Wt_know Supersonic November 6, 2014 Share November 6, 2014 not to you only la ... it's quite obvious! to me, it looks like he was sacked ↡ Advertisement Link to post Share on other sites More sharing options...
Forte3737 5th Gear November 6, 2014 Share November 6, 2014 Poor thing, how to feed himself now? not to you only la ... it's quite obvious! Maybe the CEO can get a better person from the Army, Navy or Airforce? 3 gone in 3 years.............I know finance ppl have code of conduct........ something missing with the book???............. SMRT CFO resigns after eight months, last day Nov 9 SMRT Corp's group chief financial officer, Sam Ong Eng Keang, has resigned after eight months on the job and his last day will be Nov 9. The transport operator said in a release on Tuesday that Mr Ong, who joined SMRT on March 1, 2014, is leaving to "pursue philanthropic interests and business prospects". Pending the appointment of a new CFO to replace Mr Ong, the responsibilities of the CFO will be covered by Cindy Lau, its vice-president of group finance & shared services. Some analysts were surprised by Mr Ong's rather short stay. He joined SMRT from Singapore-listed waste water management firm Hyflux, where he was group senior executive vice-president and deputy CEO. SMRT said its CFO provides the overall leadership to the finance function of the group. The CFO is also expected to play a key role in developing, monitoring and evaluating overall corporate strategy with the chief executive officer and leaders of business units with emphasis on bottomline performance, working capital and enhancing shareholder value. "This position provides useful financial insights to help make better decisions about formulating and executing strategy. Major responsibilities include corporate governance, accounting, treasury, investments and financial reporting,'' SMRT said. An analyst said while the sudden departure of the CFO would be taken as a red flag for most companies, "we believe this should be an exception due to SMRT's history of strong corporate governance and majority ownership by Temasek". Furthermore, SMRT had just reported a stellar set of Q2 2015 results indicating a strong earnings recovery on the back of higher fares, lower costs and operating efficiencies. Net profit spiked up 75.5 per cent to S$25.3 million for the second quarter ended Sept 30 on improved performance in its train and bus operations, as well as higher profitability from its taxi, rental and advertising businesses. Revenue was 6.0 per cent higher at S$314.0 million compared to the same period a year ago. Looking ahead, SMRT said the fare business environment will continue to be challenging owing to heightened operational demands on service and capacity. http://www.businesstimes.com.sg/companies-markets/smrt-cfo-resigns-after-eight-months-last-day-nov-9 Link to post Share on other sites More sharing options...
Wt_know Supersonic November 6, 2014 Share November 6, 2014 (edited) you worry about his feeding? muahahaha ... he probably has few millions in asset + cash + porky + rolexes liao just concentrate on philanthropic interests interests la if no few millions ... how to be a philanthrophy ... lol anyway, no worry la ... this kind of people are in the who-know-who circle ... before you know it ... he is working in some listed company liao Poor thing, how to feed himself now? Maybe the CEO can get a better person from the Army, Navy or Airforce? Edited November 6, 2014 by Wt_know Link to post Share on other sites More sharing options...
Duckduck Turbocharged November 6, 2014 Share November 6, 2014 Maybe the CEO can get a better person from the Army, Navy or Airforce? dunch wori! paratrooping in more dogs to save the day! 1 Link to post Share on other sites More sharing options...
Ktglfc Hypersonic November 6, 2014 Share November 6, 2014 you worry about his feeding? muahahaha ... he probably has few millions in asset + cash + porky + rolexes liao and concentrate on philantropic interests ... if no few millions ... how do have philantropic interests? Ya, agreed ! No need to worry for him, cos he would have tonnes of cash / stocks / property stashed somewhere liao... Link to post Share on other sites More sharing options...
Forte3737 5th Gear November 6, 2014 Share November 6, 2014 But dun get the wrong dog to do the job ok dunch wori! paratrooping in more dogs to save the day! Link to post Share on other sites More sharing options...
Picnic06-Biante15 Supersonic November 6, 2014 Share November 6, 2014 (edited) 3 gone in 3 years.............I know finance ppl have code of conduct........ something missing with the book???............. SMRT CFO resigns after eight months, last day Nov 9 Very simple..... The CFO cannot work with the CEO cos both from SAF before and so their 'phuay ji buay gum' aka "yen chia lu chye" (can't see eye to eye) ...... CFO 'lun chin ku leow' and buay tahan, resign lor ... Edited November 6, 2014 by Picnic06 Link to post Share on other sites More sharing options...
