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Sunday, March 6, 2011

Rewards of working hard

TEACHER TALK By NITHYA SIDHHU



It is only through hard work that one is able to deal with challenges and attain success.

FROM the time I was a child, I’ve worked hard. My siblings and I were not the only ones required to study hard, but we had to complete all chores, big and small, by the end of each day.

This trait was so ingrained in me that even in university, friends were amazed at how I could go dating every night and yet do extremely well in all my exams!

My then boyfriend, who is now my husband, used to joke with girls who queried him, “If you want to know the secret of her success, date me.”

Working hard was second nature to me. In fact, on my first posting, I was made the school’s Science Panel head. And while I was still wet behind the ears, I was assigned Form Five examination classes to teach.

I remember that I did not baulk. Despite some internal trepidation, I just got cracking and soon mastered the art of juggling my heavy responsibilities at school with the demands of my young marriage.

Many of my colleagues in similar positions then worked as hard as I did. We shared stories of how we could go home from a hectic day at school to cook, clean and raise our children.

Hard work underlined my teaching life. Woon*, a teacher friend of mine told me of how it took her 26 long years of working in a primary school, obtaining her degree part-time, moving on to a secondary school, suffering at the hands of several unfair practices and bearing up with a myriad of responsibilities, before she was finally recognised as a Guru Cemerlang (excellent teacher) last year!

I take my hat off to teachers like her who were brought up, not only to work hard, but to continue doing so despite the adverse and challenging times.

Interestingly enough, Malcolm Gladwell’s book, Outliers – The Story of Success, agrees completely with what I’ve just said about the virtue of working hard.

Gladwell talks about the culture of hard work among Asians and ascribes this quality to the success enjoyed by many of them in America.

“In any Western College campus,” he writes, “Asian students have the reputation of being in the library long after everyone else has left”.

In the case of Chinese students, he traces this legacy to the peasant farmers in Southern China who didn’t sleep through the winter like their Western counterparts, but kept on working instead - repairing dikes, selling baskets, making tofu, doing many side tasks and then, when the winter was over – were “back in the fields at dawn!”

According to Gladwell, being willing to work hard on tasks that others would have long given up, is one of the traits of a successful person.

Thanks to Yale University Law Professor, Amy Chua’s book Battle Hymn of the Tiger Mother, “putting children through a gruelling schedule tailor-made for success” has now become a hot issue for worldwide debate.

Yet, how many of us teachers and parents can deny the fact that we ourselves often exhort our young to not only study hard, but study really hard?

The Asian perspective is clear - there is no short cut to success, only hard work.

I personally advocate balance. The work-reward cycle is what I believe in – and I tell my students so. I urge them to intersperse stints of hard work with doing activities they enjoy – like dancing, playing basketball or listening to music. But, I do motivate them to work hard.

I know that not all of them do so. Some just don’t or won’t put in the required work. I have accepted the fact that, after all has been said and done by a dedicated teacher, the choice a student makes ‘to be or not to be’ hardworking is sometimes out of the teacher’s hands.

To the administrative team in any school, it is more irksome to deal with teachers who don’t pull their weight. There is now an undeniable and growing divide between teachers who work hard as a matter of course (due to their cultural/familial upbringing, personal beliefs or attitude) and those who don’t.

Khatijah*, who has been an academic senior assistant for the past eight years laments the fact that when deadlines loom at school, it is the teachers who don’t meet targets and deadlines, that aggravate her the most.
To her and many in her position, this culture of desultory work and laziness among some teachers is what seriously affects the performance levels of the school.

She confides to me, “Some say it is the young teachers of today and their attitude towards work that are mostly to blame but seriously, I beg to differ. I’ve seen many a young teacher doing an admirable job while an older one remains tardy.”

Mohd Azmi*, who has been a school principal for 15 years, puts it very bluntly, “If we want to get school programmes up and running, let’s get some things straight. Work is work and it must be done. The sooner everyone understands this, the faster we achieve success.”

By the way, have you read about the dabbawalas of Mumbai – that fleet of mostly illiterate men donning white caps, who use bicycles and trains in the most efficient way possible to deliver hot lunches from homes to offices all over the Indian city?

Their work culture is so impressive that Harvard Business School has studied it as part of its MBA curriculum. The name of the case study? The Dabbawala System: On-Time Delivery, Every Time!
Gladwell says, “Working really hard is what successful people do.”

