How "appropriate" to use this picture above this headline..
Temasek's big bets gone sour
Singapore's Temasek Holdings bled S$58 billion, or 31% of its holdings, in eight months last year. By ALEX KENNEDY,Associated Press Writer
Like what we are taught in public relations, control of information flow is critical during crisis communication. This is a perfect example of information control.
Ms Ho Ching just stepped down as CEO and how timely is this release of news!? People not in the know might just associate the poor chap, who has yet to takeover, with the huge losses.
The timing for this release of bad news showed how protective Temasek Holdings are towards Ho Ching, incidentally the wife of Lee Hsien Loong, Prime Minister of Singapore. Tsk Tsk Tsk. And the article is taken from AP. I wonder how ST will angle this story. At least AP briefly mentioned in its 2nd paragraph...
"The revelation comes just days after Temasek said Chief Executive Ho Ching, the wife of Singapore's premier Lee Hsien Loong, would step down and be replaced by former BHP Billiton CEO Charles Goodyear."
There have been talks around the blogosphere about where she would go after her departure from Temasek Holdings. (refer to yawningbread.org for a tongue-in-cheek article titled - 'Re: suggested career path for Madam Ho Ching')
I'm sure the misstep wouldn't look good on her resume, afterall she was appointed CEO for Temasek Holdings on her own merits. Hmmmm... it'll be interesting to find out where she ends up after this.
The full article can be found here.
