Our dept has no hope. Many people have quit. Vanetia, Pearly, Henry, Lai Yin, Jeff and next is Sunita.
I am reporting to nobody, properly, i shd say a bugger. He doesnt know anything, particularly doesnt care abt employee welfare.
I believe when Hema and James Leong were resigning, there will be opening at DOA KL & PJ. However, i pray, and keep my fingers cross that i will NOT be transfered to PJ are.
God, i pray that You make a way for me.
Amen.
Thursday, May 13, 2010
Tuesday, March 17, 2009
You're lucky that you still got a job!! Jokers..
AIG Pay Madness Needs a Stop From Geithner: Roger Lowenstein
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Commentary by Roger Lowenstein
March 17 (Bloomberg) -- Treasury Secretary Timothy Geithner is unhappy that American International Group Inc. is paying tens of millions in bonus payments to some of its traders.
So why doesn’t he forbid them?
The company says it’s afraid of being sued. But contrary to what lawyers and legalistic bureaucrats will tell you, there are worse things than lawsuits. Stiffing taxpayers to pay gluttonous derivatives traders -- and in the midst of an economic crisis -- is among them. To judge by his recent comments, even President Barack Obama is looking for a way to cancel the bonuses. Besides, this is a lawsuit the government just might win.
AIG is doling out $165 million to traders in the very group that caused the company to fail. The payments are part of a $450 million bonus pool that AIG agreed to early last year, when it was beginning to take on water, and when it feared that high- flying traders would jump ship.
Since then, AIG has been bailed out four times by the federal government. The taxpayers have provided AIG with $173 billion in investment and loans. That’s enough money to run the entire state of New Jersey for six years.
Although other companies have gone on the federal dole, of all the government’s corporate stepchildren, AIG is making the least progress.
Citigroup Inc., which got three bailouts, at least operated at a profit during January and February, according to its chief executive officer, Vikram Pandit. Morgan Stanley, which got a bank charter last September, is off the critical list. But the news at AIG keeps getting worse.
Worst Outrage
Ben Bernanke, the normally even-tempered Federal Reserve chairman, has said he is fuming over the way the regulated insurer used its high-rated balance sheet to run a hedge fund- type operation that helped to derail Wall Street. Lawrence Summers, the president’s top economic aide, says of all the outrages, AIG is the worst.
So why is the government allowing AIG to use its taxpayer lifeline to pay seven-figure bonuses? Seven employees will get at least $3 million and one will get $6.5 million. What kind of company pays such bonuses for a year in which it lost $99 billion -- the biggest loss ever by a U.S. corporation?
My inner jester says, “Maybe they got the sign wrong,” that is, maybe the employees will be paying back the company?
No such luck. Edward Liddy, AIG’s CEO, says he reviewed the bonus agreement, and the contracts are airtight. Liddy says the bonuses are “distasteful,” but if he doesn’t pay them, he can’t retain “the best and the brightest talent.”
Say Goodbye
In that case, he should let that “talent” go. All it has done is lose the taxpayers oceans of money. It’s time to consider folding the non-insurance part of AIG for good.
Liddy, though, works for Geithner. The U.S. government owns almost 80 percent of AIG’s stock. Assuming the checks haven’t been cashed yet, here is what Geithner should say to Liddy: “Sorry, Ed. We’ll keep track of what we promised, and maybe in a couple or three years, if AIG is earning money, and a pool exists (outside of taxpayer funds) to pay bonuses, then OK.”
If its traders end up suing to get their full bonuses, the company (and the government) could claim that the promised bonuses were a “fraudulent conveyance.” This defense is usually employed in bankruptcy cases. Under the theory of fraudulent conveyance, it is illegal to transfer assets that are needed to pay creditors. So, if the owners of a highly leveraged company give themselves a big dividend, leaving the corporation unable to service its debts, the creditors can sue to reclaim the funds.
Dire Situation
True, AIG wasn’t insolvent when the bonuses were negotiated. But it could argue that it was facing such a dire situation that it didn’t have the money it agreed to pay. Thus, the promised bonuses exposed its creditors to potential loss.
The U.S. government, which loaned the company billions of dollars, might claim this invalidates the contracts. Granted, this would be a tough case. And contracts shouldn’t be breached lightly.
