Leading the pack: Tan beats Cook, Musk and Zuckerberg in the analysis by the WSJ. — Photo from Broadcom Inc
Tan tops list of highest paid executives in the US last year
PETALING JAYA: The highest-paid chief executive officer in the United States is neither Apple’s Tim Cook nor Tesla’s Elon Musk, but Malaysian-born businessman Tan Hock Eng.
Tan, 71, also surpassed Meta Platforms’ Mark Zuckerberg by earning US$162mil (about RM760mil) in compensation last year, according to South China Morning Post, which quoted an analysis by the Wall Street Journal (WSJ) this week.
“Tan, who is a US citizen, is the CEO of semiconductor company Broadcom Inc and has been topping the pay charts since 2006, receiving US$103mil in 2017,” said WSJ.
However, the pay package comes with several conditions, including the company’s stock hitting a certain level by next year. Tan must also remain as CEO for an additional five years, and he will not receive any more equity or cash bonuses during that period.
The semiconductor company’s shares rose 106% over the past 12 months, bringing its total market capitalisation to US$655bil (RM3 trillion).
Tan is also a board member of Meta Platforms, the US-based company that owns Facebook, Instagram and WhatsApp among others.
Tan, who hails from Penang, completed his undergraduate studies in mechanical engineering at the Massachusetts Institute of Technology.
He also has a bachelor’s degree in electrical engineering from the National University of Singapore. He then earned a Master of Business Administration from Harvard University. After returning to Malaysia, he was involved with Hume Industries between 1983 and 1988.
He then moved to Singapore as managing director of venture capital firm Pacven Investment.
He reportedly relocated back to the United States in 1992 and assumed the role of vice-president of finance for PC maker Commodore International.
This is the strongest criticism yet, written by a Malay about the contemptible Malay power elites.
Apa Malu!
Malays-and-muslim-two-of-a-kind-corrupt-arrogant/
aloq staq
awez khan ali Selamat Pagi Malaysia
The Malays are a broken people. Broken by our own leaders. Broken by the antics, greed, and hubris of Malay political leaders lost in a world where self-interest and nothing else, matters. It is a world where these political pariahs take every advantage of any opportunity to make themselves some money.
Whether these political pariahs are stealing money from Tabung Haji where Malays have saved their hard-earned cash in order to do their holy pilgrimage to Mecca, or getting commission and kickbacks in the purchase of Covid 19 vaccines which are critical to the saving of Malaysian lives – especially the most vulnerable Malaysians – the old and those in the front lines fighting the pandemic by putting their own lives in danger.
Whether it is playing Russian roulette with the lives of our Armed Forces by purchasing submarines and weapons not fit for purpose that could result in the death of our Armed forces or not providing them with Helicopters and weapons that they need to defend our nation and our people against any encroachments from without.
Our children’s education is disadvantaged by the hundreds of millions siphoned from the Ministry of Education budget. Money allocated to buy solar panels, laptop, text books and the construction of schools to anything else that our children would need for their education – the contracts to supply these items are grossly inflated to pay off politicians and even the ex PM’s wife, Rosmah Mansor.
They even take money from suppliers of food and drinks for our students. There is simply no limit to what these political pariahs will do to make money.
And as if the education of our children is not sacred enough for them to leave alone, the Islamic religion is also a source of funds for these political pariahs. They have no shame, they have no sense of fairness and certainly, there are without morals and ethics in their greed for anything they consider of value for themselves.
And the most despicable of things they do is for PAS to use Islam to benefit their political pariahs. And as if it is not enough that these political pariahs steal, their wives, children, and extended family are also into the thieving.
I spit upon these political pariahs.
These political pariahs are still today free to roam and plunder our nation at will. All of them Malays. Most of them are old. All of them must be discarded and punished for what they have done in plundering our national coffers. What they have plundered from our coffers must be taken back from them and put to good use to help our nation get back on its feet and prosper.
The narrative spun over and over again: that the Christians will destroy Islam, that the Chinese and DAP will take over the country, and that the Malays must have the political power to survive in their own Tanah Air is stale and are no longer relevant in the world the Malays live in today.
Let us get rid of these Malay political pariahs and banish them where they can no longer shame the Malays by what they do.
We know who they are, and it is time that these political pariahs be held to account for what they have done to the Malays.
Whether they are Prime Ministers, Ministers, Menteri Besar, all those loathsome and despicable Yang Berhormats or those little Napoleons who think that being a Malay gives them license to behave in an obnoxious manner to other Malays, and anybody else that question their plundering of our nation’s resources.
Let us start by making sure the Father of all Plunderers, Najib Razak, is in incarcerated immediately, to be followed by his wife, Rosmah Mansor and anyone else who has been the cause of the fall and fall of the Malays.
Today I am ashamed to call myself a Malay. Being a Malay means you have to take responsibility for what these Malay Political Pariahs have done.
Today being a Muslim in Malaysia is nothing to be proud of because all these plunderers, thieves, and scammers are Muslim. The non-Malays do not have to tell us these things.
There are many Malays today who can think, and we know what Malays have done to our country. You do not have to tell us how much the non-Malays have contributed to the development of Malaysia. We Malays know. You do not have to tell us that Malaysia is also your home. That too, we know. And we know that the Malays have been left behind by the others because it is all there for the Malays to see.
The best politicians are not Malays. The least corrupted politicians are not Malays. The most hard-working politicians who deliver on their promise to their electorates are not Malays. But this much we Malays know. The most corrupted politicians in Malaysia are Muslims. The most arrogant politicians are Muslims. And the politicians who do not deliver on their election promise are also Muslims.
So there you have it, this nation of ours has been brought to its knees by corruption and the political shenanigans and devious duplicity of these Malays and Muslims. And you and I know that it will also have to be the Malays and Muslims who will have to work to get these political pariahs into the dock, to be tried, convicted, and incarcerated if there is to be any hope for our nation to survive past 2020.
After Huawei, U.S. blacklists Chinese supercomputers
https://youtu.be/uTTkfyvmTHc
https://youtu.be/ICU_g4jXpas
How did China lift hundreds of millions of people out of poverty?
https://youtu.be/SSfsvaDS5zU
CGTN starts first 5G smartphone livestream! CGTN首次5G移动直æ’
https://youtu.be/pSbaREOFpnA
Tech war exposes urgent need for talent
Trade war involves science, tech strength: Huawei founder
Chinese students have increasingly become interested in participating in math contests organized by elite US institutions. Photo: IC
The escalating China-US trade war, which has become a new cold war in technology, has made attracting talent an urgent task.
The recent call by the founder of China's Huawei to enhance the country's fundamental education system was echoed across Chinese society, while observers emphasized the importance of science and math.
In a recent interview with China Central Television aired over the weekend, Huawei founder and CEO Ren Zhengfei, whose company is now in the middle of the China-US trade battle, reiterated the importance of fundamental education and research instead of spending too much time talking about his company's future.
The 75-year-old entrepreneur said that he cares about education the most because he cares about the country. "If we don't attach importance to education, we'll actually return to poverty," he remarked.
Huawei's founder Ren Zhengfei meets the media in Shenzhen, South China's Guangdong Province, earlier this month. Photo: Courtesy of Huawei
The country's development relies on culture, philosophy and education, which are fundamental, Ren said. And the escalating China-US trade war involves strength in science and technology, which comes down to the level of education.
His remarks put the focus on basic education.
Wang Lixin, vice mayor of Shenzhen, a city that is often seen as the new Silicon Valley as it gathers hundreds and thousands of high-tech firms, said at a recent conference that fundamental research is important to not only Shenzhen but the whole country.
"In the 1980s, we often said if you learn math, physics and chemistry well, you will achieve anywhere. Then we had doubts, as working in finance, economy or design would earn you more money. Considering the current situation, it's time to bring up that slogan again," Wang was quoted as saying in media reports on Sunday.
As part of broader efforts to strengthen science and technology, Shenzhen, which is now at the forefront of the China-US tech battle, where tech firms such as Huawei and DJI being targeted by the Trump administration are located, has vowed to invest one-third of its science and research funding to fundamental research, to the tune of over 4 billion yuan ($580 million), reports said.
On China's Twitter-like Weibo, net users praised Ren's call and considered improving the country's education system as the most urgent task. "High-tech growth cannot be supported only by a huge amount of money. Only with continuous efforts in fundamental education can the goal be achieved," a netizen said.
