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17-07-2016, 12:20 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
http://news.asiaone.com/news/singapo...ets-smrt-oct-1 (http://news.asiaone.com/news/singapore/lta-take-over-all-operating-assets-smrt-oct-1)
This is a bailout of SMRT and it is totally unnecessary. Let SMRT collapse instead of using public money to bailout an inefficiency organization that chooses to stupidly reward its executives, including the CEO, for incompetence.
If LTA cut SMRT, our MRT will still do fine. This new arrangement will only to more public dollars going to SMRT to pay its CEO, another million or two more. LTA will take on most of the risk while SMRT just gets paid with no risks.
If LTA wants to own the assets of the SMRT, then it should run it as well instead of SMRT juicing us.
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?232970-Why-do-we-need-SMRT&goto=newpost).
http://news.asiaone.com/news/singapo...ets-smrt-oct-1 (http://news.asiaone.com/news/singapore/lta-take-over-all-operating-assets-smrt-oct-1)
This is a bailout of SMRT and it is totally unnecessary. Let SMRT collapse instead of using public money to bailout an inefficiency organization that chooses to stupidly reward its executives, including the CEO, for incompetence.
If LTA cut SMRT, our MRT will still do fine. This new arrangement will only to more public dollars going to SMRT to pay its CEO, another million or two more. LTA will take on most of the risk while SMRT just gets paid with no risks.
If LTA wants to own the assets of the SMRT, then it should run it as well instead of SMRT juicing us.
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?232970-Why-do-we-need-SMRT&goto=newpost).