He’s right. The dabbawalas in Mumbai are successful because they work really hard. Not only that – they respect their work and are grateful for it; work is worship and a means to serve God, and finally, they work not because their boss is watching them do it, but because it is the right thing to do.

Listen. If you’re a laggard at work, pull up your socks my friend, pull them up!

*Names have been changed.

Spreading their wealth & giving back quietly, a pledge from the heart!

By RASHVINJEET S.BEDI  rashvin@thestar.com.my



Some of Malaysia’s richest individuals have been quietly supporting philanthrophic causes. 
 
HOW much are our super-rich worth? And are they giving back to society?

According to Forbes Asia, which released its 2011 rich list on Thursday, Malaysia’s top 40 richest individuals increased their wealth by 22% over the 2010 list. Their total fortune? A staggering US$62.1bil or RM188,320,000,000!

The number of digits alone is enough to make us ordinary folks sit up and take note. While many Malaysians still dream of making that first million or are still struggling for our bread and butter, our super-rich have zoomed far ahead.
Generous gesture: The Giving Pledge campaign initiated by Bill and Melinda Gates (above) and Warren Buffet has so far signed up 59 billionaires in the United States. – AP
Last week, Berjaya Corporation Bhd founder Tan Sri Vincent Tan pledged to donate at least half his wealth to charity through the “The Giving Pledge” campaign that was initiated by Microsoft founder Bill Gates, his wife Melinda and investor Warren Buffett.

Tan, a self-made entrepreneur who made it to the ninth spot on Malaysia’s rich list with a fortune estimated at US1.25bil (RM3.8bil), may well be the first billionaire outside America to openly make the pledge. (see story on Page 20)
So far, 59 billionaires in the United States have officially signed the pledge, an effort to invite the wealthiest individuals and families to commit to giving the bulk of their wealth to philanthropic causes and charitable organisations of their choice either during their lifetime or after their death.

The world’s youngest billionaire and Facebook founder Mark Zuckerberg, who is said to be worth US$6.9bil, signed the pledge last year. The 26-year-old entrepreneur believes it is a mistake to wait “when there is so much to be done.”

Others who have made pledges include New York Mayor Michael Bloomberg, Oracle founder Larry Ellison, Star Wars director George Lucas and CNN media mogul Ted Turner.

While not all our billionaires have openly pledged to give away their fortunes, a number of them have been quietly involved in philanthropic causes, some for decades.

Philanthropy is generally seen as a private matter in the Asian context, says Dr Yeah Kim Leng, chief economist of Rating Agency of Malaysia (RAM).

He believes that in Malaysia, some wealthy individuals have contributed substantially to philanthropic causes but kept a low profile.

A simple Google search shows that most of those on the Forbes list have channelled substantial sums to charity organisations or set up foundations for the poor or needy students.

“They are publicity shy because in Asian culture, contributions must be seen to come from the heart. I think it’s a personal choice we should respect,” says Yeah.

And with all philanthropists, it’s always the case of “giving back” to society. While each country has different needs, Malaysian philanthropists tend to focus on education and related causes of improving oneself. Tan himself set up The Better Foundation Malaysia in 1997.

Vincent Chin, the partner and managing director of the Boston Consulting Group (BCG) Malaysia says that in America, the tradition of giving back to society goes back to the days of oil magnate John Rockefeller.

“There is great understanding that society has given you a lot and you have the responsibility to give it back,” says Chin who is also BCG’s regional leader of philanthropy work in the Asia-Pacific region.

Datuk Ruby Khong, President of Kechara Soup Kitchen (KSK), however believes there is a tendency for many wealthy people to keep their fortunes within their families because of traditional and cultural beliefs.

“Our forefathers left their homeland to earn a living and they believed that every single cent is important. Tan’s gesture sets a precedent which hopefully, others will follow. People need someone they can relate to and emulate,” she points out.

Khong also hopes that people will look at Tan’s pledge in a positive light instead of questioning his motive.
Whatever the case, there is definitely a need for funds, says Josie Fernandez, director of Philanthropy Asia.
She points out that there are many overcrowded orphanages and homes which have to rely on the services of volunteers instead of full-time staff.

“The need for philanthropy will be greater in future with escalating prices,” she notes.

In other parts of the world, philanthropic activities centre on the greatest needs of that society as well as the passion of the giver, says Chin.