This is why it would be much smarter, on all sides, to renegotiate the bonuses. Pay a very modest portion now and give the employees a chit for the rest to be redeemed later. Employees who are unhappy with such a compromise can take it to a judge. AIG then would have the option of filing for bankruptcy, rupturing the contracts, and putting an end to the derivatives business for good.
Gone Too Far
Geithner & Co. never should have allowed it to get this far. When the government agreed to the first rescue, in September, the U.S. could have demanded a waiver of bonuses as a condition. That rescue was enacted under incredible time pressure. But Henry Paulson, Treasury secretary then, did take the time to insist on the resignation of Robert Willumstad, AIG’s top executive, while denying him any golden parachute. Willumstad, who recognized that the situation was larger than himself, had the grace to agree.
It will be interesting to see if the million-dollar traders have the same sense of perspective. Of course, the only way to overhaul corporate pay, and to end such outrages, is to regulate bonuses before they are agreed upon. One remedy I have proposed would require big bonuses to get prior shareholder approval.
Now read about Ronald Logue, the CEO of State Street Corp. He received total pay of $28.7 million in 2008. The company’s stock fell 51 percent last year and his bank took $2 billion in federal bailout money. This year, the stock is down 36 percent.
Nice work, if you can get it.
source:http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_lowenstein&sid=anq1Ovj_7KBU
Share Email Print A A A
Commentary by Roger Lowenstein
March 17 (Bloomberg) -- Treasury Secretary Timothy Geithner is unhappy that American International Group Inc. is paying tens of millions in bonus payments to some of its traders.
So why doesn’t he forbid them?
The company says it’s afraid of being sued. But contrary to what lawyers and legalistic bureaucrats will tell you, there are worse things than lawsuits. Stiffing taxpayers to pay gluttonous derivatives traders -- and in the midst of an economic crisis -- is among them. To judge by his recent comments, even President Barack Obama is looking for a way to cancel the bonuses. Besides, this is a lawsuit the government just might win.
AIG is doling out $165 million to traders in the very group that caused the company to fail. The payments are part of a $450 million bonus pool that AIG agreed to early last year, when it was beginning to take on water, and when it feared that high- flying traders would jump ship.
Since then, AIG has been bailed out four times by the federal government. The taxpayers have provided AIG with $173 billion in investment and loans. That’s enough money to run the entire state of New Jersey for six years.
Although other companies have gone on the federal dole, of all the government’s corporate stepchildren, AIG is making the least progress.
Citigroup Inc., which got three bailouts, at least operated at a profit during January and February, according to its chief executive officer, Vikram Pandit. Morgan Stanley, which got a bank charter last September, is off the critical list. But the news at AIG keeps getting worse.
Worst Outrage
Ben Bernanke, the normally even-tempered Federal Reserve chairman, has said he is fuming over the way the regulated insurer used its high-rated balance sheet to run a hedge fund- type operation that helped to derail Wall Street. Lawrence Summers, the president’s top economic aide, says of all the outrages, AIG is the worst.
So why is the government allowing AIG to use its taxpayer lifeline to pay seven-figure bonuses? Seven employees will get at least $3 million and one will get $6.5 million. What kind of company pays such bonuses for a year in which it lost $99 billion -- the biggest loss ever by a U.S. corporation?
My inner jester says, “Maybe they got the sign wrong,” that is, maybe the employees will be paying back the company?
No such luck. Edward Liddy, AIG’s CEO, says he reviewed the bonus agreement, and the contracts are airtight. Liddy says the bonuses are “distasteful,” but if he doesn’t pay them, he can’t retain “the best and the brightest talent.”
Say Goodbye
In that case, he should let that “talent” go. All it has done is lose the taxpayers oceans of money. It’s time to consider folding the non-insurance part of AIG for good.
Liddy, though, works for Geithner. The U.S. government owns almost 80 percent of AIG’s stock. Assuming the checks haven’t been cashed yet, here is what Geithner should say to Liddy: “Sorry, Ed. We’ll keep track of what we promised, and maybe in a couple or three years, if AIG is earning money, and a pool exists (outside of taxpayer funds) to pay bonuses, then OK.”
If its traders end up suing to get their full bonuses, the company (and the government) could claim that the promised bonuses were a “fraudulent conveyance.” This defense is usually employed in bankruptcy cases. Under the theory of fraudulent conveyance, it is illegal to transfer assets that are needed to pay creditors. So, if the owners of a highly leveraged company give themselves a big dividend, leaving the corporation unable to service its debts, the creditors can sue to reclaim the funds.
