I was shocked when the PM said he was going to engaged in talks with BTC to reclaimed majority shares. Well the simplest among us knew he must have lost his right mind! I was even more shocked and appalled of members of the team. What in the heck did any of knew about renegotiating with a view to obtain majority share of a national asset or for that matter any expertise in the telecom business? It was stupidity meeting intelligence, what the heck were they going to talk about.....the weather? If the PM was serious to any degree he whould have gone out and brought experienced negotiators who were professionals do such a thing for a living. The Bluewater deal was a potential disaster and the cancellation thereof saved Mr. Chrisite's political career. Nevertheless, there is much to be said as to how C&W came to the gnegotiating table. I believe the jury is still out on this.
I am abhorred by the alleged actions by both governments for their oversight to the national pension fund as we know it The National Insurance Fund. I am not here to cherry pick one way or the other. My point of view is simply this, the former minister knows, the chairman knows, Mr. Cargill should have know and every right thinking Bahamian knows that the bonuses and salary paid out to the executives were absorbatantly high for a national pension fund in a developing country the size of the Bahamas. The national insurance fund is not a hedge fund or private investment fund that goes out and seek the best talent of money managers in the investment world to invest its money. Mr. Cargill is perhaps a very talented man but if he and other executives want remuneration and bonuses with private industry then National Insurance is not the place for gainful employment to achieve those ends. National Insurance in the long run is simply a pension and social assistance scheme funded by the working class whose longevity and effectiveness thereto is questionable.
Floodtide says...
I was shocked when the PM said he was going to engaged in talks with BTC to reclaimed majority shares. Well the simplest among us knew he must have lost his right mind! I was even more shocked and appalled of members of the team. What in the heck did any of knew about renegotiating with a view to obtain majority share of a national asset or for that matter any expertise in the telecom business? It was stupidity meeting intelligence, what the heck were they going to talk about.....the weather? If the PM was serious to any degree he whould have gone out and brought experienced negotiators who were professionals do such a thing for a living. The Bluewater deal was a potential disaster and the cancellation thereof saved Mr. Chrisite's political career. Nevertheless, there is much to be said as to how C&W came to the gnegotiating table. I believe the jury is still out on this.
On PM confirms talks at a dead end
Posted 20 December 2012, 12:17 p.m. Suggest removal
Floodtide says...
I am abhorred by the alleged actions by both governments for their oversight to the national pension fund as we know it The National Insurance Fund. I am not here to cherry pick one way or the other. My point of view is simply this, the former minister knows, the chairman knows, Mr. Cargill should have know and every right thinking Bahamian knows that the bonuses and salary paid out to the executives were absorbatantly high for a national pension fund in a developing country the size of the Bahamas. The national insurance fund is not a hedge fund or private investment fund that goes out and seek the best talent of money managers in the investment world to invest its money. Mr. Cargill is perhaps a very talented man but if he and other executives want remuneration and bonuses with private industry then National Insurance is not the place for gainful employment to achieve those ends. National Insurance in the long run is simply a pension and social assistance scheme funded by the working class whose longevity and effectiveness thereto is questionable.
On Floodtide
Posted 20 December 2012, 11:39 a.m. Suggest removal