GLCs are managed by Political appointed men who could or couldn't be "qualified" to be a fit and proper person. Some are professionals, some are from non-related field, some are "lucky" to be there. No matter how, it is beyond our control.
SIME recent huge loss due to mis-managed, or forced to takeover "sure loss" business? One thing is for sure: SIME, being a king in GLCs, it has crashed investors confidence on GLCs. A Cash Cow is down, what would happen to the junks?!
Time for GLCs to be run by professionals.
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About Me
- Remisier OH
- 1991 B.A. WWU USA. 1992 Portfolio Manager. 1994 Remisier. 2005 Certified Financial Planner.
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