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ok, fire the ceo since it is doable...
BinderyT ( Date: 06-Mar-2025 11:43) Posted:
Board is not held accountable based on whether they approved the deal or not. If it goes to court, the key questions are whether the board has executed due diligence in the review process and whether the deal was accurately presented by management and executed. Note that in Sincere' s case, the board was obviously split with a dissenting director resigning.
Firing the board is also not do-able as they also represent the majority shareholders.
finjungle ( Date: 06-Mar-2025 11:25) Posted:
Such a hugh investment would have been subjected to due diligence and reviewed by Risk Committee and before makoing the investment subject to approval by the board of directors.
Shouldn' t the whole board take full responsiblity and resigned? |
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Board is not held accountable based on whether they approved the deal or not. If it goes to court, the key questions are whether the board has executed due diligence in the review process and whether the deal was accurately presented by management and executed. Note that in Sincere' s case, the board was obviously split with a dissenting director resigning.
Firing the board is also not do-able as they also represent the majority shareholders.
finjungle ( Date: 06-Mar-2025 11:25) Posted:
Such a hugh investment would have been subjected to due diligence and reviewed by Risk Committee and before makoing the investment subject to approval by the board of directors.
Shouldn' t the whole board take full responsiblity and resigned?
BinderyT ( Date: 06-Mar-2025 10:38) Posted:
| In any normal company, a CEO who pushed and executed an initiative that resulted in $ billions of losses would have been fired long ago |
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wah...a can of worms opening now...let the witch hunt begin...
he tell me do leh..no leh, i tell u do u can dont do..
finjungle ( Date: 06-Mar-2025 11:25) Posted:
Such a hugh investment would have been subjected to due diligence and reviewed by Risk Committee and before makoing the investment subject to approval by the board of directors.
Shouldn' t the whole board take full responsiblity and resigned?
BinderyT ( Date: 06-Mar-2025 10:38) Posted:
| In any normal company, a CEO who pushed and executed an initiative that resulted in $ billions of losses would have been fired long ago |
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Such a hugh investment would have been subjected to due diligence and reviewed by Risk Committee and before makoing the investment subject to approval by the board of directors.
Shouldn' t the whole board take full responsiblity and resigned?
BinderyT ( Date: 06-Mar-2025 10:38) Posted:
In any normal company, a CEO who pushed and executed an initiative that resulted in $ billions of losses would have been fired long ago.
haizzz ( Date: 06-Mar-2025 10:35) Posted:
| Agree. CEO supposed to lead and take responsibility. Otherwise any Tom, Dick and Harry can be a CEO. |
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punters 1 - shareholders 0
MrBear12 ( Date: 06-Mar-2025 09:30) Posted:
There are no winners in this.
Lose lose
Very sad.
Shareholders crying till NOMORETEARS
tongphlp ( Date: 06-Mar-2025 09:27) Posted:
singapore pools should allow betting....how should the payout be like?
bet on SK to win - payout $1m for each $1 bet |
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yes. ceo is hired to lead the company. if all is well and good, ok and bonuses are disgustingly crazy. if losses are made (which in this case $2b), most ceos in commercial outfit would be given the sack and led to the door..except CDL..they have too many doors..
BinderyT ( Date: 06-Mar-2025 09:51) Posted:
Serman is not just the CEO but also a board member. Yes, the decision was approved by the board but Sherman, being the member who brought the deal to the table and actively pushing it as a " game changer" has to take responsibility for poor judgement. Board meets once a quarter, they rely on management who runs the company on ongoing basis.
tongphlp ( Date: 06-Mar-2025 09:16) Posted:
witch hunt!
ceo blame board members and vice versa...
i like what you said - he was merely an executer...u tell me to do i just do it.. |
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In any normal company, a CEO who pushed and executed an initiative that resulted in $ billions of losses would have been fired long ago.
haizzz ( Date: 06-Mar-2025 10:35) Posted:
| Agree. CEO supposed to lead and take responsibility. Otherwise any Tom, Dick and Harry can be a CEO. |
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Agree. CEO supposed to lead and take responsibility. Otherwise any Tom, Dick and Harry can be a CEO.
Serman is not just the CEO but also a board member. Yes, the decision was approved by the board but Sherman, being the member who brought the deal to the table and actively pushing it as a " game changer" has to take responsibility for poor judgement. Board meets once a quarter, they rely on management who runs the company on ongoing basis.
tongphlp ( Date: 06-Mar-2025 09:16) Posted:
witch hunt!
ceo blame board members and vice versa...
i like what you said - he was merely an executer...u tell me to do i just do it...
finjungle ( Date: 05-Mar-2025 19:46) Posted:
| Reading the press release by KLB, the fight is far from over. Could Sherman just lie down and take all the blame for the loss of $1.9 billion in China? One of the directors said he should concentrate on recovering the loss. Surel,y he could not make such a decision on his own. The whole board would have been involved. He was merely the executioner of the board' s decision |
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There are no winners in this.
