HoHoHo: StanChart’s CEO is worse than our paper generals

Singaporeans have few good things to say about our paper generals and scholars: think SPH’s CEO and ex-SMRT’s CEO.

Well StanChart’s CEO, a true blue ang moh life long banker, makes these guys look good.

When Bill Winters became the Messiah CEO of StanChart in June 2015, the bank’s shares were around £10. Now they are around £6. He was brought in because the previous CEO had run the bank into the ground. The bank overextended, trying to take advantage of other banks’ problems. Unlike them it had a great time during the financial crisis.

Well Winters failed. The shares have dropped about 37%, while Bloomberg’s global banking index has gained 47%.

Ho Ho Ho.

 

Cynical Investor

Cynical Investor blogs at Thoughts of a Cynical Investor.

 

 

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9 Responses to “HoHoHo: StanChart’s CEO is worse than our paper generals”

  • Bobo:

    What is their relationship between CEO of bank, CEO of SMRT and CEO of SPH, CEO of gov linked company? Is Standard chartered link to DBS, POSB, OCBC? Please give full picture and detailed information. Don’t be selective please. What is CI’s intention and motives? Was it comparing the worst CEO in Singapore or comparing the most well paid CEO, but in fact are good for nothing?

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  • Bapak:

    Precisely same for Pinky took over from the Evil One. Thanks for the reminder.

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  • pap PA paid IBs like ci:

    these folks are worse than rejects from 3rd world slums.

    they do anything for cents per post.

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  • LIONS:

    well,his name is WINTERS,not too auspicious,ya?

    maybe the BOD wanna replace him him with someone called SPRING???

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  • Irene Vanessa Wan Carpenter:

    Some people just shouldn’t run businesses.

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  • patriot of Temesak:

    Minister’s should be paid according to Corporate CEO…so what is WRONG for Corporate CEO’s to perform similarly to Ministers if not WORSE???

    Ministers get transferred and hold high profile jobs in Govt owned entities…

    Corp CEOs get fired…so why not go with a Big Bang if NOT caught???

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  • rukidding:

    Ya, thanks to Holy Jinx !

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  • Not interested!:

    Irrelevant and not interested!!

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  • Zorro:

    He is general material. Too bad he didn’t join our army.

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