losses through thefts

Utility companies lost over $74million on thefts of wiring cables and other products. Every year these companies claimed that they lost a few millions through theft. The question is why these companies never installed CCTV in their premises and employed guards to patrol the premises. As what the Pas Government in Kelantan says the party wanted to audit the TNB management for increasing the electricity hike of 12% on 1/6/06. Aren't we, as the tax-payers paid for the losses of these companies? TNB for example always declared making profit over $1billion and yet the company wants to hike its rates citing the burden of $30billion loans. Now why borrowed so much money and yet causing frequent breakdowns? As one former TNB officer said it was outright wastages of funds and wrong management people sitting on the company. IWK another GLC of the government which was a failure in the privitization project and the Federal Government had to bailed it out. I think the bosses of these companies arent walking the talk. They are working in the offices fogetting about field audit of the many offices/branches in the country and employing many deadwood who just bleed every penny in the company's coffers. These CEOs should routinely audit the staff throughout the country. In doing so I believe they can reduce wastage and know the real problems affecting the companies. Walk the roads where you find the answers to all the losses running to millions..

Malaysia.....always very charitable until our pockets turn dry...