Wt_know Supersonic November 6, 2014 Share November 6, 2014 (edited) yalor ... better worry about people who kneel if kena scam 1 x iphone every dollar every cent earned got sweat and blood ... Ya, agreed ! No need to worry for him, cos he would have tonnes of cash / stocks / property stashed somewhere liao... Edited November 6, 2014 by Wt_know Link to post Share on other sites More sharing options...
Sturtles 6th Gear November 6, 2014 Share November 6, 2014 Very simple..... The CFO cannot work with the CEO cos both from SAF before and so their 'phuay ji buay gum' aka "yen chia lu chye" (can't see eye to eye) ...... CFO 'lun chin ku leow' and buay tahan, resign lor ... Don't think SAF personnel are equipped with the relevant skills for CFO role. Sam should not be from SAF... misleading leh your postings... Link to post Share on other sites More sharing options...
Picnic06-Biante15 Supersonic November 6, 2014 Share November 6, 2014 (edited) Don't think SAF personnel are equipped with the relevant skills for CFO role. Sam should not be from SAF... misleading leh your postings... MINDEF also recuit Accountant or FO to check balance cos SAF gets the biggest yearly budget allocations by gov in billions $$$$$. Second biggest is MOE..... Accountants are mostly U graduate and so 'Officer' rank lor..... Through years of working, sure got promotion ... Edited November 6, 2014 by Picnic06 Link to post Share on other sites More sharing options...
Duckduck Turbocharged November 6, 2014 Share November 6, 2014 But dun get the wrong dog to do the job ok which hero war dog will it be this time? army? navy? airforce? Link to post Share on other sites More sharing options...
Sturtles 6th Gear November 6, 2014 Share November 6, 2014 MINDEF also recuit Accountant or FO to check balance cos SAF gets the biggest yearly budget allocations by gov in billions $$$$$. Second biggest is MOE..... Accountants are mostly U graduate and so 'Officer' rank lor..... Through years of working, sure got promotion ... So you confirm Sam's career background is in SAF? Link to post Share on other sites More sharing options...
Duckduck Turbocharged November 6, 2014 Share November 6, 2014 ayah i know: olivier lim.. former capitaland cfo quit recently.. can easily take over smrt cfo job Link to post Share on other sites More sharing options...
Picnic06-Biante15 Supersonic November 6, 2014 Share November 6, 2014 So you confirm Sam's career background is in SAF? Every male citizen of Singapore have to go through the background of SAF ... Fulltime 2 yrs and another 20 yrs part-time (reservist) ... Link to post Share on other sites More sharing options...
Joseph22 Turbocharged November 6, 2014 Share November 6, 2014 Very simple..... The CFO cannot work with the CEO cos both from SAF before and so their 'phuay ji buay gum' aka "yen chia lu chye" (can't see eye to eye) ...... CFO 'lun chin ku leow' and buay tahan, resign lor ... maybe one of them give the other one extra during army day. and they kee tiao tiao. Link to post Share on other sites More sharing options...
Celicar Turbocharged November 6, 2014 Share November 6, 2014 An analyst said while the sudden departure of the CFO would be taken as a red flag for most companies, "we believe this should be an exception due to SMRT's history of strong corporate governance and majority ownership by Temasek". What is this guy talking? If the corp governance is really that strong and Temasek majority ownership is a plus, then won't the CFO serve longer? So is it a red flag that CEO has stayed longer than 8 months? When will such resignations be a red flag? 1 Link to post Share on other sites More sharing options...
Joseph22 Turbocharged November 6, 2014 Share November 6, 2014 What is this guy talking? If the corp governance is really that strong and Temasek majority ownership is a plus, then won't the CFO serve longer? So is it a red flag that CEO has stayed longer than 8 months? When will such resignations be a red flag? TBF, some job even if the company is doing well and nothing bad is going on... people go in only will leave. cause too many sai kang to do.. and the sai kang not related to work somemore. Link to post Share on other sites More sharing options...
Tianmo Hypersonic November 6, 2014 Author Share November 6, 2014 What is this guy talking? If the corp governance is really that strong and Temasek majority ownership is a plus, then won't the CFO serve longer? So is it a red flag that CEO has stayed longer than 8 months? When will such resignations be a red flag? he waned to say something is wrong.....................but he somehow didnt want to spell out totally........ ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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