It seems that CEOs of Fortune 500 companies are out to destroy the credibility of markets. It’s simple pure greed, which drives the corporate leaders to indulge in malpractices. The latest culprit this time is from South Korea – Hyundai Motor Co. Chairman, Chung Mong Koo–held guilty for embezzlement to the tune of $100 million to feed the ever hungry politicians and to stuff his own pockets. The Seoul Central Court has awarded the business leader 3 years imprisonment for the white-collar crime. The development does not augur well for the Korean economy which is desperately awaiting a better news to lift up its spirits.
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Source : IIPM Editorial, 2007
An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative
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