This is a bizarre development. Four months into his transition as CEO and two months from taking over, Chip Goodyear is leaving Temasek:
“Temasek said that both the Temasek board and Mr Goodyear have concluded and accepted that there are differences over certain strategic issues that could not be resolved.”
This took me by surprise. I look forward to learning more about these ‘strategic issues’. My initial guess would be that Goodyear’s views might not have been seen to be in the ‘national interest’ by fellow board members. Note that this specific objection was raised in Singapore’s Parliament in March:
“Is the government not worried that the national interest could be jeopardised by having a foreigner CEO who will have a complete overview of Temasek’s strategy and operations?”
Maybe the answer turned out to be yes.
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