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Post by mikegarrison on May 2, 2019 17:51:49 GMT -5
Stuck in a moment: Bill McGlashan (above with Bono in January at Davos) lost his job at the $100 billion investment firm TPG and on the socially responsible investing project he started with Bono Investment wiz Bill McGlashan was ditched by 'furious' friend Bono, fired and put under house arrest 'for paying $250k to get his son into USC' - but claims he broke no laws The news of his involvement reportedly made Bono 'furious' and 'shocked' I can see that -- you pick a guy to run your "socially responsible investing fund" and he turns out to be unethical ... that's a problem for your credibility.
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Post by XAsstCoach on May 3, 2019 1:13:54 GMT -5
www.nytimes.com/2019/05/01/us/yusi-zhao-stanford-university.html?searchResultPosition=2The ultimate Tiger family. Aiyaaa!!! Chinese Family Reportedly Paid $6.5 Million for Spot at Stanford The family of a student admitted to Stanford University reportedly paid $6.5 million to try to secure her spot there. By Kate Taylor and Jennifer Medina May 1, 2019 From the day in March that prosecutors announced charges against 50 people in a sweeping college admissions fraud investigation, they have held out a tantalizing mystery: an unnamed family that they said had paid the college consultant at the center of the scheme $6.5 million — far more than any of the parents named in the case — to get their child into college. The student is Yusi Zhao, who was admitted to Stanford in 2017, according to a person with direct knowledge of the investigation. Neither she nor her parents, who live in Beijing, have been charged, and it is unclear whether they are currently being investigated. Stanford rescinded Ms. Zhao’s admission in April, and she is no longer a student there. The person with knowledge of the inquiry said that Ms. Zhao’s family was introduced to Mr. Singer by a financial adviser at Morgan Stanley based in Pasadena, named Michael Wu. A spokeswoman for Morgan Stanley said that Mr. Wu had been terminated for not cooperating with an internal investigation into the matter and that the firm was cooperating with the authorities. Mr. Wu did not respond to a phone call. This highlights the stupidity of Chinese “面子(for Wolfgang it’s miànzi, others it mean Face)”. Mr Zhao could have done it for $500,000 but to show off he has money he agreed to pay $6.5 million so he can brag about how much money he has, and how much he spent to get his little girl into an elite US college. 🤣
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Post by Mocha on May 3, 2019 13:53:15 GMT -5
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Post by Phaedrus on May 3, 2019 15:31:36 GMT -5
www.nytimes.com/2019/05/01/us/yusi-zhao-stanford-university.html?searchResultPosition=2The ultimate Tiger family. Aiyaaa!!! Chinese Family Reportedly Paid $6.5 Million for Spot at Stanford The family of a student admitted to Stanford University reportedly paid $6.5 million to try to secure her spot there. By Kate Taylor and Jennifer Medina May 1, 2019 From the day in March that prosecutors announced charges against 50 people in a sweeping college admissions fraud investigation, they have held out a tantalizing mystery: an unnamed family that they said had paid the college consultant at the center of the scheme $6.5 million — far more than any of the parents named in the case — to get their child into college. The student is Yusi Zhao, who was admitted to Stanford in 2017, according to a person with direct knowledge of the investigation. Neither she nor her parents, who live in Beijing, have been charged, and it is unclear whether they are currently being investigated. Stanford rescinded Ms. Zhao’s admission in April, and she is no longer a student there. The person with knowledge of the inquiry said that Ms. Zhao’s family was introduced to Mr. Singer by a financial adviser at Morgan Stanley based in Pasadena, named Michael Wu. A spokeswoman for Morgan Stanley said that Mr. Wu had been terminated for not cooperating with an internal investigation into the matter and that the firm was cooperating with the authorities. Mr. Wu did not respond to a phone call. This highlights the stupidity of Chinese “面子(for Wolfgang it’s miànzi, others it mean Face)”. Mr Zhao could have done it for $500,000 but to show off he has money he agreed to pay $6.5 million so he can brag about how much money he has, and how much he spent to get his little girl into an elite US college. 🤣 “面子” is the driving force for many a social ailment in Chinese society. I remember growing up and reading about all these captains of industry and government officials getting honorary doctorate degrees in US universities, I thought it was an honor awarded based on merit. Then it came out that these people were paying big bucks to the university to get those honorary doctorates. Foremost amongst them was St. John's University in New York. There was a huge brouhaha years ago about that and people stopped paying attention to honorary doctorates from St. Johns. The founder and principal of my elementary school, 再興 was one of those people. She used the honorary doctorate to give shine to her private school. It certainly worked with my parents.
