SNA - OPINION: What Lessons does the Olympus Saga hold for Singapore SWFs?

Reinventing the Rice Bowl, 3 Nov 2011 The Olympus affair would appear to have uncanny parallels with the resignation of Chip Goodyear as CEO-designate of Temasek, a few months after being appointed. In this case there was no public sacking. Instead the resignation was supposedly by mutual agreement citing “unresolved strategic differences”. The lack of explanation failed to satisfy Singaporeans. It is notable that when pressed in Parliament to elaborate on the reasons for the resignation Finance Minister Tharman said that it would not be in the public interest to do so.

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