Bye Durai....heh~
Finally, the NKF fiasco is about to come to a close with the resignation of T.T. Durai and the board of directors. I have been an avid follower of the events that unfolded. Inital impression was that Durai is certainly a scum who has siphoned money from the public...600k per annum...my goodness...money that came from the public with the aim to aid the needy...gross eh.
Sat down and thought about it for a long while...put things in perspective...I came to realise that it isn't exactly fair to dump all the blame upon Durai. I am sure my comments will draw alot of flak if I were to publish it in several internet forums which in the past few days have transformed into a Durai and NKF bashing site of sorts. But of course there are reasons behind my latest stand. I am not saying Durai should be allowed to receive a 12months bonus...that's ridiculous...and I don't think I even need to mention his gold plated tap and the personal fleet of cars he enjoys at his disposal.
All I am saying is...his $25000 salary is very much justified considering the effort that he has put in over the years. Look where he brought NKF to. $25000 for a CEO who manages a reserve base of over 200million is definitely acceptable within my understanding. You might wanna argue that its a charity organisation he is running and a pay check like that is obscene. But think about it again...he certainly did not run NKF the way other charities are being run at the moment. To put in that extra effort to run it like an enterprise so that NKF is built up much established then other charities is not something anyone would do if u r paid a paltry sum. To put it simply, U pay peanuts...u get monkeys.
I say give him credit when its due...he did a tremendous job building up NKF...he earned his paycheck...although I still think the bonus he received was way too much. But then the crux here should be the mis-management of funds and the misrepresentation by NKF. I certainly do not condone the way they managed their funds. How much of the donations are actually being used to aid the needy? All the unnecessary expenses are certainly not accounted for. These are areas he should be faulted at. But that's about all he should be blamed for. His paycheck is determined by the board of directors. And where are they now? I find it a shame that they did not even step out to make public their opinion and stand on the current situation. In some way or another, Durai, to me, is actually made a scapegoat in some way in all the events that unfolded. I am not absolving him from blame, he should be...for the way NKF is lacking in accountabilty..and all those misrepresented facts used during donation drives. All I am saying is that he should not be the only one being cast stones at.
Okie...Durai and the board of directors have since quitted. I wonder how that helps. I am waiting to see how the newly appointed CEO will go about undertaking his task at the helm of the largest charity in Singapore. Under public scrutiny and expected to receive a much smaller paycheck, I would love to see how he is going to keep himself motivated to spur NKF to newer heights. My guess is he would not last long anyway. The problem would definitely be solved if the new CEO is someone who is not motivated by monetary gains and yet possesses the drive to make NKF a success. Try finding someone like that in Singapore...chances are the odds are heavily stacked against it.
That's about all I got to say about this fiasco. I believe my views are abit alternative and definitely do not go down well with the general public. But this is my blog eh...I couldn't care less what others think...lolz. To sum it up, I believe Durai should be made to pay for his misdeeds but at the same time...he still deserve some credit for leading NKF to where it is today. I am sure he would be the last one to agree to the lawsuit had he realised the implications. All too late though..heh. A price to pay for underestimating the local print media and the lawyer panel led by Dhavinder Singh. A heavy price definitely.
Sat down and thought about it for a long while...put things in perspective...I came to realise that it isn't exactly fair to dump all the blame upon Durai. I am sure my comments will draw alot of flak if I were to publish it in several internet forums which in the past few days have transformed into a Durai and NKF bashing site of sorts. But of course there are reasons behind my latest stand. I am not saying Durai should be allowed to receive a 12months bonus...that's ridiculous...and I don't think I even need to mention his gold plated tap and the personal fleet of cars he enjoys at his disposal.
All I am saying is...his $25000 salary is very much justified considering the effort that he has put in over the years. Look where he brought NKF to. $25000 for a CEO who manages a reserve base of over 200million is definitely acceptable within my understanding. You might wanna argue that its a charity organisation he is running and a pay check like that is obscene. But think about it again...he certainly did not run NKF the way other charities are being run at the moment. To put in that extra effort to run it like an enterprise so that NKF is built up much established then other charities is not something anyone would do if u r paid a paltry sum. To put it simply, U pay peanuts...u get monkeys.
I say give him credit when its due...he did a tremendous job building up NKF...he earned his paycheck...although I still think the bonus he received was way too much. But then the crux here should be the mis-management of funds and the misrepresentation by NKF. I certainly do not condone the way they managed their funds. How much of the donations are actually being used to aid the needy? All the unnecessary expenses are certainly not accounted for. These are areas he should be faulted at. But that's about all he should be blamed for. His paycheck is determined by the board of directors. And where are they now? I find it a shame that they did not even step out to make public their opinion and stand on the current situation. In some way or another, Durai, to me, is actually made a scapegoat in some way in all the events that unfolded. I am not absolving him from blame, he should be...for the way NKF is lacking in accountabilty..and all those misrepresented facts used during donation drives. All I am saying is that he should not be the only one being cast stones at.
Okie...Durai and the board of directors have since quitted. I wonder how that helps. I am waiting to see how the newly appointed CEO will go about undertaking his task at the helm of the largest charity in Singapore. Under public scrutiny and expected to receive a much smaller paycheck, I would love to see how he is going to keep himself motivated to spur NKF to newer heights. My guess is he would not last long anyway. The problem would definitely be solved if the new CEO is someone who is not motivated by monetary gains and yet possesses the drive to make NKF a success. Try finding someone like that in Singapore...chances are the odds are heavily stacked against it.
That's about all I got to say about this fiasco. I believe my views are abit alternative and definitely do not go down well with the general public. But this is my blog eh...I couldn't care less what others think...lolz. To sum it up, I believe Durai should be made to pay for his misdeeds but at the same time...he still deserve some credit for leading NKF to where it is today. I am sure he would be the last one to agree to the lawsuit had he realised the implications. All too late though..heh. A price to pay for underestimating the local print media and the lawyer panel led by Dhavinder Singh. A heavy price definitely.
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