For instance in poorer countries, philanthropic contributions are often directed towards providing shelter, food and clothing whereas in richer economies, causes like the welfare of animals, the arts and culture gain attention. But at the end of the day, it doesn’t matter how the money is utilised as long as it is channelled to the needy.

Chinese businessman Chen Guangbiao, 42, for instance has pledged to donate his entire fortune to charity when he passes on and leave nothing for his descendants. Worth RM2.35bil, the father of two has donated RM635mil so far.

For Chen, wealth is like water.

“If you have a glass of water, you drink it yourself. If you have a bucket of water, you keep it in your house, but when you have a river, you have to learn to share it,” he said in an interview with StarBiz last year.

Billionaire Quotes

Passing down fortunes from generation to generation can do irreparable harm. In addition, there is no way to spend a fortune. How many residences, automobiles, airplanes and other luxury items can one acquire and use? Herb and Marion Sandler, former Co-CEOs of Golden West Financial Corporation and World Savings Bank

“People wait until late in their career to give back. But why wait when there is so much to be done?”
Facebook founder Mark Zuckerberg
 
Ridiculous yachts and private planes and big limousines won’t make people enjoy life more, and it sends out terrible messages to the people who work for them. It would be so much better if that money was spent in Africa – and it’s about getting a balance. 
British entreprenuer Richard Branson

Is the rich world aware of how four billion of the six billion live? If we were aware, we would want to help out, we’d want to get involved.
 Microsoft founder Bill Gates

“If you’re in the luckiest 1% of humanity, you owe it to the rest of humanity to think about the other 99%.”
American industrialist Warren Buffet

My father used to say, ‘You can spend a lot of time making money. The tough time comes when you have to give it away properly.’ How to give something back, that’s the tough part in life.
Lee Iacocca, former president and CEO of Chrysler Corporation

Giving back quietly

Many of those who made the rich list have been quietly supporting philanthrophic causes. Among them are:

>Tan Sri Robert Kuok Hock Nien, 87, has again made it to the top of Malaysia’s rich list, with a fortune estimated at US$12.5bil (RM38bil). He has held pole position since 2006 when Forbes Asia began ranking the 40 richest Malaysians. Unknown to many, the Kuok Foundation was set up in 1970 and has disbursed RM157mil in study loans, grants and scholarships from 1970 to 2009. As at end of 2009, more than 7,500 awardees have completed their studies.

>Telecommunications magnate Tan Sri Ananda Krishnan, 72, ranked number two on the list, is another publicity-shy billionaire. According to Forbes, he helped the 1985 Live Aid rock concert project that raised US$240mil around the world for African famine relief. Ananda, who is worth US$9.5bil (RM28.83bil), has donated millions to education, the arts, sports and humanitarian causes in Malaysia through his privately-owned holding company, Usaha Tegas, and its three main listed subsidiaries: Maxis; satellite TV company Astro and Tanjong. In 2003, Usaha Tegas pledged RM160mil to various education funds in the country.

>At number three spot is Puan Sri Lee Kim Hua, 81, the widow of casino magnate Tan Sri Lim Goh Tong whose family’s net worth is estimated at US$6.6bil (RM20.03bil). In 1978, Lim set up Yayasan Lim, a family foundation that donates regularly to educational and medical institutions, old folk’s homes, various organisations for the physically handicapped and other charitable causes. In 2009, the Group contributed to Women’s Aid Organisation, Malaysian Paediatric Foundation, Hospis Malaysia, Alzheimer Disease Foundation, Malaysian Liver Foundation, Tunku Azizah Fertility Foundation, Gujerati Association Federal Territory and Selangor, Divine Life Society and others.

> Tan Sri Syed Mokhtar AlBukhary, 59, who ranks No. 8 on the rich list and has an estimated worth of US$2.5bil (RM7.6bil), set up the AlBukhary Foundation which funds the AlBukhary International University AIU) in Kedah.The Foundation also does extensive work beyond Malaysian borders as well – it has done work in Afghanistan, Australia, Bosnia, Indonesia, Iran, Nepal and Pakistan among others.


A pledge from the heart

By RASHVINJEET S. BEDI  rashvin@thestar.com.my

Saying it’s no publicity stunt, Tan Sri Vincent Tan explains why he made the pledge to give away half his fortune. 
 
