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GLD 368.31+0.6%Nov 7 4:00 PM EST

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To: TobagoJack who wrote (23749)10/10/2007 12:04:29 AM
From: Maurice Winn  Read Replies (2) of 217639
 
TJ, you are amusing. It's always a sure bet to dig behind your fakery and read the real deal. <The official Xinhua news agency quoted Li as saying that police had detained four Chinese nationals accused of having supplied one of Mattel's contract manufacturers, Lida Toy, with the substandard paint behind the first recall in August.

The head of Lida, Zhang Shuhong, a Hong Kong businessman in his 50s, killed himself after the recall.

"The four suspects can expect criminal sentences," Xinhua quoted Li as telling Debrowski.
>

Why do you think said Chinese suppliers would be arrested if it was all the fault of Mattel? Why would one kill himself if he was doing such a good job of meeting specifications?

The reason Mattel apologized was that they were advised by their legal people that libel and slander are not good for business. Accusing suppliers of things they didn't do is defamatory, even if the suppliers did do other things which they shouldn't have done. That's my conclusion.

You are right to laugh at the idea of the USA having a culture of taking responsibility. My impression is that they have a culture of taking good legal advice and litigating like crazy. Japanese are far more inclined to take responsibility because they have a strong sense of being responsible for the collective good, which Chinese and Americans do not have.

Mqurice
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