Comments on: Yanks, Euros, Japs grouping up on Korean firms?

By: slim

slim — Sun, 05 Mar 2006 14:01:41 +0000

Bluejives, after that unfortunate scumbag episode and now this, I fear you are losing whatever grip you had. Maybe those savagings by iheartblueballs have take a bigger toll than we’d thought.

Bernie Ebbers is appealing a, what, 25-year sentence. Chey got a light suspended sentence, runs his company and is a captain of Korean industry. (Lay is likely to do time, legal analysts say.)

I rest my case.

By: your mum

your mum — Sun, 05 Mar 2006 11:53:31 +0000

you big tease, gbnhj

By: gbnhj

gbnhj — Sun, 05 Mar 2006 09:47:52 +0000

Yes, I do think that it’s good grounds for dismissal - not just in this case, but generally. However, in this case there is little left to ponder, as the events have already transpired. At this point, Sovereign maintains its desire to see Chey removed, but no other large investors do, for the reasons already stated.

And, about the other - no (sorry )

By: your mum

your mum — Sun, 05 Mar 2006 09:06:22 +0000

gbnhj: Regarding CTW’s return: Sovereign had a hard-on to have him ousted, because he stood in the way of their efforts to break the company up. Chey returned to helm largely because local investors and the Roh Moo-hyun government didn’t want to see that happen, and he’s weathered the storm because the rise in global oil prices has increased SK’s profitability.

Whatever Sovereign’s intentions, don’t you think that being convicted of fraud is pretty good grounds for dismissal as boss of a firm?
Oh, and please tell us what you know about Ko So-young.

By: gbnhj

gbnhj — Sun, 05 Mar 2006 08:43:55 +0000

By the way, did you hear the rumour about how Chey Tae-won fathered Ko So-young’s love child? Apparently that’s why she’s been off the celebrity radar for so long.

I had (it’s a little old now). Basically, she’s paid large sums to hang out in the States. And - though I’ll not be the first to write it here - there’s a bit more to that story…

Regarding CTW’s return: Sovereign had a hard-on to have him ousted, because he stood in the way of their efforts to break the company up. Chey returned to helm largely because local investors and the Roh Moo-hyun government didn’t want to see that happen, and he’s weathered the storm because the rise in global oil prices has increased SK’s profitability.

By: bluejives

bluejives — Sun, 05 Mar 2006 08:13:26 +0000

Actually, if Slim really knew what he was talking about, he should have asked where Bernie Ebbers (of Worldcom scandal fame) is sitting now, since what Ebbers did is more directly comparable to that of Chey Tae-won. But the Enron trial is still in progress and we dont know what the verdict is yet. Mostly likely, Mr Lay will do some time in a country club prison and afterwards be where Martha Stewart is now.

By: your mum

your mum — Sun, 05 Mar 2006 08:01:45 +0000

Slim, is that the best comparison? Although Chey Tae-won managed the stunning feat of not getting the boot from SK Global despite doing 7 months, the fact is that he DID do time. Do you honestly think Ken Lay will too? (That is not rhetorical; I honestly want to know).
By the way, did you hear the rumour about how Chey Tae-won fathered Ko So-young’s love child? Apparently that’s why she’s been off the celebrity radar for so long.

By: slim

slim — Fri, 03 Mar 2006 20:04:42 +0000

I don’t think the Korean nativist faction here really wants to go out on the limb of comparing US-ROK corruption, but if you do get tempted, stop and ask yourself where Ken Lay is sitting now and then check what Chey Tae-won is doing.

By: cm

cm — Fri, 03 Mar 2006 19:08:28 +0000

Maybe Korea should legalize lobbying and election campaign funds, just like the US. Then maybe a big chunk of corruption would go away in one big swoop.

By: bluejives

bluejives — Fri, 03 Mar 2006 15:57:45 +0000

baduk,

That’s not the way it works. You hire lobbyists, not bribe politicians. One is legal, the other is not. It’s effectively the same thing, but the Americans seem to think there’s a difference.