Syabas! For record remunerations when company owes billions

The best part was when a small group of shareholders think he is worth every million payable to him!

A quick look at the history of Selangor's water privatisation during Khir Toyo's time would confirm people's suspicions that everything Umno touches would benefit certain cronies at the expense of the people. The good thing is that the excesses costed Umno the most valuable state in Malaysia.

Selangor administration under Pakatan tried to undo as much as possible the lop-sided contracts but without success in their first term. Now, the federal government had finally given its approval, after Selangor MB conceded the necessity of having Langat 2. It seems like a compromise to settle once and for, the water woes of the people (much of it created to discredit Pakatan MB's efforts, to the extent of filming water shortage acted for propaganda purposes).

For 2012, Chairman Rozali Ismail will be paid a record Rm33.4, presumably as a form of golden handshake. But it was shameless by any standard, for someone to benefit himself to such an extent, when the company owes billions, especially when it involves water, a natural commodity which we all need to survive and which we have in abundance naturally.

That the water privatisation was deliberately planned to benefit the then state ruling party and its cronies was obvious, especially when it was done after Penang had successfully privatised water efficiently to benefit the people, surprisingly under another component party of BN, Gerakan. It was for a different reason that Gerakan lost control of Penang in GE12, and coud not regain it in GE13.

More on the matter from some selected comments in Malaysiakini:
http://www.malaysiakini.com/news/234847

-KoSong