Contention continues over which sibling in the Wu family is the rightful chairman of Shinkong Synthetic Fibers Corp (
Self-proclaimed chairman of the polyester manufacturer Thomas Wu (
"A photo-shot retaken from footage of the company's surveillance camera cannot prove that the letter of assignment [to reshuffle the company's board] had arrived before its board meeting" on Aug. 6, said Ku Jao-nan (辜昭南), secretary to the company's board, which elected Thomas Wu to its chairmanship in early August.
"Elder Wu wishes that his younger brother had sat down with him and resolved the chairmanship dispute in private," Ku told a press conference yesterday afternoon.
Ku said that the elder Wu would decide whether further legal action will be taken against the commerce department's rule based on the letter's arrival.
The letter of assignment to reshuffle the company's board became crucial evidence in determining whether the board that elected Thomas Wu on Aug. 6 was legitimate.
If the letter of assignment arrived before the board meeting, the board's action to give Thomas Wu the chairmanship would be seriously flawed, since the to-be-reshuffled board shouldn't have exercised their electoral rights.
On Aug. 6, Thomas Wu ignored his mother Wu Kuei-lan's (
The elder Wu acted on his own and took office as the company's chairman after the old board elected him to be the chairman. Wu further refused to obey his mother's demand that her third son should yield the chairmanship to his younger brother.
After a closed-door meeting of eight legal professionals on Wednesday, the commerce department appeared to have confirmed the authenticity of the footage from the company's surveillance camera and ruled that the board should have been reshuffled and that no chairman elected by it was legitimate.
The commerce department further ruled that Eric Wu is the lawful chairman since he was later elected by the new board, which rejected Thomas Wu's application to become company chairman.
The footage, which was pre-sented to the commerce department by Eric Wu, showed that an envelope with the letter of assignment was rejected at the com-pany's door before the board meeting convened on Aug. 6.
Officials at the commerce department were unavailable for comment yesterday.
According to local media reports, Thomas Wu has vowed to take administrative action against his brother if the ministry denies his chairmanship.
But Ku said that no action will be taken until the ministry's decision arrives in a written form.
Greek tourism student Katerina quit within a month of starting work at a five-star hotel in Halkidiki, one of the country’s top destinations, because she said conditions were so dire. Beyond the bad pay, the 22-year-old said that her working and living conditions were “miserable and unacceptable.” Millions holiday in Greece every year, but its vital tourism industry is finding it harder and harder to recruit Greeks to look after them. “I was asked to work in any department of the hotel where there was a need, from service to cleaning,” said Katerina, a tourism and marketing student, who would
i Gasoline and diesel prices at fuel stations are this week to rise NT$0.1 per liter, as tensions in the Middle East pushed crude oil prices higher last week, CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) said yesterday. International crude oil prices last week rose for the third consecutive week due to an escalating conflict between Israel and Iran, as the market is concerned that the situation in the Middle East might affect crude oil supply, CPC and Formosa said in separate statements. Front-month Brent crude oil futures — the international oil benchmark — rose 3.75 percent to settle at US$77.01
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As they zigzagged from one machine to another in the searing African sun, the workers were covered in black soot. However, the charcoal they were making is known as “green,” and backers hope it can save impoverished Chad from rampant deforestation. Chad, a vast, landlocked country of 19 million people perched at the crossroads of north and central Africa, is steadily turning to desert. It has lost more than 90 percent of its forest cover since the 1970s, hit by climate change and overexploitation of trees for household uses such as cooking, officials say. “Green charcoal” aims to protect what