Friday, July 15, 2005

Consequences of Media Coverage

Ok no essay here; what can be said, most likely can be found in other sources.

London: I left out London, because (1) I felt so distant, I never truly know the place (except for Aresnal and Tottenham Hotspurs, Wembley...); (2) I have never been there before, and given the middle-low income status that I am (and the ever-diminishing chances of a majority middle and middle-high income population anywhere in the world), I would hardly step into Heathrow in the near distant future (wait, is that an oxymoron???); (3) after 9-11, everything just seems so been-there, done-that, after the repeated "bombardment" of the images of those planes crashing into the Twin Towers.

NKF: Yes, that man probably shouldn't have held such thoughts that he had revealed during the cross-examination in court, that he should, as the CEO, be responsible of transparency of the organisation above everybody else. My initial thoughts were that, yes, this is one bad man, who is probably using my monthly $5 to wipe his arse or to wrap his ikan bilis in the fridge. But then the more I read, the more desensitised one gets, regarding:
(a) society, norms and conventions --> $25,000 a month, half a million or more a year, plus 10-12 months bonus, and perks; the total amount is a hell of a great deal to a greater percentage of the population (this percentage should be shrinking though, cos we are the country that produces the most number of millionaires last year) and yet its "peanuts" to some others, with CEOs of other companies reputably earning far more than that. 2 issues, first is that the rich and powerful tend to be portrayed as insensitive and ignorant to the less privileged and their feelings and secondly, it is the expectancy that the top of the "chain", the most powerful, enjoy a huge bulk of the monetary incentives, whether they deserve it or not; who really set the standards and say that this is the amount CEOs should be paid, that their status warrant them first-class in-flights? Does it matter at all? Are CEOs going to volunteer a big paycut overnight just because the majority of the people cannot get jobs, or have signed an online petition requesting for such drastic moves to be taken? Honestly, nothing's going to change much. The next CEO who comes in will probably draw a monthly salary of $20,000 wiht 8 months bonuses. Mathematically, its a significant reduction, but will the majority care? A 5-figure salary is still there, and so are the bonuses. Not that I advocate for symbolic violence here, but we have here a situation that is unlikely to change much, who ever is the individual heading the organisation. To loathe or not to loathe? Hard call here...

and (b) censorship --> I enjoyed reading the experts of the exchanges during court, but it seems disturbing that a respected, award-winning daily is reacting as if the only way out of the problem and seems bent on extermination. If only it gives such detailed coverage in all its reports... instead of self-censorship and reporting in-depth only when it is for its own interests...

Work has been tiring; Friday is almost here and its time to meet up with Dear after work tml...

Signing off............ being a journalist in SG? hard job.........
RC

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