Financial guru Faber: “Strange” that the government gets to appoint Thaksin cronies to head large companies

Financial guru Faber knocks Thai ‘cronyism’, pledging scheme – The Nation, October 1, 2012
World-renowned investment guru Marc Faber says cronyism is a concern for an investor like himself as the Thai government has appointed people connected to former prime minister Thaksin Shinawatra.
“I think that, to be quite honest. I as an investor, it concerns me that, for instance, the government appoints principally people connected to Mr Thaksin for, say, Thai [Airways] International,” he said.
“As an investor, to me it sounds very strange that people who run large companies are appointed by the government and that the government then favours people that are supportive of them. There is still a lot of so-called cronyism. In other words, I have political power and you’re a businessman or you are someone who was at the party before and I give you a good job and the position of power,” he said…

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