Comments, opinions and an occasional ramble
Ho Ching is out of Temasek!
Wow, this is big news, despite the interestingly lukewarm writing from the State’s Times, I mean, Straits Times.
I’ve been wondering when the axe is going to fall because so many high profile CEOs all over the world have been chopped from their positions. I don’t believe Temasek is ever going to give a reason for Ho Ching’s departure, but I think performance is probably a big push factor.
I’m not about to give my 2 cents worth on how lousy Ho Ching’s performance has been because I am not qualified to. I don’t even manage a tiny minuscule of the money she manages. However, it is a fact that under her charge, Temasek has had a few high profile missteps, and I don’t think anyone in Singapore is immune from having to answer for missteps, especially big ones.
Perhaps there is one exception: the GIC chairman. 
| Print article | This entry was posted by Aaron Ng on 06/02/2009 at 5:00 pm, and is filed under Ramblings. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |
about 3 years ago
ST is certainly more luke warm than Reuters and Bloomberg. And I already think they are being very kind.
about 3 years ago
Think the plan is to RUN before more losses are exposed. Afterall Dhanabalan is there to do the loyal clean-up work for the LEE family. Smart move folks….but Singaporeans are much better informed these days…thanks to the internet and some very good blogs.
about 3 years ago
Ho Ching leaving has probably nothing to do with her performance at Temasek Hldings.
She is going into politics. She may be our next PM. She has plenty of loyal supporters in Temasek and can further count on certain cabinet ministers. Oh and she is half-Lee.
about 3 years ago
I think the reason released to the press was that “the succession had been planned for years now..”
anyway, very interesting blog, I’ve linked to it in my article about this event on EvolvingChoice.com
about 3 years ago
Aaron,
When Ho Ching was hired, Temasek said she will be there for 10 years because that is how long it will take for the changes to come.
Looks like Ho Ching being Ho Ching is super-duper efficient did her mission in 4 years and Temasek started looking for a successor in 2006. She is so uniquely talented and hard to replace : it took them 3 years to find Mr. Goodyear….
about 3 years ago
Lucky Tan and Aaron,
There’s no way Temasek will say bad things about Ho Ching. In Singapore, the face is very important you know. Bad also must spin until good.
about 3 years ago
You know guys, I’ve just realised that with Ho Ching’s departure, Sovereign Wealth Funds are led exclusively by men again: http://tinyurl.com/bflkjm
It also seems that Singapore is the only nation who puts politicians in charge of its Sovereign Wealth Fund.
about 3 years ago
The announcement of Ho Ching’s resignation was done a few days before parliament meet to review the Singapore reserve – this was done in order not to embarrassed PM Lee or MM Lee.
Ho Ching is a an engineer by training – no experience managing a large investment company like Temasek. When the chip is down – they went out to hire CHIP..
about 5 months ago
I like the helpful info you provide in your articles. I will bookmark your weblog and check again here frequently. I am quite sure I’ll learn many new stuff right here! Best of luck for the next!
about 3 months ago
I think this is one of the most significant information for me. And i am glad reading your article. But should remark on some general things, The website style is ideal, the articles is really nice : D. Good job, cheers
about 3 months ago
I am extremely impressed with your writing skills as well as with the layout on your weblog. Is this a paid theme or did you customize it yourself? Either way keep up the excellent quality writing, it’s rare to see a nice blog like this one nowadays..
about 3 months ago
I think this is among the most important info for me. And i am glad reading your article. But want to remark on some general things, The website style is perfect, the articles is really great : D. Good job, cheers
about 2 months ago
Pretty section of content. I just stumbled upon your website and in accession capital to assert that I acquire actually enjoyed account your blog posts. Anyway I will be subscribing to your feeds and even I achievement you access consistently fast.
about 2 months ago
Fantastic beat ! I wish to apprentice while you amend your site, how can i subscribe for a blog site? The account helped me a acceptable deal. I had been tiny bit acquainted of this your broadcast provided bright clear idea
about 2 months ago
Just wish to say your article is as surprising. The clarity in your post is simply cool and i could assume you’re an expert on this subject. Well with your permission let me to grab your feed to keep updated with forthcoming post. Thanks a million and please carry on the enjoyable work.
about 2 months ago
Hi there every person. I was just browsing the web for enjoyment and arrived upon your site. Terrific post. Many thanks a great deal for sharing your practical knowledge! It’s always superior to know that some people however put in an concentration into taking care of their internet sites. I am going to make sure you look at back from time totime.
about 2 months ago
Astounding publish! I in the beginning noticed your blog page per week or so in the past, and I wish to subscribe towards your RSS feed.
about 1 week ago
Where can i get your rss feed?
about 6 days ago
I am glad to get considered one of a great number of readers on this exceptional site (:, thanks for placing up.