Honours
In 2006, Fortune magazine remarked that Ho had made "a spectacular misjudgment" in the purchase of Shin Corp shares. Since then, "Shin shares have fallen 43% since the deal was signed, and Temasek will now endure a potentially embarrassing probe by the new regime into Thaksin's finances that threatens asset seizures, deal cancellation, and large fines."
In 2007, the same magazine ranked her third in the list of most powerful women in business (outside the United States).
In 2007, she was picked as one of the "100 most influential men and women" who shaped the world by TIME Magazine.
Similarly in 2007, business magazine Forbes ranked her third in its annual list of the world's most powerful women, leap-frogging a rank ahead of United States Secretary of State Condoleezza Rice and falling short behind German Chancellor Angela Merkel and China's Vice-Premier Wu Yi. Ho Ching was ranked 36th in the same list the previous year. In 2008 she was ranked 8th. In 2009, she was ranked 5th.
On 6 February 2009, Temasek Holdings announced that Ho Ching will be stepping down as CEO and Charles W. Goodyear will replace Ho as Chief Executive Officer on 1 October 2009. Goodyear, 51, an American, joined the Temasek Board on 1 February. He assumes the position of CEO-Designate on 1 March. Ho has expressed "no regrets" for her time as CEO. Temasek Chairman S Dhanabalan also mentioned that Ho's resignation has nothing to do with her performance.
On 21 July 2009, Ho Ching will remain chief executive of Singapore government investment company Temasek after her replacement mining industry executive Goodyear couldn't resolve differences with the board, state media reported.
In 2011 she was included in the 50 Most Influential ranking of Bloomberg Markets Magazine.
Read more about this topic: Ho Ching
Famous quotes containing the word honours:
“Come hither, all ye empty things,
Ye bubbles rais’d by breath of Kings;
Who float upon the tide of state,
Come hither, and behold your fate.
Let pride be taught by this rebuke,
How very mean a thing’s a Duke;
From all his ill-got honours flung,
Turn’d to that dirt from whence he sprung.”
—Jonathan Swift (1667–1745)
“Vain men delight in telling what Honours have been done them, what great Company they have kept, and the like; by which they plainly confess, that these Honours were more than their Due, and such as their Friends would not believe if they had not been told: Whereas a Man truly proud, thinks the greatest Honours below his Merit, and consequently scorns to boast. I therefore deliver it as a Maxim that whoever desires the Character of a proud Man, ought to conceal his Vanity.”
—Jonathan Swift (1667–1745)
“If a novel reveals true and vivid relationships, it is a moral work, no matter what the relationships consist in. If the novelist honours the relationship in itself, it will be a great novel.”
—D.H. (David Herbert)