Within Temasek, there are absolutely no factions. All management and director posts were picked by Ho Ching herself. There are number of nominees of govt that sit on GLCs but within Temasek its all Ho Ching.
That's is why all these incestuous inbreeding of YES men n women will lead to deformities in the long run.
All decisions are meant to please the most important one, even though how reckless n nonsensical they have been.
To paraphrase Lim Swee Say......do we cut Citibank to save our reserves or save Citibank and damn our reserves.
There are simply no checks on her performance n our overweight/overpaid guardian of our reserves is still happily eating his pratas.