I took a break from work yesterday and decided to read about the world of corporate espionage. That's where I find the Stern Hu saga of great interest. For those who in Australia who have been living under a rock, Stern Hu is an Executive of Rio Tinto, one of the world's biggest mining companies. He was sentenced recently for industrial espionage, enabling RIO to overcharge China an amount of money equivalent to 10% of Australia's GDP!
Few people in this world can claim such a feat. This must be some kind of world record. So what does one make of this? Well, if you do the crime, you do the time as they say. Stern Hu is currently looking at a 10 year jail sentence.
What follows is more of what I see as the real story. What happens to him? How does Rio Tinto and the Australian government respond?
The answer: Rio Tinto fires him and hangs him out to dry ON THE DAY HE WAS SENTENCED
What's up with that? Are we to believe RIO did not know what he was doing? His activities delivered an obvious and significant positive impact to the Aussie bottom line.
This strikes me as hypocrisy. Australia should try to get him back and thank him. Efforts like this may have contributed to our country avoiding a recession - a highly elusive feat for other developed nations.
I do no condone espionage or crime, but this activity is similar to soldiers who serve the interests of their country. In war, there are soldiers who shoot and those who deal in espionage. When they get caught, we should get them back instead of the whole country condemning them.
AGAIN - he gave 10 years of his life for 10% Aussie GDP.
Let's see Rio Tinto and Australia stand up for their patriot. Australia should be a noble country and stop with this phony moral high ground finger pointing.
Is Stern Hu one of ours? You bet.
Cheers,
Rick
http://xeesm.com/speciale
Saturday, April 3, 2010
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