Playing with three sticks

The buzz being whispered about town going back and forth between market punters, gossipers and arm-chair analysts that the sudden departure of a CEO of a GLC with “Personal issues” as the excuse, is about a very delicate if not intimate ‘personal matter’.

The strange bit about the resignation that the man is only letting go of his executive function and responsibility but remained as a member of the Board of Directors (BoD).

The said married man is believed to have discovered for an intimate relationship, here in this country. It is also believed that the matter has been brought up to the attention of some of the BoD members, by his own spouse.

Across the board, this is the second surprise announcement made regarding key personalities of GLC within the Khazanah Group.

Earlier was CIMB Chairman Dato’ Seri Nazir Razak, who decided to take leave from CIMB (nothing said about Khazanah) after the recent Wall Street Journal revelation of his personal involvement of political funds channeled of the amount USD7 mil. The buzz-cock suddenly felt it was the ‘right thing to do’ (to go on leave pending investigations), for a brotherly favour he did at the same time his eldest brother Prime Minister Dato’ Sri Mohd. Najib Tun Razak was handling USD690 mil of donations, believed for political purposes.

The said CEO who had summarily resigned only completed eight and half month stewardship of a New Co. which was formed as part of the turn-around and rationalisation plan, is said to have signed a contract for three years of service.

Whether issue of morality is part of the consideration for him to remain as BoD, to serve for the remaining duration of contract cannot be ascertained.

However, at the rate of the gossip it is bound that the matter would eventually be raised by some of the 6,000 (mostly able and very productive loyalists) made redundant of the Khazanah plan to revive the GLC, in the rough tones of “They put a fucker in charge, after our lives were fucked!”.

After all, most of the 6,000 made jobless are people with families, of Malay-Muslim conservative background where infidelity is a major morality matter.

Published in: on April 20, 2016 at 17:00  Comments (3)  

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3 CommentsLeave a comment

  1. bro… a lot of fucker out there… a lot of people out of jobs…MAS…petronas..other o&g companies…other banks…

    No issue at all…

  2. In my opinion, O&G industry is not dead yet. They will come back doing fine for a period of times. The question is, how long they can last? But at least they got their time to shine.

  3. […] He was believed to be referring to a rumour about a CEO of GLC who summarily resigned despite non completion of contract period after h…. […]


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