JPHiP Forum

General => General Discussion => Topic started by: Foxy Brown on August 14, 2007, 04:54:29 PM

Title: Chinese executive kills self amid recall
Post by: Foxy Brown on August 14, 2007, 04:54:29 PM
The head of a Chinese manufacturer whose lead-tainted Sesame Street toys were the center of a massive U.S. recall has killed himself, a state-run newspaper said Monday.

Cheung Shu-hung, who co-owned Lee Der Industrial Co., committed suicide at a warehouse over the weekend, apparently by hanging himself, the Southern Metropolis Daily reported. (http://news.yahoo.com/s/ap/20070813/ap_on_re_as/china_tainted_products)
Title: Re: Chinese executive kills self amid recall
Post by: chokkan 2 on August 14, 2007, 05:21:50 PM
he hung himself because he can't afford the penalities for loosing those orders ("broke the contract" ?!)  ....... according to some chinese newspaper


EDIT: The penalities are over 200 Million Chinese Yuan (over USD $26.4 million)
Title: Re: Chinese executive kills self amid recall
Post by: Tuffty on August 14, 2007, 05:26:48 PM
There's a paranoid troll in another forum I frequently go to that has a whole vendetta against the Chinese, thinking all of these faulty tires, or minute traces of lead in toothpaste are some plot from them to kill U.S. civilians. This will just add more fuel to the fire...
Title: Re: Chinese executive kills self amid recall
Post by: nop on August 14, 2007, 06:48:55 PM
He commits suicide because he cannot bear on  pressures.  Pressures could come from  Communist party, sense of betrayal by close friend (paint supplier), society pressure, self pressure, financial pressure.  Too bad we don't know his suicide note yet, because it could shed some insight on his thinking and emotional condition.
Title: Re: Chinese executive kills self amid recall
Post by: StreakInTheSky on August 15, 2007, 07:49:35 AM
It's not uncommon for people to commit suicide because of failed investments. And since it cost him over 20 millin USD, he and his company probably won't be able to recover from it. And with everything else, it's not really surprising, though it is tragic.
Title: Re: Chinese executive kills self amid recall
Post by: kazitakato on August 15, 2007, 08:26:45 AM
The pressures of the working life....makes me NOT look forward to my graduation next year. I wonder if Hello Project needs an Instrument Engineer???
Title: Re: Chinese executive kills self amid recall
Post by: StreakInTheSky on August 16, 2007, 09:34:26 AM
I doubt you'd be millions in dollars in debt from being an engineer :lol: