Word: businessmen
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...accepted Filipino students before World War II, and no Filipinos were on its faculty. Americans may have prided themselves on a benign colonial policy, but not that benign. Almost all the 100 students used to be Americans, the sons and daughters of Army and Navy officers, Government officials and businessmen who had some how landed in the Philippines...
...what about the infamous corruption traditionally associated with unions? The authors claim that its prevalence is simply exaggerated. "There are more crooked businessmen than union members," says Freeman. Both he and Medoff, who describe themselves "in their 30s," say that the extortionate behavior of unions is isolated and overpublicized, what matters to unions members, they say, is how democratic their local unions is--and this can usually be measured by the amount of turnover among elected officials. "We found that at local unions there was a great amount of democracy. People usually point to the lack of turnover...
Professor of Economics Richard B. Freeman discredits the idea of infamous corruption associated with unions, saying, "There are more crooked businessmen than union members...
...Chinese still have a long way to go before they inspire widespread confidence in Western businessmen. China's legal system, for example, makes it difficult to reach agreements. But progress is being made. A new national patent law, which will help protect Western technology imported into China, is now in effect. Other new laws help resolve disputes between China and foreign companies. Those reforms should make it easier for others to follow Chairman Hammer's lead...
...estimated $72,000 in cash and duty-free golf clubs and appliances to key South Korean officials in order to help win four nuclear-power-plant contracts worth more than $400 million. If that is true, the payments violate the 1977 Foreign Corrupt Practices Act, which prohibits U.S. businessmen from making payments to foreign officials in order to win contracts. Moreover, the articles say that Defense Secretary Caspar Weinberger, Bechtel's general counsel at the time, and Secretary of State George Shultz, then Bechtel's vice chairman, were in a position to know about the bribes...