A Corporate Drama of Perfidy

A friend pointed me to a real-life story reported in the Financial Times by Jamil Anderlini entitled "A Cautionary Tale from China". Here is a recap of the article:- It is a story about how a Mr. Klaus Hilligardt, founder of German-based Business Media China (‘BMC’), had his trust betrayed by his secretary and her husband, both native mainlanders. His erroneous belief - that putting local Chinese in charge of his business would let him reap the benefit of utilizing Chinese drive and knowledge of the market – almost cost him his entire company that he had built up from scratch.

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