TO all the doubting Thomases out there who think his pledge to donate half his fortune is just a publicity stunt, tycoon Tan Sri Vincent Tan Chee Yioun, 59, has one request – to give him the benefit of the doubt.
“People shouldn’t pre-judge me but look at my actions over the next couple of years,” he tells Sunday Star.

Tycoon on a mission: Tan sharing a light moment with children from the Nurul Iman Welfare Society For the Children of People Living with HIV/AIDS, Malaysia. He hopes to help as many organisations as he can.
“If more wealthy people give half their wealth away, the world will be a much better place. I do not want to put pressure on anyone but just motivate more to contribute (to society),” he says, while acknowledging that a number of fellow billionaires are already donating to charity and education foundations quietly.

Tan adds that he will leave enough for his children so they are “comfortable”, but not to the extent that they don’t have to work. His 11 children, he stresses, have been supportive of his decision.

“They say it’s my money and I can make the decisions. They know I didn’t inherit it and that I started with nothing,” says the Berjaya Corporation chairman, adding that his inspiration to pledge half his wealth came from the Giving Pledge, an initiative by US philanthropists Bill Gates, Melinda Gates and Warren Buffet.

Tan adds modestly that even if he is worth RM1bil, half of it would mean RM500mil.
“That’s still a lot of money,” he points out.
Forbes Asia’s list of Malaysia’s top 40 richest individuals released on Thursday placed Tan on the ninth spot with a fortune of US$1.25bil (RM3.8bil). His Berjaya Group has diverse interests in food and beverage, financial services, telecommunications, property, resorts and gaming. Many are familiar names like Digi, Sports Toto, McDonald’s, Starbucks and 7-Eleven.

While all causes are deserving, Tan says he admires Mercy Malaysia, the Tzu Chi Society Buddhist organisation and World Vision for their work.

“These are organisations that I would like to work with,” he says, adding that contact had been established with them.

But, he says, he is not closing doors on other causes because he wants to be as diversified in his philanthropic work as he is in his business endeavours.

“We want to touch more lives,” says Tan whose Better Malaysia Foundation already supports a number of charities.

Tan, who has pledged RM20mil to charity this year, explains that he would not be able to give everything immediately but will do so gradually as he needs to divest some businesses and personal investments to bring in the cash for charity.

“With divine blessings, I can live to 80. That’s another 21 years. If I can give an average of RM50mil a year, that would be RM1bil,” he says.

So will it be difficult to part with all that cash?

“It doesn’t really affect my lifestyle, so it’s not difficult. We are only custodians of wealth. The public supports our businesses, so it is only right to give some of it back to society.”

For those who aspire to join the Billionaires’ Club, Tan says hard work is essential to achieve success. But he believes luck plays a major role too. In his case, he was lucky to get the franchise for McDonald’s in 1982, he adds, revealing that he wrote hundreds of letters over a seven-year period before McDonald’s responded to him. The rest, as they say, is history.

“I was persistent. You have to be hardworking but many hardworking people never had luck,” he grins.
Tan, who only studied until Form Five, also believes it is important to have a good command of English.

“It is important to understand and be able to speak English because it is the language of progress. If I didn’t have a good command of English, do you think McDonald’s would have chosen me as their partner?”

One of his dream projects is to set up free or subsidised tuition classes for English throughout the country to help the young generation improve their grasp of the language.

Asked if he would consider pledging 99% of his wealth just like Buffet and Gates, Tan replies that the percentage pledged depends on one’s wealth. He points out that Gates and Buffett have tremendous wealth that will last generations even after giving them away.

“I think 50% is a good start. If I were much more wealthy, perhaps I would give more,” he quips.

Saturday, March 5, 2011

Old is Bold!

Keep the mind and body going after retirement

Stories by Revathi Murugappan



Retirement doesn’t have to be a time to let your mind and body go idle. Did you know there are actually people who move on to a second career after or near retirement and find it even more fulfilling?

You’ve reached a major milestone in life — retirement. That’s when reality hits. What are you going to do in your “golden years” now that you are no longer employed and no longer draw an income?

Yes, you have tons of reading material to plough through, friends to catch up with, hobbies to start, places to explore, but what else? Retirement might sound like a great idea when you’re in the 40s, but once people approach 55, they usually find they aren’t ready to call it quits yet.

