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Q: Are Chinese companies getting a taste of "rule of law" now?

http://www.cbc.ca/news/business/story/2012/12/03/osc-ernst-young.html

 

Five firms charged with impeding investigations. 

7 years 4 days ago in  Business & Jobs - China

 
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i really don't see how this hurts the chinese companies involved. they already robbed the investors. what people should learn from this is, stop letting execs screw the taxpayers over. and definitely have safe guards in place to not allow foreign execs to screw the taxpayers over. 

i teach business english. i teach them how llc are essentially a scam in the making. you run a crap load of debt, pay yourselves billions in salary and  compensation. take out loans then file for bankruptcy. in a llc the people who run the company are not responsible for any of the debt. 

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7 years 4 days ago
 
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Chinese companies are used to doing business in other developing nations that are as corrupt as their own.

In the last few years they have tried to make inroads with acquisitions in the west pretending they are legitimate corporations even tho they are controlled by the the state...which has it's own agenda and is corrupt to the bone.

It may work at the beginning...the buying of executives with booze and whores but eventually shit here gets aired for the publics scrutiny.

I am shocked that Deloitte and PWC were dragged into this as well.

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7 years 4 days ago
 
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