Why 2nd chance properties CEO is wise

August 27, 2010 at 11:26 am Leave a comment

Second chance properties CEO, Mohd Salleh Marican is a wise man. He put in self-exclusion orders from Singapore casinoes for him,his son and other top-level executive directors and management.

He said that was done to prevent 2nd Chance properties going down the drain just because of people who lost huge sums of money in casino and resort to stealing from the company. An example he brought up was the millions lost by a seafood boss recently. (APB’s former finance executive was also another prominent example)

Besides that, he is wise enough to forgive an employee who stole from the goldsmith because of losses in shares market. Instead of reporting the employee to police and thus not recuperating losses and ruining a person’s life, he instead allowed the employee to slowly pay the company back.

This earned goodwill and was reciprocated by more years of dedicated performance from the employee.

Entry filed under: Investing. Tags: .

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