According to The Wall Street Journal, American firms seeking large piles of cash in China are faced with more than day-to-day business challenges. They’re faced with tough moral choices.
An unusually dramatic congressional hearing on Yahoo Inc.’s role in the imprisonment of at least two dissidents in China exposed the company to withering criticism and underscored the risks for Western companies seeking to expand there.
“While technologically and financially you are giants, morally you are pygmies,” Rep. Tom Lantos (D., Calif.), who called the hearing on Capitol Hill, told Yahoo’s co-founder and Chief Executive Jerry Yang and General Counsel Michael Callahan.
Mr. Yang apologized to the mother of journalist Shi Tao, who was jailed after Yahoo China, then a unit of the company, handed information about him to Chinese authorities in 2004. She was at the hearing, sitting directly behind Messrs. Callahan and Yang. Addressing the families of the dissidents, Mr. Yang said: “I want to say we are committed to doing what we can to secure their freedom. And I want to personally apologize for what they are going through.”
Great. Buy them out of jail then.
