Update: According to blogger Delta Green, the walls of the NKF HQ were vandalised with the words "Liar" spray-painted in red.
Adoi, surely vandalism is not the right way to express one's anger.
Aiyah, so fast finish. I thought it was going to be a 10-day mini-series, but in the end, it is over on Day 2. Chey, like bad sex — early withdrawal.
A few thoughts crossed my mind.
Allow me to play Devil's Advocate. If you think about it, a CEO who manages $200 million and is making $500 to $600k a year, is really underpaid. VCs who handle that kind of money are usually paid much much more, usually more than a million a year. Heck, I know of Creative Directors, who are not responsible for this kind of money, being paid more than $25,000 a month.
Of course, if you don't consider the NKF a business, then this point is moot. But I do think that it is rather naive to expect $200 million to be managed by someone being paid $60k a year. I'd be worried if that were so.
Please hor, just looking at it from another angle. Don't stop calling my 1-900 number, ok?
And I am surprised so much firepower attention was focused on the CEO, but not that much on the board that granted him his expenditure, pay and perks. Maybe that was planned for Day 3, but now we'll never know.
The second thing that crossed my mind was this: A lot of people think NKF is scary because they have sued people with their powerful lawyers. I don't know about you but after this little courtroom drama, I have decided that the organisation to be truly feared is SPH.
Their lawyer, Davinder Singh tore through the plaintiff like a hot knife through butter (or at least that's the impression I got reading ST and, er, ST).
I mean, wow, that's a lot of coverage for a court case like this. Straits Times alone threw two full pages and half the front page at this. I understand it was covered thoroughly by the other papers in the SPH stable too. The transcript of their lawyer aggressively cross-examining NKF CEO TT Durai was a good read too, but I had trouble finding the transcripts or even reports of the NKF lawyer's cross-examination of SPH and of Durai in the ST. Maybe they ran out of space in the ST, and could not cover that. Or on Day 1, it was all SPH's lawyer talking. I'm not sure.
That this news also helped move some papers too, is also a nice little bonus (pun unintended).
Who's afraid of NKF, man? I more scared of SPH. *shudder*
More online views:
Oikono: In Defense of NKF CEO's Compensation
chlim01: The NKF Trial: More Dirt on Day 2
John Lim: NKF: my little commentary
superuglyfrangipani when i grow up i wanna be CEO of NKF
Minority Man: TT Durai Vs. TT Durex
Threez: ENEMIES NOT TO HAVE LESSON 1: The Straits Times
muddynights: They should know better: The SPH NKF debacle
Minority Man: NKF CEO Earns Too Much?
