Rm650k Merc For New Bursa Ceo

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At a time the government asked the people to "ikat perut" (tighten their belt) and it was said by no less than Tun Dr Mahathir himself, Bursa Malaysia apparently bought a RM650,000 latest model Mercedes Benz for its new CEO.

It was said that one reason the previous Bursa CEO, Datok Tajuddin Attan did not get his contract extended was his high salary.

Another reason many CEOs, Chairmen and BOD members of GLCs got sacked immediately by new government sacked were their perceived involvement with the ruling party

Both Mahathir and Chairman of CEP, Tun Daim Zainuddin said GLC CEOs should not be getting multi-million ringgit salary package.

It would mean government and GLCs should be on austerity drive and not spend money on wasteful perk like the latest launched 2018 Dream Collection Mercedes Benz that could fetch between RM530,000 to RM1.4 million.


When Tajuddin announced he will retire in February 2019, there were many names speculated but none were picked.

Finally, it was announced to be Datuk Muhammad Umar Swift, a relatively unknown and only known within the Malaysian insurance industry.

Today it is finally known that he is Australian. If he adds value and experiance no Malaysians could, it would be acceptable.

The position for new Bursa CEO and SC Chairman have been bandied abput since new government came in.

The change would have been swift, no pun intended. But a friend in the know of going ons in the industry said there were no takers.

"Who wants such a high pressured job that could get one being charged should PH government lose and paid pittance?", said the friend

With a package that could include RM650k latest Merc, this Mat Salleh would not have accepted lower salary package than his at MAA.

There was a former NST reporter that was up in arms with Datok Najib for hiring Paul Stradlen. Not that he could do Stradlen's job well, but he thinks he could do it as well and cheaper than the expatrite's pay.

The Mahathir fanatic is seen as part of Mahathir and Daim's groupie. It is a surprise that he has been quiet and allow an expat to take a post local can do.

Swift could commit a crime like Stradlen allegedly did and return to their home country to escape court charges. Quite sure he knows how it feels to be disappointed.

Frankly, it is a matter of time the low salary and no politics "policy" of Mahathir and Daim will be broken.

A member of a CEP have not been frugal for years.

(To be continued upon reaching Rantau) .

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