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Governor

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Q: Why do the ultrawealthy (obscenely rich) Chinese think their money can buy an Ivy league degree?

I like how the mom is playing dumb and claiming this was a donation to Stanford. Well, it's so nice that Chinese nationals feel compelled to give 6.5 million to an American university, ostensibly out of the kindness of their little hearts.

From WSJ:

BEIJING—The parents behind the largest-known payment in the college admissions scandal offer a window into the elite world of the ultrawealthy Chinese business class.

Like many affluent Chinese, pharmaceutical billionaire Zhao Tao cultivated close ties with Beijing while also seeking to move in influential circles abroad and securing a top-flight foreign education for his child.

Not long after his daughter got into Stanford University allegedly with the help of a $6.5 million payment, for example, Mr. Zhao met with President Trump to promote a key Beijing foreign-policy initiative.

Mr. Zhao led a delegation of Chinese entrepreneurs to a June 28, 2017, meeting in Washington, according to his company’s website. He had his picture taken with President Trump alongside the first lady.

Around the time of his Washington trip, Mr. Zhao’s daughter Yusi was preparing for her freshman year at Stanford. The Zhao family paid $6.5 million to college counselor William “Rick” Singer to help secure their daughter’s admission. Mr. Singer has admitted to masterminding the largest college-admissions cheating ring U.S. law enforcement says it has prosecuted.

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Yusi Zhao’s mother said through her lawyer that she thought the $6.5 million was a donation going to Stanford, and that she was unfamiliar with the U.S. college-admissions process.

Mr. Zhao, in a statement released by his company, Shandong Buchang Pharmaceuticals Co., said his daughter’s study in the U.S. was a personal matter and the source of funds wasn’t related to his company. He didn’t respond to questions raised with the company about his meeting with Mr. Trump.

The White House declined to comment.

6 weeks 1 day ago in  General  - China

 
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Emperor

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So, and rich 'mericans (or any other nationality) are any different?

 

'Money can buy things ...' is one of the rudimentary principles of money ...

 

My concern is at e-Tities Redeem pints 'cause as it looks, Admin. changed original promise ... I mean, I must walk without coat in rainy weather despite .....

 

 

Is that humane? I repeat: 'Is that ....?"

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6 weeks 1 day ago
 
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Posts: 15464

Emperor

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So, and rich 'mericans (or any other nationality) are any different?

 

'Money can buy things ...' is one of the rudimentary principles of money ...

 

My concern is at e-Tities Redeem pints 'cause as it looks, Admin. changed original promise ... I mean, I must walk without coat in rainy weather despite .....

 

 

Is that humane? I repeat: 'Is that ....?"

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6 weeks 1 day ago
 
Posts: 28

Minor Official

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Not just the Chinese...anyone with the cash can greese the skids for an "easy" Ivy League degree. Corruption knows no ethnicity

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5 weeks 5 days ago
 
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Emperor

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"Can't Buy Me Love"
 

Can't buy me love, love
Can't buy me love

I'll buy you a diamond ring my friend
If it makes you feel alright
I'll get you anything my friend
If it makes you feel alright
'Cause I don't care too much for money
Money can't buy me love

I'll give you all I've got to give
If you say you love me too
I may not have a lot to give
But what I've got I'll give to you
I don't care too much for money
Money can't buy me love

Can't buy me love, everybody tells me so
Can't buy me love, no, no, no, no

Say you don't need no diamond rings
And I'll be satisfied
Tell me that you want the kind of things
That money just can't buy
I don't care too much for money
Money can't buy me love

Can't buy me love, everybody tells me so
Can't buy me love, no, no, no, no

Say you don't need no diamond rings
And I'll be satisfied
Tell me that you want the kind of things
That money just can't buy
I don't care too much for money
Money can't buy me love

Can't buy me love, love
Can't buy me love, oh 

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5 weeks 5 days ago
 
Posts: 42

General

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As an aside, Stanford is not in the Ivy League. The schools in the Ivy League (like Stanford) do have a long history of admitting students whose parents make large contributions.

 

I can easily believe that a Chinese parent would not recognize that the "donation" in this story was an illegal bribe as opposed to the perfectly legal brib of endowing a chair or paying for a new building.

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5 weeks 5 days ago
 
Posts: 438

General

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Why do you think they can do it?? Well...because they can.

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4 weeks 6 days ago
 
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