Good ethics are imperative to any good businessman hoping to have a long, successful and prosperous career. Someone who seemed to disagree with this is a man by the name of Wang Yi (pictured below).
He was the vice-president of the China Development Bank (CDB). Wang (54) was charged with taking bribes of nearly 12 million Yuan (about $16 million) over a lengthy period of time between November 1999 and February 2008.
His punishment?
He was sentenced to death with a two-year reprieve which means his behavior in prison will be assessed for two years, following which he will have a chance to appeal for leniency. In China, death sentences with reprieves are usually commuted to life in prison.
While delivering the verdict, the court said: "As the amount of bribes Wang took is very large, and he initiated asking for the bribes, Wang should have been sentenced to death.”
All of Wang's personal assets were confiscated as well.
Following the verdict, Wang said he had not decided whether he would appeal the sentence.
So it definitely pays to remain honest and ethical, and to resist the temptations of fast-tracking your success.
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