The prospective decision by Japan’s government to take control of the Tokyo Electric Power Company may seem belated to the rest of the world, given the confusing way the firm has managed the Fukishima nuclear reactor crisis.
On the evening of Wednesday, June 13, Jack Welch, CEO of General Electric, retreated to his room at the Conrad Hilton hotel in Brussels and wrestled with an unfamiliar feeling one of impending defeat. Just eight months before, he had, it seemed, pulled off a stunning coup.
China ranks second only to the United States in the number of billionaires, according to an annual report of the 1,000 richest people in the country. The Hurun Rich List counted 130 billionaires in China this year, up from 101 a year ago and none in 2003.