A Bush In Hand Is Worth...A Lot - Neil Bush working for a chipmaker with powerful ties to Beijing

Business Week ^ | 12-15-03 | Frederik Balfour and Bruce Einhorn in Hong Kong, with Kate Murphy in Houston

[tallhappy]

The executives at Grace Semiconductor Manufacturing Corp. know a thing or two about guanxi, the web of connections that fuel so much of business in China. The Shanghai-based company was co-founded by Jiang Mianheng, the son of former Chinese President Jiang Zemin. The other co-founder is Taiwan-born Winston Wong, whose father Y.C. Wang runs petrochemical maker Formosa Plastics and is probably the island's most powerful businessman. That's not to say the two don't have pretty solid credentials: Wong founded Nanya Technology Corp. in Taiwan, while Jiang has a PhD in physics from Drexel University in Philadelphia and is vice-president of the Chinese Academy of Science. But as they set out to raise the billions of dollars needed to start a semiconductor company, their true-blue bloodlines didn't hurt.

[tallhappy]

Related article on Grace's failure despite the hype and hoopla surrounding Jiang Zemin's son's company is here.

[joesnuffy]

China sucks us in deeper and deeper....nothing like highly educated and talented slave labor
to keep profits up and overhead low

[AmericanInTokyo]

There might be more to the story than this. And some of it is a bit troubling. I am I one those on FR who bashed Clinton very fiercely for having his little half/brother Roger go up to enemy Pyongyang (the land of the seducing "Kipmujo" "honey pot" women sent out by state security to connect with foreign guests) for a 'goodwill visit and concert', but also for the possibility of being exploited by the North Korean Public Security Bureau of the Workers' Party (their "KGB").

Chinese and Thai prostitutes were "sent" "gratis" to this man, Neil Bush's hotel rooms in Asia (and subsequently used) and this is in official stateside court documents (from his divorce case). These were multiple occasions and some occured while he was an expat businessman in the communist PRC. He is the brother of the President of the United States (granted his brother was Governor of Texas when these trysts apparantly took place. But is there more to it?)

Were there cameras? Wires? A "you will cooperate with us now"? Did the Chinese gonganju set him up?

I think this aspect should be investigated, too. Sorry to all the Bushbots out there; we have to maintain standards, ethics, image and national security.

[Cicero]

Already posted. As I said on the other thread, I think Neil Bush has zero influence on his brother. The Chinese believe in nepotism, because they practice it themselves. In this case I think they have bought a pig in a poke.

Neil is a loser, and his brother understands that. He may still love him, but he's not going to sell out the United States for him.

[tallhappy]

Already posted.

I missed it.

[Montfort]

"Chinese and Thai prostitutes were "sent" "gratis" to this man, Neil Bush's hotel rooms in Asia (and subsequently used) and this is in official stateside court documents (from his divorce case)."

I am not saying that this did not happen, but being alleged in "official stateside court documents" does not make something true.

This reminds me of the Star Registry. You pay about 50 bucks and they name a star after you according to some book they file with the US Copyright Office. As if that makes it somehow "official."

If everything in "official stateside court documents" in divorce cases were true . . . well anyone who has been in a nasty divorce can fill in the rest.

[elli1]

"I am not saying that this did not happen, but being alleged in "official stateside court documents" does not make something true."

It's not allegations. Bush admitted to it in a court deposition in connection w/ his divorce. I'm trying to find the text...

[AmericanInTokyo]

The man who accused Neil Bush of diddling with Asian prostitutes while married and on a business trip for (the purposes of business with) the Communist Chinese, was, Neil Bush.

[AmericanInTokyo]

My goal is to be consistent, even if the truth hurts. And did I ever go after Clinton and his cronies and shameless relatives in the 1997 to 2001 period here on FR.

I guess that's why I'm not a Bushbot.

[George W. Bush]

This reminds me of Neil's involvement with the Silverado collapse, Charles Keating, etc. And the big taxpayer bailout of Neil and all the other grossly incompetent and dishonest boards of directors of those failed savings and loans. These are the usual sinecures for their kids that are used to buy influence with the bigwigs of both parties.

[Montfort]

I thought he might have admitted it. I was merely making a point about "official court records."

[AmericanInTokyo]

Bump! Many years later.