Word: businessmen
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...take his father's position atop the board in what would be the first dynastic succession in a major Chinese firm. Wanxiang supplies the makers of most passenger cars in China and operates factories in the U.S. that sell to the Big Three automakers. Lu, who unlike many local businessmen won't speculate in things like real estate, is playing it safe: "I get enough excitement running the company. I don't need to joyride anymore." --By Matthew Forney/Beijing
...bank accounts linked to both Roh's campaign and those of the opposition Grand National Party (GNP), the probe is unprecedented in scope and scale. Political pundits are comparing the dragnet to Italy's "Clean Hands" crackdown of the early 1990s, when reform-minded investigators sent hundreds of businessmen, bureaucrats and prominent politicians to jail. GNP members are also under investigation: GNP lawmaker Choi Don Woong has already admitted to taking $8.3 million from...
...average Indian voter may have learned to live with corruption. But many Indian businessmen, faced with extortion by bureaucrats and competitors using bribery to achieve unfair advantage, have not. Former CBI director turned antigraft campaigner Joginder Singh says his research shows that the typical Indian entrepreneur faces 65 different inspections from various officials before he can open shop. "And these officials are not there to help," says Singh, "but to extort." As a result, many enterprises shut down in their first few weeks or fail to get beyond the drawing board...
...Russia's first years as a market economy, crooks and businessmen were one and the same. But Mikhail Khodorkovsky, 40, the richest man in Russia, was a self-imposed reform movement. His Yukos Oil Co. enjoys a reputation among foreign investors as perhaps the most Western-like company in Russia. It has a cluster of Americans on its board; among top management, it uses U.S. accounting standards; and it was the first Russian company to detail its precise ownership structure. Yukos has been talking with both ExxonMobil and ChevronTexaco about the possible sale to one of them of as much...
...could have found the skit funny." The Xi'an riots provide only the most recent evidence of the hostility and distrust some Chinese still harbor toward their neighbors to the East. In September, Chinese Internet chat rooms were inflamed over an orgy involving 500 Chinese prostitutes and 400 Japanese businessmen reported by state press to have taken place in the southern city of Zhuhai. Many Chinese assumed the businessmen were not merely indulging in vice, but had held the orgy as a premeditated slur...