Cathay Pacific CEO resigns after Beijing pressure
The world’s Ultimate Crony Capitalist State lowers the boom on one of the world’s most iconic companies.
(From The AP)
The CEO of Cathay Pacific Airways, one of Hong Kong’s most prominent companies, resigned Friday following pressure by Beijing on the carrier over participation by some of its employees in anti-government protests.
Rupert Hogg became the highest-profile corporate casualty of official Chinese pressure on foreign and Hong Kong companies to support the ruling Communist Party’s position against the protesters.