Tony Fernandes asked, "My point is that if you are running a private company, could you afford to cut 16% of your costs and still lose RM1 billion?" (18 Feb 2014).
"It's only because it is taxpayers' money that one can afford to do that. And this isn't solving the issue"
Khazanah 12 points plan to turnaround MAS came up in early September 2014.
My 2 sen thoughts:
Nothing have changed and nothing will change based on track record. If we can read between the line, Tony said it's because it is taxpayers' money. Period. (Accountability not required)
Khazanah, is alway been and always will be, using taxpayers' money. Head I win, tail you lose. Taxpayers' is always bearing the brunt for the government. This is not the first time, neither this will be the last. In respect of the 12 points have given us hope, yes, it gave us what exactly we need, 12 hopes.
Of course, someone said, do you have a better idea? I said yes, merged it with AirAsia or let the single largest be held by private owner, instead of substantially held by taxpayers' money. That is REAL CHANGE, not same old wine in different bottles, it was the wine, not the bottle that it didn't taste right.
(Will look back many years from now to see my judgement is correct, I mean my basis of coming to that judgement, track record and ownership and accountability)
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