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Post by XAsstCoach on May 4, 2019 20:29:54 GMT -5
“面子” is the driving force for many a social ailment in Chinese society. I remember growing up and reading about all these captains of industry and government officials getting honorary doctorate degrees in US universities, I thought it was an honor awarded based on merit. Then it came out that these people were paying big bucks to the university to get those honorary doctorates. Foremost amongst them was St. John's University in New York. There was a huge brouhaha years ago about that and people stopped paying attention to honorary doctorates from St. Johns. The founder and principal of my elementary school, 再興 was one of those people. She used the honorary doctorate to give shine to her private school. It certainly worked with my parents. Mother in law is big on 面子. An uncle on her husband's side was holding a wedding for his son, and she wasn't invited. Supposedly someone in the wedding party had some sort of 关系 (Guānxì...or connections, big wig of sorts). It was being held about 2 hrs from us and she insisted that we attend the wedding to show some face. Wife was like "should we go?", and I said no...we weren't even invited why should we go. Bantering back and forth with the in-law until it was too late to attend. Just last month we were going to meet my wife's uncle for the afternoon. In-law asks what are we bringing..."Nothing". So she told us to go buy some expensive 白酒 (Báijiǔ...Clear wine...got quite the kick) and give it to him. Told her we were with him just the day before and bought him a case of Red Bull...nah, that wasn't enough for the in-law. Must go buy some expensive 白酒. Turned out the uncle had made arrangements in the afternoon and we didn't go see him. Can go on and on...she is a sweet person but her insistence on the old ways (面子,关系,and fortune tellers) is annoying.
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Post by Phaedrus on May 4, 2019 20:33:30 GMT -5
I knew several high school volleyball players that were recruited by D1 rowing programs despite no prior experience. They love recruiting strong 6-footers who are beginning to realize that D1 volleyball isn’t in the cards. The difference between those girls and Aunt Becky’s daughters, of course, is that the coaches actually intend for the former VB players to join the crew team and contribute. I have had a couple of players go row for D1 schools. Both were pretty stocky and probably could have played at a D3 or NAIA. They do like the long and strong kids. On an unrelated note, a good friend's daughter was a highly recruited and highly ranked junior swimmer, and just as she was getting into the prime recruiting age she burned out and developed emotional issues. All the big swimming schools backed off and she ended up getting a GED and was working as a barista. A strong D1 rowing program reached out to her and said they would be interested if she can show them her rowing form. She didn't know squat about it so she went to the local Y and practiced on the rowing machines and then had her brother film her rowing on the machine and sent it to the coach. He offered her a spot as a walk on. She worked out over the Summer, one thing swimmers know is working out, and showed up. Long story short, she was newcomer of the year for the conference after her first season and she went to Europe representing the US in the U23 boat rowing third seat. They ended up finishing second in that international race. She got money the next year.
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Post by Phaedrus on May 4, 2019 20:44:48 GMT -5
Mother in law is big on 面子. An uncle on her husband's side was holding a wedding for his son, and she wasn't invited. Supposedly someone in the wedding party had some sort of 关系 (Guānxì...or connections, big wig of sorts). It was being held about 2 hrs from us and she insisted that we attend the wedding to show some face. Wife was like "should we go?", and I said no...we weren't even invited why should we go. Bantering back and forth with the in-law until it was too late to attend. Just last month we were going to meet my wife's uncle for the afternoon. In-law asks what are we bringing..."Nothing". So she told us to go buy some expensive 白酒 (Báijiǔ...Clear wine...got quite the kick) and give it to him. Told her we were with him just the day before and bought him a case of Red Bull...nah, that wasn't enough for the in-law. Must go buy some expensive 白酒. Turned out the uncle had made arrangements in the afternoon and we didn't go see him. Can go on and on...she is a sweet person but her insistence on the old ways (面子,关系,and fortune tellers) is annoying. I hate 面子. Fighting over the bill at crowded restaurants drives me nuts. My mom is all about giving gifts right after someone does a favor for you, almost instantaneously, like the very next day. She does this with foreign devils and they don't know what to make of it. Of course they love her because of it. Her doctors and nurses all get gifts after they help her get timely appointments. There was a story about the old days when someone went to France and got a duty free bottle of VSOP cognac and he gifted it to a big boss and the big boss re-gifted it because it was too expensive to drink and this bottle got re-gifted for years because no one wanted to actually crack the bottle open because it was French and expensive.
