No Amount of High Salary Can Prevent Corruption

Teo Kok Eng said:

How can people accept legalized corrption??

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uncleyap said:

That is NO AMOUNT OF HIGH SALARIES CAN PREVENT CORRUPTION.
QUOTE]

Getting a ridiculously high salary is no longer a good thing. These days it is seen as something is seriously wrong with an organisation.

But, more and more, big investors are treating excess compensation as a reliable index that something serious may be wrong. In particular, it’s often a sign that a company’s board of directors is catering to the C.E.O.’s whims rather than supervising him.

Read more: http://www.newyorker.com/archive/2006/02/13/060213ta_talk_surowiecki

In Singapore's case, it ended up in a situation where instead of the government serving the people, the people are serving the government.


Getting a ridiculously high salary is also related to poor performance.

According to a study by the finance professors Jarrad Harford and Kai Li, very highly paid executives are more likely than their peers to make acquisitions, and to receive major financial rewards for doing so, even when the acquisition ends up destroying corporate value. And there is evidence that overpaid C.E.O.s are more likely to commit fraud that props up stock prices—perhaps because the more you have to gain from criminal activity, the more likely you are to engage in it.

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BlueCat said:

money,everyone will want more...even if he/she is a billionaire.

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neddy said:

In America, philanthropy is common, among the super rich. Eg Bill Gates and Warren Buffet.

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neddy said:

uncleyap said:

That is NO AMOUNT OF HIGH SALARIES CAN PREVENT CORRUPTION.
QUOTE]

Getting a ridiculously high salary is no longer a good thing. These days it is seen as something is seriously wrong with an organisation.

But, more and more, big investors are treating excess compensation as a reliable index that something serious may be wrong. In particular, it’s often a sign that a company’s board of directors is catering to the C.E.O.’s whims rather than supervising him.

Read more: http://www.newyorker.com/archive/2006/02/13/060213ta_talk_surowiecki

In Singapore's case, it ended up in a situation where instead of the government serving the people, the people are serving the government.


Getting a ridiculously high salary is also related to poor performance.

According to a study by the finance professors Jarrad Harford and Kai Li, very highly paid executives are more likely than their peers to make acquisitions, and to receive major financial rewards for doing so, even when the acquisition ends up destroying corporate value. And there is evidence that overpaid C.E.O.s are more likely to commit fraud that props up stock prices—perhaps because the more you have to gain from criminal activity, the more likely you are to engage in it.

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so what is ur opinion with the Malaysian govt? esp with the PTP port project?
and those ministers in UK that claims personal expenses?

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johnsgp1 said:

neddy said:

so what is ur opinion with the Malaysian govt? esp with the PTP port project?
and those ministers in UK that claims personal expenses?

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ALL / ANY Corruption or Abuse of Power are Punishable, the higher appointment or more highly trusted ones, deserve more serious punishment, for the same corrupted act.

Regardless of country / salary all abuse of powers are crimes. Even if state owed minister salaries, they should not be abusing power or stealing state's money.

It is an aggravation factor if they created falsehood and claimed to be CLEAN while satisfying their own greed from state resources - even LEEgally, it aggravated their corruption crime.

Malaysia's corrupted ministers we leave it to Malaysian people to punish.

My comments had previously put on this forum that I said BRAVO for arrest of MCA Ling Leong Sik, high time to clean up!

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uncleyap said:

johnsgp1 said:

ALL / ANY Corruption or Abuse of Power are Punishable, the higher appointment or more highly trusted ones, deserve more serious punishment, for the same corrupted act.

Regardless of country / salary all abuse of powers are crimes. Even if state owed minister salaries, they should not be abusing power or stealing state's money.

It is an aggravation factor if they created falsehood and claimed to be CLEAN while satisfying their own greed from state resources - even LEEgally, it aggravated their corruption crime.

Malaysia's corrupted ministers we leave it to Malaysian people to punish.

My comments had previously put on this forum that I said BRAVO for arrest of MCA Ling Leong Sik, high time to clean up!

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The Constitution of Singapore is the supreme law of the Republic of Singapore. It lays down the fundamental principles and framework for the Executive, the Legislative and the Judiciary.
Together with the President and the Parliament, they perform check and balance to every member in Singapore.
If you think any of the minister is abusing power or stealing state's money, you can look for prove and punish them by law..
Even if they steal, they did it professionally and according to the law, they may be smart enough to avoid been caught, unlike the previous taiwan president and his wife, which leave tons of traces for the law enforcement to catch.
If u cant get any prove or evidence, u r merely a sheep 'ma-ing' around, shouting 'crime' all over the place like a fool.

