The Wall Street Journal, 19 Aug 2009
Chip Goodyear's resignation as CEO-designate of Singapore state-owned investment fund Temasek last month may have done more good for taxpayers in the city-state than his five-month tenure. For the public ruckus his abrupt departure caused is empowering Singaporeans to demand more transparency about how their monies are managed.
On Tuesday, legislators from the ruling People's Action Party and opposition Workers' Party asked Finance Minister Tharman Shanmugaratnam why Mr. Goodyear resigned. "People do want to know," Mr. Tharman replied. "There's curiosity. But that is not sufficient reason to disclose information." Later, he added: "It will not be advisable, nor in the interest of Temasek or Mr. Goodyear, for us to comment further. It serves no strategic purpose."
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