xmlns:og='http://ogp.me/ns#'. The Digibandit: Us Corporate Failures Should Consider Suicide

Thursday, November 08, 2007

Us Corporate Failures Should Consider Suicide

BEIJING (Reuters) - The boss of a Chinese toy manufacturing company involved in a Mattel recall after its products were found to contain excessive lead levels has hanged himself, Chinese media reported on Monday.

Zhang Shuhong, a Hong Kong businessman in his 50s and boss of the Lida Toy Company in the southern province of Guangdong, was found dead in his factory workshop on Saturday, the semi-official Southern Metropolitan Daily said.

About 1.5 million preschool toys made by Lida Toy, a Foshan-based contract manufacturer for Mattel Inc.'s Fisher-Price unit, were recalled across the globe by the U.S. company last week.

Zhang is my kind of guy! No excuses and no one hundred million payout deal for fucking up. He saves the wife and kids years of listening to his recriminations and crybaby crapola - the stock holders save a huge pile of money; and the public and his financial cronies get an object lesson in real old fashioned accountability.

Hey -- Roman generals fell on their swords and Samurai warriors opened up their guts with a knife! --The least that those pampered failures at Enron or Citigroup or those Savings and Loan guys could do is follow the wonderful and ballsy example of Zhang Shuhong and go out and hang themselves.

And it should be mandated by the Securities and Exchange Commission that every board room of the fortune five hundred companies and all Hedge Fund executive offices have a picture prominently displayed on their wall of Zhang Shuhong swinging in the breeze. (that is, of course, until we build up a domestic rogues gallery of corporate swingers (pun))

Which one of you guys wants to be first? -- C'mon - Go out in style!