A mother surnamed Song, who lives in western Beijing's Haidian district, said she has always insisted that fundamental education should not become a heavy burden for children. However, the escalating trade war, especially the Huawei incident, has made it more urgent to enhance the country's overall STEM education, she believed.
STEM stands for science, technology, engineering, and mathematics, and these academic disciplines are often seen as fundamentals for a country in a race for high-tech supremacy.
"I'm thinking about sending her to an afterschool training course on mathematics this summer," she told the Global Times on Monday, referring to her 7-year-old daughter, who is now living at an increasingly competitive environment.
Fundamental research
As the world's two largest economies spar over tech, Chinese industry representatives are considering enhancing fundamental education, including science and math, as a major task, especially after many Chinese parents have been complaining in recent months about the current dogmatic policies of stifling rising talent.
The authorities' latest move to ease the schoolwork burden on primary and middle school students also weakened science and math education, and the ban on extracurricular coaching for Olympiad-style contests issued in 2018 will seriously affect the cultivation of talented students in STEM, analysts said.
"This one-size-fits-all approach will hurt fundamental education in the country and make our children fall behind their American counterparts in the future, which needs to be corrected," Mei Xinyu, a research fellow at the Chinese Academy of International Trade and Economic Cooperation, told the Global Times.
The Ministry of Education issued a guideline in December 2018 to ease academic burden in primary and middle schools. The guideline says primary and high schools are forbidden from hosting math Olympiads to recruit students. The move follows a change in policy on stopping the awarding of extra points to students who have won academic Olympiads or science and technology competitions.
But parents also applauded the government's efforts to ease the children's burden, while some advocated a happy-elementary-education approach.
Ren said he attaches great importance to fundamental research, and the country should invest more in developing mathematicians, physicists and chemists instead of just pouring money into industries.
The US clampdown on Huawei, as part of the China-US tech battle, will stimulate technological self-reliance while boosting scientific research and innovation, as US sanctions also exposed the country's high-tech Achilles' heel due to Huawei's reliance on American technologies and core components reflecting the overall shortcoming in the sector.
It's becoming more urgent for Chinese tech companies to attract talent, as the tech war will eventually become a battle for more talent, analysts said.
"Our country has to have an awareness of crisis, and to clearly see the real gap between China and the US in education," Chu Zhaohui, a research fellow at the National Institute of Education Sciences based in Beijing, told the Global Times on Monday.
For instance, American students have a deeper understanding of natural sciences and mathematics, as they learn by following their own interests, he noted. "How to arouse the interest of Chinese students in science and technology, which will lead to better fundamental research, remains a challenge," he said.
Since the December 1 arrest, in Vancouver, of its chief
financial officer Meng Wanzhou, Shenzhen-based multinational
conglomerate Huawei Technologies Co has indisputably become the most
high-profile Chinese company by which ...
China is pushing forward technological revolution at all
levels, from government support and corporate participation to academic
exchanges and conversations among ordinary people, underscoring an
exceptional phenomenon where the entire country is immersed in technical
breakthroughs amid a trade and technology war with the US.
The issue of IP protection should no longer be a concern.
A large number of innovation-driven Chinese firms are playing a leading
role in different industries with no need to steal technologies. DJI's
production line in the US is perhaps the best way to respond to the
suspicion, so now the US can watch closely how Chinese companies “usurp”
US high technology.
While commercialization has become a common noun in a
world that's being propelled by business innovation, its usage in the
space sector remains something new, which is especially true with .
China's largest drone-maker said Tuesday its plan to
assemble drones in the US and make high-security government edition
drones aims to meet the increasing demand of the US market, rather than
respond to the security warning issued by the US last month, and the
company has no intention of moving its production facilities out of
China.
More than 1,900 politicians, business people, scholars
and media representatives from over 100 countries are expected to gather
in Dalian City, northeast China's Liaoning Province, to share wisdom
and solutions on globalization in the new era for the upcoming Summer
Davos.
