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Saturday, June 20, 2015

Corporate sector abandoning Najib, says columnist

Prime Minister Datuk Seri Najib Razak is being attacked from different sides but it appears that the corporate sector is abandoning him. – The Malaysian Insider pic, June 20, 2015.Prime Minister Datuk Seri Najib Razak is being attacked from different sides but it appears that the corporate sector is abandoning him. – The Malaysian Insider pic, June 20, 2015.
Embattled Prime Minister Datuk Seri Najib Razak suffers from lack of support from the corporate sector, especially government-linked companies (GLCs), former Dewan Negara president Tan Sri Adam A. Kadir said today.

In his column in Bahasa Malaysia-language daily Sinar Harian, Adam said not a single corporate figure was speaking out in defence of Najib, who is now under attack from Tun Dr Mahathir Mohamad as well as the opposition.
He said those coming to Najib's defence were mainly politicians.

"But where are the corporate figures who earn even more than the prime minister himself?" wrote Adam.
The former Pos Malaysia chairman said that instead of defending Najib, the corporate sector felt it was natural for prime ministers to come and go.
Meanwhile, politicians were often sidelined by the corporate sector, despite having professional qualifications, he said.
"Many MPs, state assemblymen, former politicians with background in accounting, law, economy who apply for jobs in the corporate sector are passed over, even though this wealthy sector was created through political decisions," said Adam.
He said this was why Najib could gain little support from politicians who failed in their bid to apply for a corporate post.
"The prime minister's problem is that he receives little support from politicians, all because the corporates sideline them," he said.
He added that Najib's annual salary of RM285,000 was nothing compared with those who lead GLCs.
"When you compare it with the salaries of executives of GLCs, his salary is the same as middle-level staff. The CEO earn millions of ringgit, and this does not include the bonuses which also goes up to millions of ringgit," said Adam. 

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