No benefits
The Guyana Sugar Corporation (GuySuCo) has been the subject of many letters in recent weeks. These letters for the most part contain a common theme, and that is, GuySuCo is unprofitable and its management should rethink its business model. These many letters are in addition to the series of weekly discourses on the ailing public corporation that Dr Clive Thomas presented in the Stabroek News under the brand ‘Guyana and the wider world.’ From his writings, it is clear that as a business GuySuCo is not doing well and does not seem to know how to heal itself. For the past five years, not only has GuySuCo’s production sunk deeply but it has failed to turn a profit. Five years of inefficiency, declining productivity and unprofitability by the largest public corporation in Guyana does not seem to disturb too many in Guyana. The story about GuySuCo’s shrinking influence in the Guyana economy is not merely about economic and financial losses. It is also about the economic and social damage that it is doing to the economy. Too many Guyanese seem ready to tolerate one of the most colossal acts of mismanagement of public funds even though they are receiving no benefits from that corporation as this article intends to reveal.
Mediocre team
One of the restraints of a mediocre team is fear of losing its star batsman even though he has begun to fail more consistently than was the case in the past. The team prides itself on having this legend and finds it difficult to abandon this player who was treasured for a long time even though his performance is yielding no
