Tuesday, January 13, 2009

old farts running glc's

i have been reading with interest the activities of sime darby of late, particularly as the ceo is from my alumni. it is very clear from reading the various plans that sime is in desperate need for growth as most of it's traditional activities have either reached a plateau or in dire decline. it's attempt to takeover ijn was definitely a strategic mistake. it would have been better for sime to expand and enhance sjmc ,it definitely has the financial resources and expertise can be hired. the labu airport is another fiasco. if anything, the management rightly stand to be accused of being sterile, not innovative at all. it's about time the management put on their innovative cap and bring sime into the 21st. century. but in all these years since the takeover by pnb, sime is akin to a once pretty lady very much in decline and what most seem to have missed is that the directors are a bunch of old farts who have refused to be put to pasture. their only clain of legitimacy is either being retired civil servants or politicians. this is where the change is most required. what sime needs are innovative and energetic directors who have cut their teeth in the private sector to guide sime into innovative,exciting and sexy new era, maybe someone similar to tan sri hassan merican. then again, is there anyone else out there like tan sri hassan. put out all these old farts to pasture, their time is up.these old farts seems to have no business ideas other than pirating what is already in place and hijacking them from the rakyat, man that's easy, any ahmad, muthu or ah chong can do that.

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