The Malaysian CEO

Tan Sri Rozali Ismail, the chairman of Syarikat Bekalan Air Selangor (Syabas) and Puncak Niaga Sdn Bhd, said today the RM5.1 million salary paid to him in 2007 for running the companies was justified.“If you want professionals to run your company, you have to pay professional fees.” Rozali, was speaking in response to the disclosures from the State Water Review Panel.
Wow what a package for someone who is managing Syabas which was financially stressed due to poor management practices, among them paying Puncak Niaga RM700,000 in management fee every month. When in America the top CEO’s of profit making organisations were only paid an average of USD 400,000 -1,000,000 yet in Malaysia this loser is paid RM 5 Million? He is not alone as the CEO of TNB was also paid handsomely and selected as the best CEO even when the company he is managing is loosing money! It is all possible only in a country governed by UMNO.
How long will the rakyat be able to bear the burden of such daylight robbery? These people are nominated by the elected people representative trusting them to provide a better life to the Malaysian public! What is the Malaysian public waiting for until they scrape the entire bottom of the pot?