Mark42
Fleet Admiral
- Joined
- Oct 8, 2003
- Messages
- 9,334
The short version...
You know he knew what was going on or he wouldn't have hung himself. It seems that China has embraced Democracy, but even more so, embraced corruption.
Cheung Shu-hung, a co-owner of the Lee Der Industrial in southern China, came under severe pressure in August after El Segundo, Calif.-based Mattel voluntarily recalled nearly 1 million plastic preschool toys made by Lee Der and containing paint with excessive levels of lead.
State media reported Monday that Cheung greeted workers over the weekend, chatted with them, then went to the warehouse and hanged himself.
According to the Southern Metropolitan Daily newspaper, Cheung, reportedly in his 50s and unmarried, was sold the defective paint by his best friend.
Last week, Mattel identified Lee Der as the sole source of its lead-paint problem. Adding to the pressure on Cheung, Mattel invited competitors to sever their relationship with the Chinese supplier.
Reports of his death spread quickly through China's toy industry.
"I'm surprised to hear about his suicide," said Xu Quanning, secretary of the Shanghai Toy Association. "Then again, $30 million is a huge financial hit. He must have known about the lead paint. It's almost impossible the company chief wouldn't know."
You know he knew what was going on or he wouldn't have hung himself. It seems that China has embraced Democracy, but even more so, embraced corruption.