Thursday, September 17, 2009

Global Recession Less Harmful than Sithanen

So far. That's what more and more voters of Belle-Rose/Quatre-Bornes are concluding. And they are perfectly right. I mean can the Finance Minister tell us what's the link between toxic financial assets almost breaking the US economy and the STC losing Rs3 billion on hedging exposures they don't even have?

Just like MK can't really blame factors beyond its control for its trouble. They got themselves in a mess because of a flawed commercial policy and because too many board members don't know what board members are supposed to do. And nothing much is going to change because they're not doing anything different.
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2 comments:

  1. Kozémotandé18 September, 2009 10:30

    Governments have the nasty and sadistic habits of inflicting sufferings on themselves. The Board of Directors of State Owned Entities have the huge responsibilty to deliver the mandate given by the people to Government. The choice of these Directors should logically be made with the utmost care and attention. This is not the case. The Directors most often dance to their own tunes and because they are not directly accountable to the people they get away so easily and come back when their protectors are back in power. Can anything more serious be done to give back the powers to the people whenever a nomination is made and to have a more effective accountability mechanism?

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  2. Sanjay Jagatsingh08 October, 2009 19:42

    Wi. Bizin ena ene 2-3 vre lider a la tet pei. Pa ene fis a papa insekir.

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