Friday, May 28, 2010

The Fall of Idris Jala

When Idris Jala accepted the offer by Najib to join the BN government, I predicted that it would be the beginning of the end of his glorious image of one who brought MAS back to profitability. Many others had also expressed the same views.
With his recent annoucement that the country would go bankrupt in 2019 if subsidies were not removed, he has clearly shown that he has left his brains at home.  2019 is just a year before 2020 when the country would be declared a developed state, so how he came to such a conclusion is really baffling.  With vast natural resources at our disposal to tap into (as compared to our next door neighbour which is only a small dot)), on what basis did he base his assumptions? Moereover, the Prime Minister had announced sometime back that the country is back on the road to, not only economic recovery, but STRONG economic trecovery. So who do we believe?
In his announcement, Idris is also placing the cart before the horse. He should first be pointing out how our money is lost through corruption, leakages, commission and bale-outs. For instance, every year we lost RM20 billion through the payment of commission for building houses, stadiums and buying submarines (that cannot submerge). In short he should advise the government on how to get to the root cause of our impending bankruptcy, and not on how to deal with the symptoms. Granted that subsidies had to be removed gradually, but if he had put the horse in front (spell out the root causes of the problem) then place the cart behind (steps to take to remove the subsidies as per his announcements), then the rakyat would probably be more amiable to his plans. 
Secondly, Idris has also shown his inexeperience as a government servant. He must realise that he is not dealing with a set group of people as in Shell or MAS. In such a scenerio, he being the CEO, can dictate his terms and the employees can leave or be sacked. But here he is dealing with the rakyat of Malaysia, 11.5 million work force. and he cannot employ the same tactic as he did in MAS.
Removing subsidies affect the poor. Removeing the root cause affect the rich, especially in umno.
Finally on a personal note. I have relatives and friends who worked in MAS when you were the CEO, but sad to say, most of them are embarrassed when your name is being mentioned in their presence. Do the honorable thing. Call a spade a spade, and if cannot, do the Zaid Ibrahim.

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