January 15, 2007,
News & Opinion
Today's Dose of The Executive Almanac:
How to Deal with White-Collar Crime
"In September 2004, the Chinese government executed four bank executives for fraud totaling $15 million. The two banks involved were state-owned entities. Wang Liming, an accounting officer at China Construction Bank, was put to death, along with an accomplice, Miao Ping, for stealing 20 million yuan (about $2.