Chinese May Execute Milk Company CEOs
Hi All,
I don't know if you remember this, but a while back there was a big scandal with tainted milk coming out of china. Something like 4 children died and over 50,000 got sick because the Chinese milk had melamine in it. It was hugely costly for business as Cadbury and Lipton had to recall a bunch of their Asian products (1).
Well, looks like the Chinese government is going to give the former milk company CEOs the death penalty (1). Thats not messing around.
Sometimes I think the US justice system is too lenient on white collar criminals. It's a joke that guys like Bernie Madoff aren't eligible for the death penalty. If one harms as many people as Madoff did, under any reasonable system one would be a prime candidate for the maximum penalty.
Best,
James
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5 comments:
That's cool. I'd bet if a policy was enacted like that here in the states that big business would be a bit different. I almost wonder how different the situation our country is in would be if this had started 5 or 10 years ago.
Would all the crooked ass bankers & real estate folks have pushed all the bad loans if they could be held seriously accountable?
China actually executes a significant number of people; they have RVs that are equipped as execution/death chambers that travel the countryside.
Life is cheap over there. It plays out in a lot of different ways.
I don't know about you guys, but this is pretty scary to me...
They did the same thing to the head of the Chinese equivalent to the FDA when he allowed certain drugs to get ok'd and a banker that embezzled a lot of money. They just don't mess around with this stuff.
That's scary. And it's something that will -- can I say never and get away with it? -- never happen in the West. I hope.
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