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| Archbishop Oscar V. Cruz |
It might be good to take a realistic and practical look into the so called government-owned and -controlled corporations (GOCCs). This objective consideration is more in accord with on-the-ground factors than in subservience to both legal provisions and legalistic perspectives.
After the last administration that people in general, identified with graft and corruption incarnate in governance for almost a decade, the GOCCs — a good number of the 36 of them — have been gradually yet definitely unmasked in their gross greed plus callous conscience, especially in terms of the their apparently focal appointed chief executive and the latter’ close minions.
Lo and behold, bonuses galore, not to mention incredibly fat salaries plus loaded perks — plus many other scandalous benefits. Downright unethical conduct particularly in terms of expensive self-services, not to mention apparent corporate untouchable stance in the matter of self-given personal advantages and supposedly official benefits. The said executives and their closed-in subordinates in fact with nausea bled the GOCCs concerned of their assets. Thus is it that some of the said corporations have not only become paper tigers and empty shells. They have become extra expensive to sustain while being the basis of socio-economic liabilities viz., disastrous in their rationale and operation, below zero in their performance rating.
Source: The Daily Tribune
URL: http://www.tribuneonline.org/commentary/20100916com5.html
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