[jacquesm]

What is interesting here is that for obvious reasons the Chinese do not seem to understand - or be able to understand - that NL actually has an independent institute for handling such disputes that will operate with a fairly high degree of impartiality. Abusing funds of one company and jeopardizing its existence in order to prop up a non-related entity abroad is precisely the kind of situation why we have this institution in the first place. Mismanagement is - regardless of who the shareholders are - also something that we frown upon here and there actually is a mechanism to directly intervene in the case of such actions. Seeing the 3 top financial people replaced with strawmen and funneling large amounts of money abroad to buy things the company does not need is a surefire recipe for intervention. This would have also happened if the CEO had been dutch and the shareholders had been dutch, we actually had such a case in the last few years where the top guy (founder, even) at one of our larger IT companies lost his marbles.

[throw73949558]

They needed wafers for 70 million, were going to order for 200 million. 3x more is hardly "funneling large amounts of money".

I would call that typical way to run business, perhaps they were making supplies for next three years, before tariffs kick in... Perhaps they were going to expand.

[jacquesm]

That's a funny thing to say, assuming it is in jest. Of course, just spending 130 million on stuff that you don't need only to destroy it is perfectly normal in the course of running a business. Not. A hundred million here, a hundred there, before you know it it is real money.

What's with all the throwaway accounts on this thread anyway?

[mrkstu]

And firing a bunch of directors who complained? I assume if they were given a rational strategy behind the moves they would haven’t made a peep.

[amazingman]

Do you really think sockpuppet astroturfing is going to work when you created the account today?

[karlgkk]

> I would call that typical way to run business

Then I suppose we should be thankful (or hope) that you do not run any sizable business.