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Monday, August 30, 2010

China to Job-Seeking C.E.O.’s: Come Work for China

China to Job-Seeking C.E.O.’s: Come Work for China - NY Times.

A common problem with state owned companies is nepotism, where the best person may not get the job, but a relative or other politically well connected person does. The term used for offspring of the Chinese leadership is princeling.

The same happens in the US with Ambassador postings. Many of them go as political payoffs for the administration that assumed power.

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