Saturday, November 16, 2013

NEW FLOW FOR WASCO

13 comments:

Anonymous said...

Why the change in management and did anyone see a job advertisement?

Anonymous said...

Ok. There was no competitive process behind the management change. But having the investor (in effect, government) converting government-backed "loans" into equity regarding a quasi-independent business entity, is not such a big deal! It is to be expected actually.

A significant metric like the cost contribution of electricity in the total cost per unit of water delivered was not addressed buy the new manager.

Anonymous said...

Is he related to the minister Hippolyte?

Anonymous said...

Good luck. Lord knows that we need much better management that what has been largely deadwood management thinking. That said, however, does an expert in port management is equally adept at water management? We will see.

Anonymous said...

Why the heck is HIPPOLYTE trying to make past management look good. He obviously has nno bloody balls.
Don't try making the past management of WASCO look any better than the damn mess it was. Call a bloody spade a spade. That's the problem with Saint Lucia. Bloody hypocrites. No damn guts to stand up for what is right amidst what is glaringly wrong.

We the tax-payers have paid a terrible price for corruption and infelicities at WASCO for years on end. Money borrowed just going to waste. They just keep living off the HOG. and then finding foggy excuses to cover their ras.

We are fed-up with the manner in which these public corporations are allowed to be poorly managed by successive ill-minded governments. Kenny himself has been a bloody waste of time; inside and out.
And by the way whatever happened to the DONOVAN YARDE court case relating to the disappearance of funds from the Saint Lucia Tourist Board?

Anonymous said...

Why would government dare to capitalize the amount owed regarding PAYE? That is nonesense.

I thought government; a-la-Kenny Anthony said they (Government) were having cash-flow problems. But it does not look like that is the case; since they have literally capitalized the amount of money WASCO owes to the Inland Revenue Department. I say bull-shit; to that.

Well now; since government has no cash flow problems; give the public servants their proper increase.

You deceptive and evil demons.

Anonymous said...

I don't trust lawyer types to manage today's economies. Nor would I, regarding our half-learned MBAs regurgitating stuff meant for North American businesses alone. That's even when we concede that there exists some universal business principles taught.

These one-track minded people are failures wherever they go, be it the private sector or the public sector. They are, in general, NOT THINKING PEOPLE, AND ARE NOT DEEP THINKERS.

See their impact? They are raining down hardship all around our ears and those of other stakeholders.

Irrespective of the economic environment (meaning, how rich is its for growth and development) or the economic model chosen, the key to economic success remains -- financial management. This bears repetition.

Proper financial management is pivotal whether the business unit is a one-person sole proprietorship, ranging through to the more complex conglomerate type of business. (Where our usual, expected and accepted cultural norm, borbolism takes hold, means that there is no proper financial control system in place.)

Besides, whether they realize this or not, the PM or national political leader of any country today should be regarded as its CEO.

In the public sector, especially in the case of a natural monopoly (with a characteristic captive clientele) like a national water supply system is, you seek a surplus.

In the private sector, the goal equivalent is profit -- and sensitivity, with "a triple bottom line" approach, incorporating concerns for corporate social responsibility (CSR).


Check out this article, for example at:

http://www.businessdictionary.com/article/33/business-finance-101/

Anonymous said...

It is going to be very interesting to see what unfolds with WASCO over the next year. We can only hope for better. Water is Life manage it responsibly.

Anonymous said...

What has escaped the attention of some is that all this wiping out the debt of WASCO is a lot of superficiality when it comes to government financial responsibility.

The fact is that the debt-burden of government has increased and not lessened because of the technical insolvency of WASCO.

Anonymous said...

The new beginning at WASCO does not start only with the departure of Joseph. It would also be good if the corps of jabals working there are sent home. They were put there to work without the necessary qualification and commitment.

Anonymous said...

The Financial Controller must be sent home; and this is much more necessary than even John Joseph.

That's bloody incompetence.

Women, women women being used like flesh in the abbatoir.

Anonymous said...

Wasco should think of transfer all of his departments as TEAMPLAYERS.Each Departmenthead evaluate the perfomance of his staff every year.
The 10% of best performers of the year receive a bonus, the 5% of last performers will be terminated.

This change will introduce a cmpetition in performance and not only to be there at "work".

Anonymous said...

to 5.18AM
and the GM evaluating all department heads using the same formula :-(
Wasco will become a outperforming company :-)