The Tales of Boldy and Tommy...the intro

Heheheh... I feel really wicked doing this but what the heck... If this is the only way I have to just vent out a "bit" of my frustration at these two clowns, then so be it!

To begin with, Boldy and Tommy are quite smart people in their own right but somehow for reasons not to be revealed as yet, they have been quite vindicative and going on a witch-hunt of some sort.

Background..

Boldy and Tommy have been made the Executive Directors of a major automotive parts supplier upon the takeover of the company (also another story on its own.. coming soon later) about a year ago. In fact, these two people are almost self-appointed as out of the blue, by association with the new major shareholder, they are the EDs of the company. The company is not bad by any Malaysian standard, producing an important part for the automotive industries with turnover of reaching in the hundreds of millions. Prior to the arrivals of these two "management gurus", the company was managed well... it did ok. Profit was there... cost could be a bit on the high side but fundamentally it was ok. So, here comes Mr Boldy and Mr Tommy... unleashing their "cost cutting blades" almost as swiftly as a surgeon in an operating theatre. Everything was cut... allowances, company cars... what can be cut we cut. Of course, it made them look oh-so-good to major shareholder but the problem with these two "gurus" is that they are just not addressing the real issue of the company (I am sorry, I just can't reveal that... ethical issue here...). Of coursem they also did the usual shuffling people here and there... which for me, does not create any value whatsoever to the company. Why make changes just for changes sake ? Come on, address the real issue la!

The best thing... while they are cutting and snipping here and there... these two management experts had the gall to increase their own salary. Yes, they did that. Of course, hidden under the ever vague Entertainment Allowance. What the heck does an ED handling finance need RM2k in entertainment allowance for?? Where is the corporate gorvanance issue here? Being directors they need to present any of these increase to the Rumeneration Commitee for approval, which in turn, would propose it to the board and get it endorse. Did they do that ? Of course not! How to bypass ? Easy.... also propose for an increase in the Chairman's allowance and he would gladly sign it too ! But wait a minute... despite having majority control, there are other shareholder's and directors too. Governance, Boldy and Tommy... kata professional sangat ! Mengutuk orang kiri kanan tak ingat dunia... semua org salah... (btw, I know the things you have said about me behind my back... trust me, you'll get it one day... esp you Boldy).

We will continue again.... it gets juicier...