Management >>>

A CEO is hired only to optimize ROI, not to meet quota

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Refer to “Discrimination in many private companies in the Star“, I wish to differ with Alina.

Any boss in the private companies only interested to hire someone as CEO to optimize the earning of his assets. They are no hesitate to hire a monkey to run their company if the monkey can give them highest ROI.

I do not deny the observation by the writer on CEO in Chinese-owned companies nearly all are Chinese.

Did the writer investigate how many percentage in Malay-owned company hire non-bumi as CEO? Although I do not have the statistics on hand, but I believe the trend is same as Chinese-owned company, Malay CEOs are dominated in the Malay-owned private companies.

Set aside race-based CEO hiring trend in local companies. I found almost all CEOs in MNCs based in Penang are non-Malay. The Penang state government has no say on recruitment in MNCs, but why there are still few Malays appointed as CEO in MNCs controlled by foreigners.

The answer is the market forces decide. Only those capable person will be hired as CEO regardless of your skin color.

If a Malay is proven as an excellent CEO […]