Lose lose
Very sad.
Shareholders crying till NOMORETEARS
tongphlp ( Date: 06-Mar-2025 09:27) Posted:
singapore pools should allow betting....how should the payout be like?
bet on SK to win - payout $1m for each $1 bet?
MrBear12 ( Date: 05-Mar-2025 20:19) Posted:
Fight just started. Stay out for awhile.
Watch and lear |
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singapore pools should allow betting....how should the payout be like?
bet on SK to win - payout $1m for each $1 bet?
MrBear12 ( Date: 05-Mar-2025 20:19) Posted:
Fight just started. Stay out for awhile.
Watch and learn
finjungle ( Date: 05-Mar-2025 19:46) Posted:
| Reading the press release by KLB, the fight is far from over. Could Sherman just lie down and take all the blame for the loss of $1.9 billion in China? One of the directors said he should concentrate on recovering the loss. Surel,y he could not make such a decision on his own. The whole board would have been involved. He was merely the executioner of the board' s decision |
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witch hunt!
ceo blame board members and vice versa...
i like what you said - he was merely an executer...u tell me to do i just do it...
finjungle ( Date: 05-Mar-2025 19:46) Posted:
Reading the press release by KLB, the fight is far from over. Could Sherman just lie down and take all the blame for the loss of $1.9 billion in China? One of the directors said he should concentrate on recovering the loss. Surel,y he could not make such a decision on his own. The whole board would have been involved. He was merely the executioner of the board' s decision.
behonest ( Date: 05-Mar-2025 16:18) Posted:
| wasted, it was one of rare opportunity sig |
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more feud brewing?
superstartup ( Date: 06-Mar-2025 08:50) Posted:
King Maker Kwek Leng Chan.
Don' t support anyone.
Support splitting CDL into 2 and distribute the shares and / or further " reit" the investment assets and distribute the units bring in professionals.
Opportune time for a restructuring of CDL. |
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King Maker Kwek Leng Chan.
Don' t support anyone.
Support splitting CDL into 2 and distribute the shares and / or further " reit" the investment assets and distribute the units bring in professionals.
Opportune time for a restructuring of CDL.
Do you need to study hotel mgm to be in the industry , ? As long as you have a abalone , you can even be an advisor in this industry , but you must know who , no need to have the degree .
https://www.minichart.com.sg/2025/03/05/the-billion-dollar-battle-restructuring-looms-over-hong-leong-investment-holdings-and-cdl/
Market watchers suggest ..... could play a pivotal role in restructuring CDL, given that Davos Investment Holdings is CDL&rsquo s largest shareholder with 33.6% ownership. If a divide arises between Kwek Leng Beng and Sherman Kwek, both of whom own shares in Kwek Holdings, Davos could move to consolidate its position, potentially seeking a controlling stake of 50%. Analysts estimate that an additional $10.8 billion would be required to secure control, with a 20% control premium pushing the cost to $12.9 billion.
Fight just started. Stay out for awhile.
Watch and learn
finjungle ( Date: 05-Mar-2025 19:46) Posted:
Reading the press release by KLB, the fight is far from over. Could Sherman just lie down and take all the blame for the loss of $1.9 billion in China? One of the directors said he should concentrate on recovering the loss. Surel,y he could not make such a decision on his own. The whole board would have been involved. He was merely the executioner of the board' s decision.
behonest ( Date: 05-Mar-2025 16:18) Posted:
| wasted, it was one of rare opportunity sig |
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Reading the press release by KLB, the fight is far from over. Could Sherman just lie down and take all the blame for the loss of $1.9 billion in China? One of the directors said he should concentrate on recovering the loss. Surel,y he could not make such a decision on his own. The whole board would have been involved. He was merely the executioner of the board' s decision.
behonest ( Date: 05-Mar-2025 16:18) Posted:
wasted, it was one of rare opportunity sigh
eddyeddy ( Date: 05-Mar-2025 16:17) Posted:
| Stop reacting to a BEAST ! Once a BEAST always a BEAST |
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wasted, it was one of rare opportunity sigh
eddyeddy ( Date: 05-Mar-2025 16:17) Posted:
Stop reacting to a BEAST ! Once a BEAST always a BEAST !
FATABA ( Date: 05-Mar-2025 15:58) Posted:
Disagree...listed com-pany have to follow LISTING laws. Nothing to do w profit or not .
Dyod |
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Stop reacting to a BEAST ! Once a BEAST always a BEAST !
FATABA ( Date: 05-Mar-2025 15:58) Posted:
Disagree...listed com-pany have to follow LISTING laws. Nothing to do w profit or not .
Dyodd
MrBear12 ( Date: 05-Mar-2025 13:55) Posted:
| Even if chairman brought a bear into his company, if this bear helped.make profits, shareholders won't mind except they may avoid going for the agm with bear around.
The bottom line is profits in a corporate world.
Who profits stays.
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