise. CEOs’ pay are not performance-related.
Then, there is another problem with performance-related pay for ministers. This time the issue of collegiality. Everyone is more or less paid the same to promote team-work and shared responsibility. Remember collective cabinet responsibility is a political convention.
Tharman, Teo, Ng, Khaw, Shan, Kee Chui and now VB* (notice that the Indians are punching above their weight** despite only constituting 7% of the population) have to carry the likes of Yaacob, Lui, Tan, Fu, and Hng Kiang. In the cabinet, the salary differentials are very narrow according to PM, so the gd performers don’t get that much more. But thank god for small mercies. We once had to pay for SM Goh, Raymond Lim, DPM Wong, George Yeo, VB (not cut out for “compassion” jobs but gd at “rational” tasks?) and Mah, in addition to the present bunch of non-performing cabinet ministers who were then in cabinet. And wider still what abt the Speaker, and jnr ministers and parly secs?
- http://atans1.wordpress.com/2013/09/...-and-minsters/ (http://atans1.wordpress.com/2013/09/11/performance-related-pay-not-applicable-to-ceos-and-minsters/)
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?162762-Performance-related-pay-Not-applicable-to-CEOs-and-minsters&goto=newpost).