While there is growing awareness about the need to plan, less than 5% of Malaysians are prepared for retirement and fail to take into consideration inflation rates and rising medical costs. Moreover, according to a study in the October 2009 issue of the Journal of Occupational Health Psychology published by the American Psychological Association, older people who continue to hold a job after retirement enjoy better health than their non-working peers.

The retirees who continue to work in temporary or part-time jobs, called bridge employment, suffer 17% fewer major diseases than those who stopped working completely. People whose post-retirement jobs are related to their previous careers also reported better mental health than those who retired completely.
However, people who worked in jobs outside their field after retirement did not show the same mental health benefits, the study reported.

“If you are doing something that is similar to what you were doing in your career, it’s easier for you to adjust. If you’re working on something you are totally not familiar with, or if you’re working on something just for the money, then you have to readjust to the job, and for older adults, it’s usually pretty challenging,” says the study’s co-author Mo Wang, a professor of psychology at the University of Maryland.

The most popular retiree jobs include being a consultant, cashier, caterer, security officer, usher, baker, floral assistant, tour guide, temp worker, retail worker and store greeter. Yep, these may seem a little stereotypical, but they are popular with retirees. Not only is greeting a low-stress way to earn some extra income, it’s also the perfect prescription for bored retirees who want to get out and socialise.

Plus, store greeter positions aren’t just limited to hypermarkets and supermarkets anymore. These days, businesses from car dealerships to electronics stores in the United States are hiring happy, smiley greeters to welcome customers.

While most seniors might be content with part-time jobs, there are others who embark on a new career or switch jobs just before retirement so that they can stay in the workforce longer. Usually, they set up their own business and dictate their own hours. Often, the second career proves to be more rewarding.

The following are three people who made a new beginning near retirement.

Well, I’ll be farmed!

Another person who made a career switch rather late in life is Low Yeng Teck, 52. Low had put in 28 years in his job when he started getting restless. He was in a sales and marketing job at a multinational company and desperately wanted a change — something fun, more challenging and which did not involve technology.

“Most of us in the corporate sector have this nagging feeling that we won’t be here working forever and wonder what will happen beyond that. An ordinary person has three to five job changes in his life but I did different things in the same organisation,” he shares.

The opportunity to embark on a different career came up five years earlier for Low, then 44, when an acquaintance asked if he would like to dabble in agriculture.
Low Yeng Teck quit his job at 49 and purchased an oil palm estate. Its success allows him to pursue his hobbies like hiking and fishing. — LOW YENG TECK
 
“I thought about it but I didn’t have the expertise, although my family was supportive of the idea. I was interested in nature but didn’t know anything about planting crops,” he says.

With three teenage sons to raise, Low took time to think things through carefully. Then at 49, he decided to take the plunge. He quit his job and bought a neglected oil palm estate in east Malaysia with a few friends. Since he had access to professional help, he hoped he would be able to develop the land.

However, it was tough-going initially. Low had to sleep on wooden floors, learn how to harvest the fruit, apply fertiliser, drive a tractor, handle equipment breakdowns and deal with lack of workers. For his trouble, he got thorns in his fingers, crashed his tractor, rolled down a hill and sustained injuries.

“It was a surreal feeling. Many times, I wondered what the heck I was doing leaving my cushy job behind. Maybe I was going through a mid-life crisis!” he chuckles.

But, Low persevered and the estate is now up and running with 15 workers on his payroll. These days, Low only heads there when there is an emergency.

With the oil palm business in full swing and time on his hands, Low is now helping a friend in the security business dealing with CCTVs and video surveillance.

“It gives me a reason to wake up every morning. I go to the office daily but the surprising fact is that I’m back to dabbling with technology. When I left the industry, it was a strange feeling. I felt something was missing because I had been conditioned to ‘do battle’. Now I set my own agenda and work at my own pace,” says Low.

He admits that had he continued working with the multinational firm, he would be more comfortable financially.

“Looking back, I have no regrets. If I had a chance to do it all over again, I wouldn’t have changed anything. Money is always important but it is not a determining factor for me.”

With more time on his hands, Low often goes fishing and golfing, and is hoping to compete in a 10km run soon. The missus and him also go hiking whenever possible.

“Retirement? What’s that?” he asks. “You don’t really retire in the private sector. You work till you die! Today, we keep ourselves fit and the concept of retirement doesn’t exist. I still feel as if I’m in my 30s. I don’t feel old. I’m plugged into what’s happening in the world,” he says.

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