Word: bossing
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...fill. The brilliant but overbearing Zhu, 74, brought China into the World Trade Organization and hacked away for a decade at the stultifying vestiges of the command economy. For the world's most prominent businessmen, including Microsoft CEO Steve Ballmer and former AOL Time Warner CEO Jerry Levin, "Boss Zhu" was the man to see. Says Elizabeth Knup, managing director of consultancy Kamsky Associates in Beijing: "Americans found him simpatico, the least inscrutable of China's leaders...
...firmly in the camp of reformists and protodemocrats as an aide to party chief Zhao Ziyang. Zhao failed in his bid to oust authoritarian party elders during Tiananmen and has lived under house arrest ever since. Wen avoided that fate by telling interrogators he was just obeying his boss. Now he's one of China's most powerful men. "I suspect he supports political reform," says a liberal editor at a party-run newspaper, "but he won't take risks...
...stop lending to money-losing state enterprises, bad loans continue to mount, jeopardizing the nation's financial system. Agriculture has also fared poorly under Wen, with farmers' incomes stagnating while China's economy grows at 8% a year. Even when Wen could possibly have mitigated the mistakes of his boss, he chose to keep characteristically taciturn. According to a Chinese professor who discussed with him Zhu's decision to create a state grain monopoly in 1998, Wen "had feelings against the policy but didn't dare speak up." After the government wasted $12 billion supporting its monopoly for two years...
...attacks, pro-SUV forces cheered last month when it was disclosed that the Bush Administration wants to increase a tax break allowing small businesses to deduct much of the price of the heaviest SUVs from their taxes--even when those SUVs won't be hauling anything more than the boss and his morning Starbucks...
...holdings. In fact, Berlusconi seems bent on expansion. Fininvest, the Berlusconi family holding company, bought shares in several banks and raised its stake in the Spanish network, Telecinco, to 52% from 40%. In early February, the Prime Minister's oldest daughter, Marina - a vice president of Fininvest - was named boss at Mondadori, Italy's largest publishing house. Opposition leader Francesco Rutelli last week cited what he says is another glaring conflict: a Feb. 11 lunch Berlusconi had with Rupert Murdoch in the midst of the Australian tycoon's bid to expand his Italian cable TV holdings. Rutelli smells a backroom...