Singapore Exchange (SGX)

[sgpunter]

I honestly don't know why people blame Magnus Bocker for so many things. In my opinion, I think a lot of the things that happened during his term as CEO could very well have happened under the previous CEOs such as the IT Outages, Penny Stock Saga and Low Volumes.

Some of those remisiers in my view are a whiny lot who refuse to innovate and just hope to continue with the good old days sit back at their desks take phone calls, go for lunch break and make fat commissions. There was a letter in Forum of Straits Times today regarding the lunch break issue and I totally agree with the writer. Remisiers need to think of ways to provide value add for their customers in this day and age when everyone is moving towards internet trading.

And why did no one complain about former CEO Hsieh Fu Hua? He was just lucky that he was CEO during the era when all stocks with the word "China" would turn to Gold. After the fat bonuses have been paid out and the Gold has turned to Poo, who is left to suffer and clear up the mess?

End of the day I am not saying Magnus Bocker is finest CEO that SGX has had but I also do think that he has been unfairly blasted for a lot of things.