Dire Situation
True, AIG wasn’t insolvent when the bonuses were negotiated. But it could argue that it was facing such a dire situation that it didn’t have the money it agreed to pay. Thus, the promised bonuses exposed its creditors to potential loss.
The U.S. government, which loaned the company billions of dollars, might claim this invalidates the contracts. Granted, this would be a tough case. And contracts shouldn’t be breached lightly.
This is why it would be much smarter, on all sides, to renegotiate the bonuses. Pay a very modest portion now and give the employees a chit for the rest to be redeemed later. Employees who are unhappy with such a compromise can take it to a judge. AIG then would have the option of filing for bankruptcy, rupturing the contracts, and putting an end to the derivatives business for good.
Gone Too Far
Geithner & Co. never should have allowed it to get this far. When the government agreed to the first rescue, in September, the U.S. could have demanded a waiver of bonuses as a condition. That rescue was enacted under incredible time pressure. But Henry Paulson, Treasury secretary then, did take the time to insist on the resignation of Robert Willumstad, AIG’s top executive, while denying him any golden parachute. Willumstad, who recognized that the situation was larger than himself, had the grace to agree.
It will be interesting to see if the million-dollar traders have the same sense of perspective. Of course, the only way to overhaul corporate pay, and to end such outrages, is to regulate bonuses before they are agreed upon. One remedy I have proposed would require big bonuses to get prior shareholder approval.
Now read about Ronald Logue, the CEO of State Street Corp. He received total pay of $28.7 million in 2008. The company’s stock fell 51 percent last year and his bank took $2 billion in federal bailout money. This year, the stock is down 36 percent.
Nice work, if you can get it.
source:http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_lowenstein&sid=anq1Ovj_7KBU
Friday, February 6, 2009
Next Critical Things To Pick Up
Brand Manager (BM) is responsible for managing the health (volumes, turnover and brand equity) of the brand for which he/she works. An ABM is expected to deeply understand and analyze the business, and then use this to develop/execute a powerful marketing plan that will build business. A Marketing Plan is a strategy / series of choices, which identifies specific marketing decisions and actions.You will also be required to regularly analyze business results and progress by doing financial and competitive research. Additional responsibilities include:
Advertising - creative brief development, copy evaluation, copy clearance, commercial production and media planning (working with media manager).
Promotion - promotion and pricing strategy and execution.
Consumer / Customer Training - consumer decision-making, customer operations, customer decision-making and market segmentation.
Complex Business and Financial Analysis.
Interpersonal Projects -coaching & training, recruiting, multi-functional teamwork.
Advertising - creative brief development, copy evaluation, copy clearance, commercial production and media planning (working with media manager).
Promotion - promotion and pricing strategy and execution.
Consumer / Customer Training - consumer decision-making, customer operations, customer decision-making and market segmentation.
Complex Business and Financial Analysis.
Interpersonal Projects -coaching & training, recruiting, multi-functional teamwork.
