I like the way the Chinese take care of business...

"Updated: 2015-09-11 08:30
Zhao Kun, vice general manager of Baosteel Group, has been dismissed for breaking Party frugality rules, the top discipline inspection agency announced Wednesday.

Zhao was found to have spent company money on expensive accommodation, dinners and personal entertainment, said the Central Commission for Discipline Inspection (CCDI) of the Communist Party of China (CPC) in a press release.

According to the CCDI, Zhao booked villas at company expense when attending company meetings in August and December 2013. During these meetings, he drank expensive imported alcohol, smoked cigars and allowed his subordinates to go sightseeing, also at the expense of the company.

In June 2013 and March 2014, Zhao spent about 49,200 yuan (about 8,000 U.S. dollars) of company money on reception. He visited a private club in Guangzhou city in May and September 2014 and played golf at the expense of shareholders of Shaoguan Steel in May 2013 and April 2014.

He was also found to have accepted cigars from his subordinates six times since 2013. A box of these cigars was worth between 260 and 900 yuan."

..Kind of sounds like the activities of senior management of the Royal Canadian Mint , and many of the TSX-V lifestyle resource companies of days past ...

Cheers,

Luker