Instead SPH has to pump in $80 million of cash and transfer a certain number of its shares and that of SPH REIT. In this scenerio SPH is paying to get rid of the media business. Why not just cease the media business and shut it down!!!. Whoever is interested in the media business should take it over and pay SPH.I cannot fathom why SPH has to hive it off and pay for this exercise.

Not only should the CEO resign over the management of SPH but the whole Board of Directors who has appointed him and installed him as the CEO.

It is time that the Board be called to account and take responsibility for the management of SPH.

It is also time that the authorities take a proactive and robust approach to impove the effectiveness of corporate governance of all listed companies including SPH.The board of directors should not be a club for friends, cass and school mates, relatives or to repay past favours.It is time to include a least a representative from the minority shareholders. At present, independent directors are SUPPOSSED to protect the interest of the minority shareholders but in reality do they?

Now that this debacle has surfaced it is only honorable although not gentlemanly for the CEO to resign. Whether or not the other board members would resign would much depend on his or her conscience in evaluating how he or she has contributed to this state of affairs of SPH.