Wednesday, June 06, 2012
Teraju CEO hypocritical claim
Sometime back, one commentator Jebat didn't like us bitching about MCOBA and responded with his comment of an ANSARA. So what that we are an ANSARA but it does not mean the individual interest of an ANSARA has to supercede God and Country.
There should not be such elitist culture of unjustified preferences for the boys (and girls) or covering up his or her weakness.
For us, the mass produced nuovo economic middle class with "proletariat" background, there should be merit and honesty in our brotherhood (and also for that matter, sisterhood) and not exclusive thinking.
Coming back to Jebat, we assure honesty and this posting is us being honest on one of our own, i.e. the Teraju's CEO.
As much as we like to support Teraju as maybe the last ditch effort to develop Bumiputera entrepreneurs, we just can't stand his arrogant words that turned out to be hypocritical.
After this, we are going to expose a complain of cronyism in Telekom Malaysia. If it turns out true, then it is a grave injustice on hardworking and honest Malay professionals and entrepreneurs.
Before blasting Teraju, the following is our past comment of Husni Salleh from a previous posting here:
Recently, we attended a talk by Teraju CEO, Husni Salleh, who happens to be our super junior in school. We must express our disappointment to what his proposed plans to develop the Malay entrepreneurs.
Bearing in mind that Teraju seems to be an after thought after the much complain by Perkasa, Majlis NGO Melayu and other NGOs of PEMANDU and it's Bumiputera deficient agenda.
Here is a disciplined studious chap who does not even detour his concentration from his study or job in hand with student activism or any form of activism or cause except perhaps as corporate paid member of a Golf Club.
How much can he appreciate and understand the socio-economic agenda with political implications to develop the Melayu?
His career as stock analysts, then moved into venture capitalist has always been as a corporate man managing resources. Yet, he tried to share with entrepreneurs and businessman in the crowd about getting annual audit and tax return, and KPIs and ratios as indicators of success.
How laughably entertaining!
He was howling at the top of his voice the obvious that the Malays have not reach this and that level. With that kind castle in the air thinking, he can only advocate the Malays should be this and that as strategy.
How arrogant and distanced is he from the real world of business and entrepreneurship where it is more managing of insufficient and unaccessible resources over the world of only managing something with resources available that he is accustomed to?
Surely Khairy has more humility than that.
At the end of it, the Teraju CEO is saying Malay must do and achieve more and meet his overzealous expectation but yet he has not much resources and new ideas to offer but nicely written graph of the obvious.
The video that they thought were a fine socio-economic analysis of the malaise of the Malay were full of cliche and stereotype that only create negative perception of genuine Malay businessmen and help worsen the prejudice against Malays.
All he can think off to say are repeats of past effort and things that have been done before with the only difference they claimed, it is centrally coordinated and monitored.
Big deal! Are their claim true?
So much for centrally coordinated and monitored. Before making that claim he should understand why it was not centrally coordinated and monitored. Well, are they any better being centrally coordinated and monitored?
We are about to dish this back to Teraju and prove their claim as merely rhetoric and words of a naivete.
Husni repeatedly spoke of building a Directory of true, capable and genuine Bumiputera to be part of the Government procurement strategy. Fancy words for an old plain description of getting Government projects.
In fact, the terms used by the likes of Tingkat 4, Pemandu, Ethos Consulting, etc are seldom bombastic as though so wholesome and global to describe something so plain and simple.
Unlike in the past where Bumiputera opportunity is more, Teraju could only mention of projects like UDA, MRT, etc. described as in fancy term as Government Procurement Strategy.
We've wrote our critic of UDA and their China-centric Chairman here. Datok Nurjazlan happen to be one of our own from Kulim.
According to our source, who is a professional involved in the so-called Government Procurement Strategy, he revealed that Teraju's Directory is only talk. However, we have to hold out on the project name.
Our source said he attended the first meeting of one such project, which was to call in all the members of the Management and Directors for a site visit. Here one see almost 100% are Bumiputera and allegedly the shareholders, Directors, and licenseholders.
