Burger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
Someone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
The youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
Burger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
Someone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
The youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
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Honestly, when Tin Pei Ling announced her new role at Grab, I thought it was just a formality.
From Grab’s perspective, of course they hired her precisely for her experience, network, connections and influence in politics, policies and social clout.
When you hire someone prominent like her, who spent more than a decade in politics, you don’t exactly hire her for her coding skills or design chops right?
But so many people had issues with the job scope and her impartiality.
“Member of Parliament (MP) Tin Pei Ling and Grab Singapore have “mutually agreed” to change her job scope, after questions were raised about potential conflicts of interest.”
Interesting.
So Grab changed her job scope, but frankly, who’s stopping her from using her influence, access and networks to get things done?
Was there really a conflict of interest?
Can she really be impartial?

Is it logical and practical to expect her to NOT use her political clout, influence and access?
Why wouldn’t she?
She is a person of skill, intelligence, strong networks and good reputation.
Business at the highest levels rely on precisely those things!
Why can’t she employ all of these tools in her arsenal to the best effect possible?
If you were her employee, wouldn’t you want her to do just that?
It is like buying a car and only being able to use half the function or drive up to 50km/h.
It is neither practical or sensible for any business.
Businesses have a fiduciary responsibility to make money for their shareholders.
They should get their money’s worth when they employ someone as useful as her.

It is illogical to expect her to stifle her own potential and not use all of the resources at her disposal.
The main issue here is maintaining a level playing field for other employees.
If one person has access to privileged information or gets preferential treatment, then it creates an unlevel playing field that disadvantages other employees.
It is, therefore, incumbent on the employer to ensure that everyone is treated equally and no one person has an unfair advantage.
The employer must also ensure that the employee is aware of their responsibilities and duties so they can be sure they are not abusing their power for personal gain.

Another perspective:
Pei Ling got a new role at Grab dealing with public affairs and policy work in Singapore.
People starting jawing and probing.
She declared impartiality and tried to soothe the naysayers.
Didn’t work.
So PAP did another round of talks with her to clarify further.
Turns out, there was indeed some serious conflict of interests and she had to assume a completely new role at Grab.
Director of Corporate Development, whose duties will include “realising synergies across our investments and acquisitions, as well as supporting strategy development”.
Translation: utilise your skills, resources and everything you have to strategize and make more money for the company”.
Perhaps that includes tapping on her clout and access to important people too.

So all that gossiping and complaining actually did something.
It alerted the relevant parties and surfaced the issue to the right people, which may otherwise be swept under the rug.
Turns all the complaining and yapping by netizens actually works eh?
Well, maybe the next time we feel the urge to complain about something, it might not just be for show.
If it is inherently wrong, false or something seems off, we do have the right to sound off.
And yes, for those wondering, these are the kind of news that makes the headlines in sunny Singapore. =)
-
Should sitting Members of Parliament be allowed to have full-time jobs?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #tinpeiling #singapore #politics #grab #publicpolicy #corporate #jobs #conflictofinterest

Honestly, when Tin Pei Ling announced her new role at Grab, I thought it was just a formality.
From Grab’s perspective, of course they hired her precisely for her experience, network, connections and influence in politics, policies and social clout.
When you hire someone prominent like her, who spent more than a decade in politics, you don’t exactly hire her for her coding skills or design chops right?
But so many people had issues with the job scope and her impartiality.
“Member of Parliament (MP) Tin Pei Ling and Grab Singapore have “mutually agreed” to change her job scope, after questions were raised about potential conflicts of interest.”
Interesting.
So Grab changed her job scope, but frankly, who’s stopping her from using her influence, access and networks to get things done?
Was there really a conflict of interest?
Can she really be impartial?

Is it logical and practical to expect her to NOT use her political clout, influence and access?
Why wouldn’t she?
She is a person of skill, intelligence, strong networks and good reputation.
Business at the highest levels rely on precisely those things!
Why can’t she employ all of these tools in her arsenal to the best effect possible?
If you were her employee, wouldn’t you want her to do just that?
It is like buying a car and only being able to use half the function or drive up to 50km/h.
It is neither practical or sensible for any business.
Businesses have a fiduciary responsibility to make money for their shareholders.
They should get their money’s worth when they employ someone as useful as her.

It is illogical to expect her to stifle her own potential and not use all of the resources at her disposal.
The main issue here is maintaining a level playing field for other employees.
If one person has access to privileged information or gets preferential treatment, then it creates an unlevel playing field that disadvantages other employees.
It is, therefore, incumbent on the employer to ensure that everyone is treated equally and no one person has an unfair advantage.
The employer must also ensure that the employee is aware of their responsibilities and duties so they can be sure they are not abusing their power for personal gain.

Another perspective:
Pei Ling got a new role at Grab dealing with public affairs and policy work in Singapore.
People starting jawing and probing.
She declared impartiality and tried to soothe the naysayers.
Didn’t work.
So PAP did another round of talks with her to clarify further.
Turns out, there was indeed some serious conflict of interests and she had to assume a completely new role at Grab.
Director of Corporate Development, whose duties will include “realising synergies across our investments and acquisitions, as well as supporting strategy development”.
Translation: utilise your skills, resources and everything you have to strategize and make more money for the company”.
Perhaps that includes tapping on her clout and access to important people too.

So all that gossiping and complaining actually did something.
It alerted the relevant parties and surfaced the issue to the right people, which may otherwise be swept under the rug.
Turns all the complaining and yapping by netizens actually works eh?
Well, maybe the next time we feel the urge to complain about something, it might not just be for show.
If it is inherently wrong, false or something seems off, we do have the right to sound off.
And yes, for those wondering, these are the kind of news that makes the headlines in sunny Singapore. =)
-
Should sitting Members of Parliament be allowed to have full-time jobs?
-
#startups #business #startupx #growth #success #socialmedia #culture #entrepreneurship #strategy #eth #btc #crypto #tinpeiling #singapore #politics #grab #publicpolicy #corporate #jobs #conflictofinterest
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