June 3, 2008
The global business community has been dealt a cruel blow by a court ruling in South Korea.
Mong-Koo was originally sentenced to three years in jail after being found guilty of breach of trust.
However, an appeal court sensibly decided he should be let off as sending him to prison would be bad for the economy - so he should write newspaper articles and deliver speeches on business morals.
Yes, Guru can see that having a man convicted of multimillion pounds of fraud teaching aspiring business leaders about staying on the right side of the law would be good for the economy.
Now these crazy Koreans have overturned that seemingly sound-minded decision, ruling that Mong-Koo should do 300 hours of community service.
Guru is disappointed but looks forward to conference speeches on accounting prudence by Barings Bank disaster Nick Leeson, and talent management by Euro 2008 flop Steve McClaren.
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