By the time the second meeting is called to discuss the aspect of commercial, technical legal etc, 18 out of the 20 companies were represented by Chinese.
It turns out that only 2 of the 20 are genuine Bumiputera company doing real work and the rest were fronting for Chinese for a commission or small shares. And the MRT people could allow the process to go on as business as usual.
Unfair to Genuine Contractors
Our complain is not about the Chinese presence but where are the Malay and Bumiputeras? Why isn't the Bumiputera taking advantage of such opportunity? Is there no Bumiputera capable of running the projects, which we doubt there is none?
Didn't we hear the likes of Tun Musa Hitam claiming the new breed of Bumiputera are more confident and does not need 'tongkat', thus no NEP is needed in Iskandar Malaysia or then called South Johor Economic Region?
This is the same claim made by the likes of young Melayu Liberal or nuovo Malay crooks cloaked as Neo Liberals in Pemandu, Tingkat 4, Ethos Consulting, etc and dominating the thinking of Pemuda UMNO, PKR, Khazanah, and GLCs.
By claiming allocation of project as a Government Procurement program by Teraju for Bumiputera, it is unfair for the other non-Bumiputera contractors.
The non-Bumiputera contractors that did honest work and not use Bumiputera as front are fair to allow the Bumiputera opportunity. For not willing to cheat like the other 18 contractors, they are being deprived opportunity.
They will end up blaming the Government because the cheats get away with it using their connections and right front man.
This is such a simple ole trick and yet Teraju failed to detect.
How could Teraju not detect such cheating thing in their so-called Directory of "Usahawan Bumiputera yang berwibawa"? This is an old trick of the book. Use willing Bumiputera to be shareholders and Directors as front.
Pay them well and make sure they sign a back to back and undated agreement and transfer of shares to be invoked when they is some changes to be made to the shareholding and directorship or triggered when something went wrong with the partnership.
This is what happens when a Stock Analyst (like Amokh the Analyst) and corporate backed Venture Capitalist is appointed to manage entreprenuers.
Another case of wrong background matched to a wrong vocation. Typical mistake of appointing wrong choice of CEOs in our GLCs.
Teraju is responsible to assist in shortlisting entreprenuers for Government procurement program for Bumiputera entrepurneurs. For project like MRT, some RM8 billion will be distributed amongst successful contractors.
If only 2 out of the 20 short-listed contractors are Bumiputera, so be it since that is Teraju's lofty ideals?
The problem is and most likely, the Directory of Usahawan established by Teraju is merely main hantam saja punya list. It could be only for friends and know who to the CEO and others in Teraju management.
Far smaller would be the opportunity for Sabahan and Sarawakians. They too are Bumiputera!
Now ... if there is no Bumiputera capable of doing the project then why should the project be openned only for Bumiputera. This open room for leakage.
Since this if for genuine Bumiputera only, can we expect that the two Bumiputera companies be given all the Government Procurement contract since they are the only two truly genuine Bumiputera entrepreneurs?
They are up to it as Husni said and deserve to take all. That way no more Bumiputera fronting will be entertained and only the genuine ones benefit. more Bumiputera will wish to rush to be genuine entrepreneurs?
I know Husni has no guts to do it! Typical analyst to over analyse till paralysed.
Sometimes we wonder, why can't the Bumiputeras have the perjuangan spirit to demand that Bumiputera be given prominent role in running the project for resume and experiance for use of their of Bumiputera name?
Why can't the Bumiputera in MRT management insist the non Bumiputera using Bumiptera names not allowed to participate?
On my ending personal note to Husni Salleh for the arrogant message from him or his political master in his presentation, he himself should buck up and stop talking cock than trying to teach and preach entreprenurship.
As someone many years his senior, allow us to pull rank a little bit.
Husni sounded fake in talking of KPI, audited accounts, public listed yardsticks, etc. Be an entrepreneur before expecting entrepreneurs to meet his theoretical and wet dream expectations of entrepreneurship.
Seriously, doubt he could make it selling burgers and hotdog by the roadstall.
Friends are telling of Husni to not talk cock of entrepreneurship if he is not one himself.
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