tag:blogger.com,1999:blog-8557192882205137465.post1071081969060145231..comments2024-02-21T10:51:47.184+08:00Comments on Under the Willow Tree: The Systematic Implosion of Lee Kuan Yew's "Intellectual Class"Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8557192882205137465.post-27693721549206186732012-03-02T20:16:13.908+08:002012-03-02T20:16:13.908+08:00A system of too much, easy high pay and monetary i...A system of too much, easy high pay and monetary incentives for our scholars in civil service and GLCs have dirtied them minds and lowered their moral values.<br /><br />This country needs to revamp its compensation scheme.<br /><br />Top civil servants and top executives of monopolistic GLCs (eg Singtel, SMRT, PSA, PSA, GIC, TH, etc) compensation should reflect their non-competitive status; which is a much lower pay structure from current levels.<br /><br />Ogopolistic GLCs executives should then be rewarded at most 30% higher than those in monopolistic GLCs eg Sembcorp, Keppel, NOL, SIA, etc.<br /><br />While those GLCs truly operating in global open markets with many highly competitive competitors should be determined by market, eg Capital Land overseas businesses and some local entities.Anonymousnoreply@blogger.com