After Huawei, U.S. blacklists Chinese supercomputers
https://youtu.be/uTTkfyvmTHc
https://youtu.be/ICU_g4jXpas
How did China lift hundreds of millions of people out of poverty?
https://youtu.be/SSfsvaDS5zU
CGTN starts first 5G smartphone livestream! CGTN首次5Gç§»åŠ¨ç›´æ’ https://youtu.be/pSbaREOFpnA
Tech war exposes urgent need for talent
Trade war involves science, tech strength: Huawei founder
Chinese students have increasingly become interested in participating in math contests organized by elite US institutions. Photo: IC
The escalating China-US trade war, which has become a new cold war in technology, has made attracting talent an urgent task.
The recent call by the founder of China's Huawei to enhance the country's fundamental education system was echoed across Chinese society, while observers emphasized the importance of science and math.
In a recent interview with China Central Television aired over the weekend, Huawei founder and CEO Ren Zhengfei, whose company is now in the middle of the China-US trade battle, reiterated the importance of fundamental education and research instead of spending too much time talking about his company's future.
The 75-year-old entrepreneur said that he cares about education the most because he cares about the country. "If we don't attach importance to education, we'll actually return to poverty," he remarked.
Huawei's founder Ren Zhengfei meets the media in Shenzhen, South China's Guangdong Province, earlier this month. Photo: Courtesy of Huawei
The country's development relies on culture, philosophy and education, which are fundamental, Ren said. And the escalating China-US trade war involves strength in science and technology, which comes down to the level of education.
His remarks put the focus on basic education.
Wang Lixin, vice mayor of Shenzhen, a city that is often seen as the new Silicon Valley as it gathers hundreds and thousands of high-tech firms, said at a recent conference that fundamental research is important to not only Shenzhen but the whole country.
"In the 1980s, we often said if you learn math, physics and chemistry well, you will achieve anywhere. Then we had doubts, as working in finance, economy or design would earn you more money. Considering the current situation, it's time to bring up that slogan again," Wang was quoted as saying in media reports on Sunday.
As part of broader efforts to strengthen science and technology, Shenzhen, which is now at the forefront of the China-US tech battle, where tech firms such as Huawei and DJI being targeted by the Trump administration are located, has vowed to invest one-third of its science and research funding to fundamental research, to the tune of over 4 billion yuan ($580 million), reports said.
On China's Twitter-like Weibo, net users praised Ren's call and considered improving the country's education system as the most urgent task. "High-tech growth cannot be supported only by a huge amount of money. Only with continuous efforts in fundamental education can the goal be achieved," a netizen said.
A mother surnamed Song, who lives in western Beijing's Haidian district, said she has always insisted that fundamental education should not become a heavy burden for children. However, the escalating trade war, especially the Huawei incident, has made it more urgent to enhance the country's overall STEM education, she believed.
STEM stands for science, technology, engineering, and mathematics, and these academic disciplines are often seen as fundamentals for a country in a race for high-tech supremacy.
"I'm thinking about sending her to an afterschool training course on mathematics this summer," she told the Global Times on Monday, referring to her 7-year-old daughter, who is now living at an increasingly competitive environment.
Fundamental research
As the world's two largest economies spar over tech, Chinese industry representatives are considering enhancing fundamental education, including science and math, as a major task, especially after many Chinese parents have been complaining in recent months about the current dogmatic policies of stifling rising talent.
The authorities' latest move to ease the schoolwork burden on primary and middle school students also weakened science and math education, and the ban on extracurricular coaching for Olympiad-style contests issued in 2018 will seriously affect the cultivation of talented students in STEM, analysts said.
"This one-size-fits-all approach will hurt fundamental education in the country and make our children fall behind their American counterparts in the future, which needs to be corrected," Mei Xinyu, a research fellow at the Chinese Academy of International Trade and Economic Cooperation, told the Global Times.
The Ministry of Education issued a guideline in December 2018 to ease academic burden in primary and middle schools. The guideline says primary and high schools are forbidden from hosting math Olympiads to recruit students. The move follows a change in policy on stopping the awarding of extra points to students who have won academic Olympiads or science and technology competitions.
But parents also applauded the government's efforts to ease the children's burden, while some advocated a happy-elementary-education approach.
Ren said he attaches great importance to fundamental research, and the country should invest more in developing mathematicians, physicists and chemists instead of just pouring money into industries.
