http://www.crikey.com.au/2008/07/02/groves-scoops-up-abc-learning-options-at-below-market-value/ now with extra source Sun, 12 Feb 2012 09:16:19 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.crikey.com.au/2008/07/02/groves-scoops-up-abc-learning-options-at-below-market-value/#comment-11660 Neil Bishop Thu, 01 Jan 1970 10:00:00 +0000 #comment-11660 Don't worry about the Singapore Government. Their two investment companies have made a multitude of bad investments but it doesn't matter for them as they don't have to make formal reports other than to the Lee Family. Also, any shortfalls are soon plugged with public money or, more specifically, the Singaporean equivalent of superannuation contributions. While Singapore has also the outward trappings of democracy, including elections and a constitution that guarantees freedom of speech, the practical reality is that the whole thing is heavily stage-managed by the ruling party and the ruling family. Don’t worry about the Singapore Government. Their two investment companies have made a multitude of bad investments but it doesn’t matter for them as they don’t have to make formal reports other than to the Lee Family. Also, any shortfalls are soon plugged with public money or, more specifically, the Singaporean equivalent of superannuation contributions. While Singapore has also the outward trappings of democracy, including elections and a constitution that guarantees freedom of speech, the practical reality is that the whole thing is heavily stage-managed by the ruling party and the ruling family.

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