Blossom Of The Day: Ho Ching

Ho Ching is ranked # 5 on the Forbes 100 Most Powerful Women. When Ho Ching became CEO in 2002, she overhauled Temasek, setting up more precise performance guidelines while raising accountability and transparency. Ho is well connected: her husband is Prime Minister Lee Hsien Loong, son of Singapore's legendary elder statesman Lee Kuan Yew. But she has taken a strictly professional approach. Rather than prop up zombies, she has not been afraid to let operations fail. 


Ho's critics like to focus on Temasek's troubled $3.8 billion purchase of Shin Corp. from former Thai Prime Minister Thaksin Shinawatra. But as one of my mentors instructed me, if you do not make mistakes, you are not trying and will never succeed. Both Japan and South Korea have just announced that they too are considering "Temasek-like entities." Expect even more countries to discover that the road to the future runs through Singapore

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