The US clampdown on Huawei, as part of the China-US tech battle, will stimulate technological self-reliance while boosting scientific research and innovation, as US sanctions also exposed the country's high-tech Achilles' heel due to Huawei's reliance on American technologies and core components reflecting the overall shortcoming in the sector.
It's becoming more urgent for Chinese tech companies to attract talent, as the tech war will eventually become a battle for more talent, analysts said.
"Our country has to have an awareness of crisis, and to clearly see the real gap between China and the US in education," Chu Zhaohui, a research fellow at the National Institute of Education Sciences based in Beijing, told the Global Times on Monday.
For instance, American students have a deeper understanding of natural sciences and mathematics, as they learn by following their own interests, he noted. "How to arouse the interest of Chinese students in science and technology, which will lead to better fundamental research, remains a challenge," he said.
Since the December 1 arrest, in Vancouver, of its chief financial officer Meng Wanzhou, Shenzhen-based multinational conglomerate Huawei Technologies Co has indisputably become the most high-profile Chinese company by which ...
China is pushing forward technological revolution at all levels, from government support and corporate participation to academic exchanges and conversations among ordinary people, underscoring an exceptional phenomenon where the entire country is immersed in technical breakthroughs amid a trade and technology war with the US.
The issue of IP protection should no longer be a concern. A large number of innovation-driven Chinese firms are playing a leading role in different industries with no need to steal technologies. DJI's production line in the US is perhaps the best way to respond to the suspicion, so now the US can watch closely how Chinese companies “usurp” US high technology.
While commercialization has become a common noun in a world that's being propelled by business innovation, its usage in the space sector remains something new, which is especially true with .
China's largest drone-maker said Tuesday its plan to assemble drones in the US and make high-security government edition drones aims to meet the increasing demand of the US market, rather than respond to the security warning issued by the US last month, and the company has no intention of moving its production facilities out of China.
More than 1,900 politicians, business people, scholars and media representatives from over 100 countries are expected to gather in Dalian City, northeast China's Liaoning Province, to share wisdom and solutions on globalization in the new era for the upcoming Summer Davos.
Graduate unemployment was 45.5 of overall jobless amid skills mismatch and demand for low-skilled jobs, says MIDF Research
PETALING JAYA: Youth unemployment was at its highest ever at 10.8% in 2017, of which graduate unemployment constituted about 40.5% or 204,000 of total unemployment due to skills mismatch amid a backdrop where demand for low-skill jobs continues to reign – which in turn may leave the government falling short of its 35% skilled workforce target by 2020, according to MIDF Research.
For every 100 jobs available, there are 76 jobs for elementary occupations and 10 jobs for plant and machinery operators and assemblers, which leaves 14 jobs for the high-skill and other low-skill occupations.
About 86.3% of job vacancies in 2017 were for low-skill jobs which was deemed less suitable for a fresh graduate while high-skill jobs such as professional, technicians and associate professionals, comprised 4.1% of the total job vacancies.
It noted that the high single- and double-digit unemployment rate among youth, defined as those between 15 and 24 years old, as being normal not only in Malaysia, but in Europe, the US and South Korea.
The high youth unemployment rate was mainly contributed by soaring graduate unemployment, despite the steady increase in tertiary-educated workers joining the workforce, which was also the fastest growing segment at 4.1%, followed by secondary at 3.2% and no formal education by 0.3%.
Employment share of professionals and technicians and associate professionals improved to 12.2% and 10.5% in 2017 expanding at 0.8% and 4.6% respectively.
“In terms of share, the rising stake of skilled-worker or tertiary-educated is in line with the Eleventh Malaysia Plan. Under the plan, the government estimated skilled-worker to total workforce ratio to touch 35% by 2020. Nevertheless, we view the ratio is not expected to reach the target at the current pace,” MIDF Research said.
“We forecast the skilled-worker ratio to register at 32% by 2020. Continuous improvement in production efficiency, resource allocations and better technology adoptions under the Industry 4.0 will facilitate and accelerate the productivity level in Malaysia in the long run,” it added.
The overall unemployment rate in the country remained low at 3.4% last year.
Malacca remains as the state with the lowest youth unemployment rate for the seventh consecutive year at 2.9% while Sabah recorded the highest at 13.5% in 2017.
