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July 30, 2009
GOODYEAR'S SHOCK EXIT
Rumours 'far from the tooth'
Temasek CEO Ho Ching dismisses speculation over reasons for departure
By Fiona Chan
ST PHOTO: STEPHANIE YEOW
TEMASEK Holdings chief executive Ho Ching yesterday dismissed rumours in the market about why CEO-designate Charles 'Chip' Goodyear had decided not to take the top post.
'I think there has been a lot of speculation,' she said, in her first public words on the topic since Temasek's shock announcement last week of Mr Goodyear's resignation.
'We look at this speculation sometimes with irritation and sometimes with amusement because all of it is very far away from the truth, including those sources who claimed to be familiar with the situation.
'They were obviously not,' she added.
Ms Ho was responding to a question at Wednesday's annual IPS Corporate Associates Lunch, organised by the Institute of Policy Studies (IPS) at the Four Seasons Singapore. She was the guest of honour.
Mr Goodyear, 51, was to replace Ms Ho, 56, as CEO from Oct 1, until Temasek issued an unexpected statement saying 'strategic differences' had led both the company and Mr Goodyear to change their minds.
Since then, Singapore has been abuzz with speculation over what these strategic differences could be.
News agency Reuters reported that Mr Goodyear's decision was probably made after a board meeting this month at which he suggested proposals and changes that the board did not agree on.
The Wall Street Journal also ran an article citing sources within Temasek who said Mr Goodyear, trying to instil tighter discipline, had fined people for showing up late to internal meetings and had prohibited them from typing messages on their BlackBerrys during meetings.
Temasek had not responded to these rumours and has so far remained tight-lipped on the differences.
Read the full story in Thursday's edition of The Straits Times.
Latest comments
Only The Straitstimes are able to report the TRUE those on the internet are far from truth or half truth.. Rubbish truth
Posted by: anlibeth2000 at Fri Jul 31 05:01:30 SGT 2009
If M/s Ho et al finds the rumours speculative and irritating,then all she has to do is to tell us and the world the truth.
Has she and/or Temasek got any problems with this. If there is nothing to hide,come clean and stop this bullshit!
Finally, just read that staff at Temasek will not get any bonuses including her! Is she having a laugh? I suggest she and her cohort (Dhanablan et al) repay the mega bucks that they have been paying themselves and make good the hole which they have so efficiently and incompetently created!!!
In any other commercial organisation,they would have been fired a long time ago. So the old boy network looks after their own after all. Transparency? They do not know the meaning of the word!
Posted by: peterchong888 at Thu Jul 30 23:26:30 SGT 2009
If she were the wife of a junior minister, or a nobody in society, she probably would have been fired and never allowed to step foot in TH ever again.
She is the PM's wife. Please respect her. Asking whether she would still be around in 5 years time was insenstive and was like rubbing salt where it hurts, isn't it?
Posted by: CCLCCLCCL at Thu Jul 30 22:24:14 SGT 2009
If AGO, AGC couldnt do it, will any of those new NMP dare to ask the gahmen to get hc to disclose the whole THRUTH.... we wait...
Posted by: NoodleWon at Thu Jul 30 21:25:52 SGT 2009
It�s an embarrassment how she conducted herself; dodging questions, trying to intimidate, acting like a brat. They just lost thirty percent of their investments, where is the accountability? Where is the transparency? Where is the BoD? Where are the oppositions?
Posted by: walterbishop at Thu Jul 30 20:26:05 SGT 2009
July 30, 2009
GOODYEAR'S SHOCK EXIT
Rumours 'far from the tooth'
Temasek CEO Ho Ching dismisses speculation over reasons for departure
By Fiona Chan
ST PHOTO: STEPHANIE YEOW
TEMASEK Holdings chief executive Ho Ching yesterday dismissed rumours in the market about why CEO-designate Charles 'Chip' Goodyear had decided not to take the top post.
'I think there has been a lot of speculation,' she said, in her first public words on the topic since Temasek's shock announcement last week of Mr Goodyear's resignation.
'We look at this speculation sometimes with irritation and sometimes with amusement because all of it is very far away from the truth, including those sources who claimed to be familiar with the situation.
'They were obviously not,' she added.
Ms Ho was responding to a question at Wednesday's annual IPS Corporate Associates Lunch, organised by the Institute of Policy Studies (IPS) at the Four Seasons Singapore. She was the guest of honour.
Mr Goodyear, 51, was to replace Ms Ho, 56, as CEO from Oct 1, until Temasek issued an unexpected statement saying 'strategic differences' had led both the company and Mr Goodyear to change their minds.
Since then, Singapore has been abuzz with speculation over what these strategic differences could be.
News agency Reuters reported that Mr Goodyear's decision was probably made after a board meeting this month at which he suggested proposals and changes that the board did not agree on.
The Wall Street Journal also ran an article citing sources within Temasek who said Mr Goodyear, trying to instil tighter discipline, had fined people for showing up late to internal meetings and had prohibited them from typing messages on their BlackBerrys during meetings.
Temasek had not responded to these rumours and has so far remained tight-lipped on the differences.
Read the full story in Thursday's edition of The Straits Times.
Latest comments
Only The Straitstimes are able to report the TRUE those on the internet are far from truth or half truth.. Rubbish truth
Posted by: anlibeth2000 at Fri Jul 31 05:01:30 SGT 2009
If M/s Ho et al finds the rumours speculative and irritating,then all she has to do is to tell us and the world the truth.
Has she and/or Temasek got any problems with this. If there is nothing to hide,come clean and stop this bullshit!
Finally, just read that staff at Temasek will not get any bonuses including her! Is she having a laugh? I suggest she and her cohort (Dhanablan et al) repay the mega bucks that they have been paying themselves and make good the hole which they have so efficiently and incompetently created!!!
In any other commercial organisation,they would have been fired a long time ago. So the old boy network looks after their own after all. Transparency? They do not know the meaning of the word!
Posted by: peterchong888 at Thu Jul 30 23:26:30 SGT 2009
If she were the wife of a junior minister, or a nobody in society, she probably would have been fired and never allowed to step foot in TH ever again.
She is the PM's wife. Please respect her. Asking whether she would still be around in 5 years time was insenstive and was like rubbing salt where it hurts, isn't it?
Posted by: CCLCCLCCL at Thu Jul 30 22:24:14 SGT 2009
If AGO, AGC couldnt do it, will any of those new NMP dare to ask the gahmen to get hc to disclose the whole THRUTH.... we wait...
Posted by: NoodleWon at Thu Jul 30 21:25:52 SGT 2009
It�s an embarrassment how she conducted herself; dodging questions, trying to intimidate, acting like a brat. They just lost thirty percent of their investments, where is the accountability? Where is the transparency? Where is the BoD? Where are the oppositions?
Posted by: walterbishop at Thu Jul 30 20:26:05 SGT 2009
