
Another rich and powerful leader finds himself in jail, facing charges. I always wonder how this happens, what his first
step toward time in prison was, and where you and I are stepping right now. From BusinessWeek:
"With its charismatic chairman, Chung Mong Koo, now prisoner No. 4011 at the Seoul Detention Center, Hyundai Motor Co. seems to be adrift. On April 28, investigators arrested Chung on charges of embezzlement and breach of trust. Prosecutors say Chung played an important role in raising some $140 million in illegal funds that were used to bribe government officials. And they say he inflicted damage of more than $400 million on the group through irregular deals aimed at enriching his family. Neither Chung nor his lawyer was available for comment, though when he was brought in for questioning in April, he apologized for 'causing a furor.'"
Indeed. And just when I was thinking about buying a Santa Fe….