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Post by XAsstCoach on May 4, 2019 21:06:59 GMT -5
www.yahoo.com/news/mom-china-paid-6-5m-185456080.htmlNow the lawyer for "Mrs. Zhao" says his client is a victim. The $6.5mil was intended to ease the tuition burden of other Stanford students. Wonder if this lawyer realizes that the wife does not take the husband's surname in China...so why would he be representing "Mrs Zhao".
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Post by XAsstCoach on May 4, 2019 21:18:40 GMT -5
I hate 面子. Fighting over the bill at crowded restaurants drives me nuts. My mom is all about giving gifts right after someone does a favor for you, almost instantaneously, like the very next day. She does this with foreign devils and they don't know what to make of it. Of course they love her because of it. Her doctors and nurses all get gifts after they help her get timely appointments. There was a story about the old days when someone went to France and got a duty free bottle of VSOP cognac and he gifted it to a big boss and the big boss re-gifted it because it was too expensive to drink and this bottle got re-gifted for years because no one wanted to actually crack the bottle open because it was French and expensive. First time I met her family I brought a box of 粽子 (Zòngzi...rice wrapped in leaves, a delicacy during Dragonboat Festival) to them, and it was regifted to someone else. LOL! My mom told the in-laws they shouldn't bring any gifts when they visit, because she wouldn't bring any if/when she visits them. Very direct!
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Post by Mocha on May 5, 2019 17:41:07 GMT -5
Someone please start a thread titled 面子.
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Post by Wolfgang on May 5, 2019 18:07:54 GMT -5
Someone please start a thread titled 面子. I almost spit out a mouthful of juice when I read this. LOL!
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Post by ironhammer on May 5, 2019 20:20:27 GMT -5
Someone please start a thread titled 面子. The importance of face, or rather, saving face: Based on my own experience working in China, it seems employees there are told off, yelled at or lectured to by their superiors all the the time, even more so than in the US. The difference though is that it's often done behind close doors, so as to not let the employees lose face in front of his colleagues. Granted that is only a small consolation, as the Chinese bosses often treat their workers more harshly than American ones, only difference is that sometimes instead of a humiliating dressing down in public, it's private dressing down, which is often more severe. Now how about "guanxi"? Maybe for another day...
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Post by XAsstCoach on May 5, 2019 20:43:44 GMT -5
Someone please start a thread titled 面子. LOL! C'mon...面子 has everything to do with this since the revelation of the Stanford case.
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Post by Deleted on May 5, 2019 20:49:16 GMT -5
When I taught in China (R.O.C.) I was told a few things: 1) NEVER accept a wedding invitation, with their interminable "gan bei" toasting (w/ baijiu); 2) EVERYTHING is behind closed doors; 3) "Saving face" is THE most important aspect of social life there. I used to frequent a "bushiban" (teachers' bar-pub). There, the more dislocated Taiwanese women would seek their way out of the country by trying to marry Western guys in order to get to move to "Gold Mountain" (U.S.). There was a guy from ATT-Formosa there (from southern U.S.). He warned me about THAT game!
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Post by mikegarrison on May 6, 2019 11:41:47 GMT -5
Just last month we were going to meet my wife's uncle for the afternoon. In-law asks what are we bringing..."Nothing". So she told us to go buy some expensive 白酒 (Báijiǔ...Clear wine...got quite the kick) and give it to him. LOL about this, because it is a mission in Dreamfall Chapters. You are working for a political campaign and you need to seek favor from the "Auntie" that runs the dock merchants. But you need a suitable gift to bring to her in order to meet, and the only gift she will accept is expensive Báijiǔ. Watch this video. Really. At least until you get to the scene with the man haggling with the vendor.
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