In my previous post, i wrote abt the high perks for USA president even after they completed their terms, so what u want to comment abt that..
And what abt the Sultans in Malaysia, r u also saying they are 'cheating' legally?

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johnsgp1 said:

uncleyap said:

The Constitution of Singapore is the supreme law of the Republic of Singapore. It lays down the fundamental principles and framework for the Executive, the Legislative and the Judiciary.
Together with the President and the Parliament, they perform check and balance to every member in Singapore.
If you think any of the minister is abusing power or stealing state's money, you can look for prove and punish them by law..
Even if they steal, they did it professionally and according to the law, they may be smart enough to avoid been caught, unlike the previous taiwan president and his wife, which leave tons of traces for the law enforcement to catch.
If u cant get any prove or evidence, u r merely a sheep 'ma-ing' around, shouting 'crime' all over the place like a fool.

In my previous post, i wrote abt the high perks for USA president even after they completed their terms, so what u want to comment abt that..
And what abt the Sultans in Malaysia, r u also saying they are 'cheating' legally?

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Focus just on the famiLEE LEEgime.

Too easy to nail them for LEEgalized corruption and plundering, because this tiny red dot is very small and justification for huge salaries is too far stretched.

The most crucial part is their reasoning and rotten logics, to pay obscene amount of money to satisfy greed and enrich the politicians up-front, to claim to be THE CLEAN SYSTEM. This is the plundering and graft done from the state's funds, up-front, to satisfy greed and fulfill lavish life of the ministers. The principle is a form of legitimized corruption, carried out legitimately in the childish hope to fully satisfy the motives of other additional corruptions.

If this rotten principle of LKy old dog thief could be right against corruption crimes, then the following illustrations will show how applications of this principle made things absurd:

• Prevent stealing by lavishly enriching all the potential thieves before they try to commit crime of theft - using state resources!
• Give rapist their ultimate satisfaction in sex, before they try to commit sex crimes - using state resources!

What the famiLEE LEEgime is doing in Singapore is they pamper themselves better than high heavens, while treating the local peasants like slaves and 9th class citizens, worst then how foreigners had been treated here. What need to be highlighted here is the DRASTICALLY EXTREME DIFFERENT treatment between famiLEE LEEgime minions and the people. This difference is not just only in terms of salaries, but in almost every aspects.

The level of selfishness and unjust and moral evil are all worst than any normal crimes of corruptions.

How can these goes unpunished?

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sampierre said:

To add on to what Uncle Yap has written, there are two very IMPORTANT areas of concern that could lead to LEEgalised corruption :

1) For many many years, despite the urgings of our Opposition MPs, our PaPaya Ministers and their immediate family members as well as senior public servants like Perm Secretaries have yet to PUBLICLY declare their assets ,

2) Also, I believe that immediate relatives of Ministers are also allowed to tender for Govt projects. If this is correct, I wonder about the IMPARTIALITY of the tender awards system.

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johnsgp1 said:

neddy said:

so what is ur opinion with the Malaysian govt? esp with the PTP port project?
and those ministers in UK that claims personal expenses?

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You mention Malaysian govt and UK ministers.
- that is why Singaporeans need to ask their ministers the hard questions.

Singaporean ministers are just as corrupt, by not accepting checks on their finances, conflicts of interest, directorships.

The people are supposed to check on the govt to make sure that they are doing the right thing. Instead, the ministers have controlled every single voters in Singapore through all the govt controlled media. Unlike former USSR where they send the oppositions to Siberia, over in Singapore, there is no Siberia, so they initially used Sentosa, but now, they destroy the oppositions by bankrupting them and sending them to jail. The message is the same. Induce fear into the people so that they will not question the govt.

So, the Singapore PAP govt end up doing worse things than Malaysian and UK ministers, just that these matters are not published.

I live overseas and can see the huge difference between how politics work here and how bad things are (not referring to economic) back in my birth country. What Uncleyap does in Singapore is not much difference from what a respected journalist or politician would have done here.

I just done a postal vote for the Federal Australian Election. I have never need to vote in Singapore (except once for President) because of the walkover.

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uncleyap said:

Absolutely correct that is, LEEgalized corruption by famiLEE LEEgime can NEVER be looked upon by just only at their salaries alone. You get a clear overall view to better understand this corrupted and incompetent LEEgime, by looking at many more other aspects of Cronism and Nepotism which had been proudly claimed by Old Dog Thief Lee Kuan Yew to be his CLEAN system shamelessly.

You got to look at their Election System and Policing and Money Laundering and many other filthy businesses TOGETHER with their salaries, to be able to see the clear overall picture of what they are. And then decide how to punish them.

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johnsgp1 said:

Cons are very common also...

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