Meanwhile, Selangor the largest employer, 23.2% of total national employment saw overall unemployment rate of 2.8% and youth unemployment rate of 9.4% last year.
The overall youth unemployment rate across all states registered poor performances compared with the previous year, 2016.
In 2018, the youth unemployment rate is expected to fall slightly to 9.9% and the overall unemployment rate to stand at 3.3%.
The job market outlook for commodity-based sectors is expected to improve in tandem with recovering commodity prices. This in line with anticipation of improvement in global trade, and higher demand for export products is expected to benefit industries such as electrical & electronics and mining.- sunbiz@thesundaily.com
May 9, 2017 - Based on the latest developments in global and domestic economies, we anticipate youth unemployment rate to slightly fall to 10.1% while overall unemployment rate to stand at 3.3% in 2017. Youth unemployment rate hits 10.5% with number of unemployed youth reached 273,400 persons in 2016. Youth ...
Apr 6, 2016 ... So if both the US and Malaysian Governments couldn't stem the fat tide in their
respective countries, who can? ... Putrajaya the obese-city!
Graduate unemployment was 45.5 of overall jobless amid skills mismatch and demand for low-skilled jobs, says MIDF Research
PETALING JAYA: Youth unemployment was at its highest ever at 10.8% in 2017, of which graduate unemployment constituted about 40.5% or 204,000 of total unemployment due to skills mismatch amid a backdrop where demand for low-skill jobs continues to reign – which in turn may leave the government falling short of its 35% skilled workforce target by 2020, according to MIDF Research.
For every 100 jobs available, there are 76 jobs for elementary occupations and 10 jobs for plant and machinery operators and assemblers, which leaves 14 jobs for the high-skill and other low-skill occupations.
About 86.3% of job vacancies in 2017 were for low-skill jobs which was deemed less suitable for a fresh graduate while high-skill jobs such as professional, technicians and associate professionals, comprised 4.1% of the total job vacancies.
It noted that the high single- and double-digit unemployment rate among youth, defined as those between 15 and 24 years old, as being normal not only in Malaysia, but in Europe, the US and South Korea.
The high youth unemployment rate was mainly contributed by soaring graduate unemployment, despite the steady increase in tertiary-educated workers joining the workforce, which was also the fastest growing segment at 4.1%, followed by secondary at 3.2% and no formal education by 0.3%.
Employment share of professionals and technicians and associate professionals improved to 12.2% and 10.5% in 2017 expanding at 0.8% and 4.6% respectively.
“In terms of share, the rising stake of skilled-worker or tertiary-educated is in line with the Eleventh Malaysia Plan. Under the plan, the government estimated skilled-worker to total workforce ratio to touch 35% by 2020. Nevertheless, we view the ratio is not expected to reach the target at the current pace,” MIDF Research said.
“We forecast the skilled-worker ratio to register at 32% by 2020. Continuous improvement in production efficiency, resource allocations and better technology adoptions under the Industry 4.0 will facilitate and accelerate the productivity level in Malaysia in the long run,” it added.
The overall unemployment rate in the country remained low at 3.4% last year.
Malacca remains as the state with the lowest youth unemployment rate for the seventh consecutive year at 2.9% while Sabah recorded the highest at 13.5% in 2017.
Meanwhile, Selangor the largest employer, 23.2% of total national employment saw overall unemployment rate of 2.8% and youth unemployment rate of 9.4% last year.
The overall youth unemployment rate across all states registered poor performances compared with the previous year, 2016.
In 2018, the youth unemployment rate is expected to fall slightly to 9.9% and the overall unemployment rate to stand at 3.3%.
The job market outlook for commodity-based sectors is expected to improve in tandem with recovering commodity prices. This in line with anticipation of improvement in global trade, and higher demand for export products is expected to benefit industries such as electrical & electronics and mining.- sunbiz@thesundaily.com
May 9, 2017 - Based on the latest developments in global and domestic economies, we anticipate youth unemployment rate to slightly fall to 10.1% while overall unemployment rate to stand at 3.3% in 2017. Youth unemployment rate hits 10.5% with number of unemployed youth reached 273,400 persons in 2016. Youth ...
Apr 6, 2016 ... So if both the US and Malaysian Governments couldn't stem the fat tide in their respective countries, who can? ... Putrajaya the obese-city!