Wednesday, February 4, 2009
青山依旧在，几度夕阳红; 古今多少事，都付笑谈中
临江仙
杨慎
滚滚长江东逝水，浪花淘尽英雄。是非成败转头空：青山依旧在，几度夕阳红。
白发渔樵江渚上，惯看秋月春风。一壶浊酒喜相逢：古今多少事，都付笑谈中。
词的开首两句令人想到杜甫的“无边落木萧萧下，不尽长江滚滚来”和苏轼的“大江东去，浪淘尽千古风流人物”，以一去不返的江水比喻历史的进程，用后浪推前浪来比喻英雄叱咤风云的丰功伟绩。然而这一切终将被历史的长河带走。“是非成败转头空”是对上两句历史现象的总结， 从中也可看出作者旷达超脱的人生 观。“青山依旧在，几度夕阳红”，青山和夕阳象征着自然界和宇宙的亘古悠长，尽管历代兴亡盛哀、循环往复，但青山和夕阳都不会随之改变，一种人生易逝的悲伤感悄然而生。下片为我们展现了一个白发渔樵的形象,任它惊骇涛浪、是非成败,他只着意于春风秋月，在握杯把酒的谈笑间，固守一份宁静与淡泊。而这位老者不是一般的渔樵，而是通晓古今的高士，就更见他淡泊超脱的襟怀，这正是作者所追求的理想人格。
全词似怀古，似物志。开篇从大处落笔，切入历史的宏流，四、五句在景语中富哲理、意境深邃。下片则具体刻画了老翁形象，在其生活环境、生活情趣中寄托自己的人生理想，从而表现出一种大彻大悟的历史观和人生观。
杨慎
滚滚长江东逝水，浪花淘尽英雄。是非成败转头空：青山依旧在，几度夕阳红。
白发渔樵江渚上，惯看秋月春风。一壶浊酒喜相逢：古今多少事，都付笑谈中。
词的开首两句令人想到杜甫的“无边落木萧萧下，不尽长江滚滚来”和苏轼的“大江东去，浪淘尽千古风流人物”，以一去不返的江水比喻历史的进程，用后浪推前浪来比喻英雄叱咤风云的丰功伟绩。然而这一切终将被历史的长河带走。“是非成败转头空”是对上两句历史现象的总结， 从中也可看出作者旷达超脱的人生 观。“青山依旧在，几度夕阳红”，青山和夕阳象征着自然界和宇宙的亘古悠长，尽管历代兴亡盛哀、循环往复，但青山和夕阳都不会随之改变，一种人生易逝的悲伤感悄然而生。下片为我们展现了一个白发渔樵的形象,任它惊骇涛浪、是非成败,他只着意于春风秋月，在握杯把酒的谈笑间，固守一份宁静与淡泊。而这位老者不是一般的渔樵，而是通晓古今的高士，就更见他淡泊超脱的襟怀，这正是作者所追求的理想人格。
全词似怀古，似物志。开篇从大处落笔，切入历史的宏流，四、五句在景语中富哲理、意境深邃。下片则具体刻画了老翁形象，在其生活环境、生活情趣中寄托自己的人生理想，从而表现出一种大彻大悟的历史观和人生观。
Monday, January 26, 2009
Monday, December 29, 2008
Made in Japan
新聞報導指出他從小家教甚嚴，父親常常打他，逼迫他讀書，縱然內心抗拒卻也把書讀好，只是常常有尋短念頭，逃家、吸毒、偷竊等是家常便飯，或許這次尋短就如其他A片女星從小患有憂鬱症是一樣關係。
這不得不說回到日本的社會跟家庭，在日本家中媽媽多半是帶小孩、做家事打點大小事情，先生而則是早上與小孩一起吃早餐（家裡平日唯一的聚餐）然後搭著電車搖個一兩個小時上班去，加班後跟同事或自己去吃個飯喝一杯在搖搖晃晃拖著疲憊的身體回到家，可能都十點半十一點以後了，這時候小一點的小孩可能已經就寢，大一點的小孩才準備要回家，與父親等互動更是少的可憐，若晚上會有互動多數是因為考試成績不好，被由床上活活拖起來臭罵一頓，小孩看不起大人、大人覺得小孩不夠好。狹小的生活空間、制式機械化的人際互動、生活壓力、學業壓力、不善於表達跟壓抑的民族性格、缺乏關愛，逐漸侵蝕著許多小孩、年輕人的內心世界，埋下了一個定時炸彈。
source: http://www.hsiaoi.com/blog/?p=341
這不得不說回到日本的社會跟家庭，在日本家中媽媽多半是帶小孩、做家事打點大小事情，先生而則是早上與小孩一起吃早餐（家裡平日唯一的聚餐）然後搭著電車搖個一兩個小時上班去，加班後跟同事或自己去吃個飯喝一杯在搖搖晃晃拖著疲憊的身體回到家，可能都十點半十一點以後了，這時候小一點的小孩可能已經就寢，大一點的小孩才準備要回家，與父親等互動更是少的可憐，若晚上會有互動多數是因為考試成績不好，被由床上活活拖起來臭罵一頓，小孩看不起大人、大人覺得小孩不夠好。狹小的生活空間、制式機械化的人際互動、生活壓力、學業壓力、不善於表達跟壓抑的民族性格、缺乏關愛，逐漸侵蝕著許多小孩、年輕人的內心世界，埋下了一個定時炸彈。
source: http://www.hsiaoi.com/blog/?p=341
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