“China has an opaque legal system. I cannot trust the Chinese government to fulfil its promises, it may change its exchange rates. China is wasting capital and a lot of the investment that the Chinese are making will have no returns.”
“The ability to hide accounts in foreign countries is rapidly dwindling,” said John DiCicco, deputy assistant attorney general for the Justice Department’s tax unit.
The government says thousands of U.S. citizens may have undisclosed HSBC accounts.
A startling 72 percent of commenters on one cable network’s Web site slammed the 80-year-old investor with a torrent of negative remarks yesterday, ranging from “hypocrite” to being a “cheat caught in insider trading.”
Not only can a small company be the best, but it has to be the best to stand a good chance of thriving in today’s competitive world. Then, once it reaches the top spot, it has to strive to do better every day, to ensure customers buy its products or services. A business’ key asset, where size brings no benefit, is its people.
Smaller players can build their global presence by using social media and word-of-mouth to promote their services without spending a lot of money. This has helped smaller players to punch above their weight.
Biggest does not mean best, and it never has.
Read more from RICHARD BRANSON here: Biggest does not mean best – livemint.com.