When Yg Bhg TAN SRI ABDUL AZIZ ABDUL RAHMAN retired as the CEO/Managing Director of MAS, he left MAS with RM5 billion cash reserve. During his tenure as CEO, MAS employees have been paid yearly bonuses.
Yours truly went to the same mamak stall for a teh tarik this noon and someone has just passed the e-mail entitled “Stay Focused In Our Journey” from MAS Group CEO, which is still warm from the oven.
Updates @ 9:30 pm on 19-9-2013: On 15-9-2011 The MD of Khazanah Tan Sri Azman Mokhtar has been quoted to have said that “The recently inked home jersey sponsorship with Barclay Premier club Queen Park Rangers is a good deal for the national carrier”. He also told newsman that “We think that we got a good deal to stand on its own commercially. I think all the numbers are there, we just need to add value”. Read HERE.
Yours truly believe that at that material time many Malaysians also share the same thoughts as Tan Sri Azman Mokhtar, who is a known to be a corporate GURU in Malaysia. Many have claimed that Tan Sri Azman Mokhtar through his BinaFikir‘s “WAU” had also saved MAS from the brink. Please read below the events after 18-8-2011 where MAS was supposed to pay £3.2 million more than AirAsia for the said sponsorship and got less for it. Was it a good deal after all?
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In Part 1 of this article, it was clear that Khazanah, CIMB, MAS and AirAsia are fuilly aware of the provisions of the Competition Act 2010. MAS and AirAsia have sought the advice of the consultant, Bain & Co, on anti-trust laws/Competition Act 2011.
The highly acclaimed journalist Ms BK Sidhu, who has just being promoted as the new Editor of StarBiz, had quoted an unknown source that the AirASIA X IPO SHARE will be over-subscribed by 3 to 4 times which later turned out to be FALSE.
Jaringan Melayu Malaysia (JMM) has called for Tan Sri Abdul Aziz Zainal, the former Malaysian ambassador to France and General of Malaysian Arm Forces, to take over the chairmanship of MAS from Tan Sri Md Nor Md Yusof. JMM is confident that Tan Sri Abdul Aziz would be able to bring MAS back to its former glory, in HERE.
In April 2012 the top management of MAS was seemingly busy with the great ideas of turning around MAS with equally great plan to block internet mail access.
On 26-10-2012 Datuk Hj Ibrahim bin Hj Ahmad Badawi, the brother of the former PM (YB Tun Abdullah Badawi) and also the Executive Chairman and majority shareholder of Brahim’s Holding Bhd (Brahim’s Holding) was quoted by the Star to have said: “We want to work with MAS.” For the full Star report read in HERE.
Updates on 23-10-2012: YB Datuk Awang Adek, the Deputy Minister of Finance, was replying to the points raised by MPs during the Committee Stage Budget 2013 debate this evening. He was unable to furnish Parliament with all the replies as he was not well and he has promised to provide written replies to all the points raised during the said debate. However, he managed to speak for about an hour. He did inform Parliament that a Special Task Force headed by the Attorney-General has collected all the information regarding the foreign fund from Mr George Sorros that was subsequently given to Suaram and Malaysiakini and asked MPs to wait for the actions to be taken on this matter. Yours truly will publish once yours truly has been given the reply on the points raised on the consultancy fees paid to Landor Associates and Ogilvy & Mather.
Yours truly has been questioning about the consultancy fees paid by MAS to Landor Associates and Ogilvy & Mather but the top management of MAS is not only keeping mum but hiding behind non-disclosure or secrecy clause in the agreement. For the background information please read in HERE. The re-branding of MAS was done in a haste without the approval of the Board when En Al-Ishal Ishak was the SVP Marketing and Promotion. Yours truly has been informed by reliable sources that En Al-Ishal Ishak who left MAS last month has recently joined AirAsia.
After some 10 months in MAS En Ahmad Jauhari Yahya (AJ), as MAS Group CEO, should have been able to identify some of the major leakages that needed to be plugged as part of his many BIG turnaround plans. But it would appear that AJ is more interested in plugging the wrong LEAKS!
