Monday, June 22, 2009

Lulu Wonders If Pak Lah Draws A Salary At MAS

Malaysia Airlines (MAS) reported an operating loss of RM138mil in the first quarter ended March 31 compared with an operating profit of RM133mil in the same quarter last year.

They are now looking at various areas to further reduce costs. Executive director and chief financial officer Tengku Azmil Zahruddin said the company was currently talking to employees and exploring additional cost-reduction measures, including reduced work days and pay cuts across the board.

Which got Lulu thinking.

Pak Lah, upon retiring as PM was appointed adviser, Malaysia Airlines (MAS) effective May 1. MAS welcomed Abdullah with his "wide experience" and "extensive contacts" to the non-executive appointment and looked forward to a beneficial association with him. Lulu is wondering if he is getting paid as an advisor. He probably is.

The thing is, you and Lulu knows, Pak Lah not very bright. His "wide experience" probably refers to the many times he sat on a plane. Extensive contacts could mean anything, and not necessarily add value to the position unless they are talking about pulling cables.

So, Lulu can't help but think that MAS should "cut the fat, eradicate waste and boost productivity without having to worry about offending the sacred cows, dead wood and Little Napoleons", and they should start by ridding themself of their non-value added advisor.

4 comments:

moo_t said...

MAS lost millions because some smart alecks inside MAS hedge the oil to make quick money than hedge enough for own usage.

denzook said...

"non-value added advisor"

for good sake, why don you have a bit respect to our former premier......

Richard Loh said...

Hi lulu,

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carboncopy said...

Pak Lah have experience nobody else have leh.

He bought 9MNAA not using a single cent of his own money. Got it furbish to his taste. And then got a private company to lease the company back to government.

Very important experience in the airline industry.