THE EARLY STENCH OF DEATH SPREADS: MALAY ELITES RUSH TO CASH OUT AS NAJIB REGIME TOTTERS

FGV OFFERS VSS TO SENIOR STAFF ONLY

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Felda Global Ventures introduced (VSS) for general managers and above

initiative has to begin from the top

signal that we are making tough decisions

to enhance confidence of shareholders stakeholders

GMs, senior GMs, VPs including myself taking 15% cuts to allowances

part of company’s frugal cost management initiative

236 senior management staff received offer

My comments : Banyak cantik. Slick talk. Since FGV is not going anywhere lately, these people may be out of work anyway. So what do they do? They cash out. Thats how it comes across to me.

Err . . I have a question. What if all the 236 senior staff take up the offer? Which they should. Instead of getting rid of non performers, they are throwing cash at them.

And what exactly does it mean “taking 15% cuts to allowances” ??

What allowances? Medical claims allowances?

What kind of a sacrifice is that?

That is no sacrifice.

Why not take a 15% cut to your monthly salaries?

That would be more meaningful wouldnt it?

What about the junior staff?

No VSS for the coolies and the machais?

The top creams off the money?

And just how many  millions is this going to cost the company and the Felda folks?

Lets see how the share price of FGV reacts.

– http://syedsoutsidethebox.blogspot.my/