Thursday, January 17, 2008

Too much private interest leading to jail:WashPost,1/17/08

Ex-CEO gets 21 months for tampering with options. Gregory Reyes was found guilty on 10 securities fraud counts. As I sent my blog in the past,greed may be the issue for too much private interest and too little public interest! Any society should have balanced public and private interests. Where is the optimal point? Depending on lifestyle and morality. The lifestyle of the Chinese folks are different from those folks in USA. REASON: Chinese education with Chinese philosophy and family tradition and custom would differ from educational materials in schooling plus media impact in USA. There are American influence in China such as McDonald being liked by kids. Fast food may be unhealthy as we are aware of such cases. There are several greedy folks in China as well that are caught by authorities for corruption exposed to media. Francis Shieh on Jan. 17, 2008

No comments: