Stanford admission scandal an example of misuse of money
A RECENT LOS ANGELES TIMES report said a Chinese family paid $6.5 million to have their daughter admitted to Stanford University as a competitive sailor, although she had never competed in the sport. Stanford University has expelled Zhao Siyu, daughter of Zhao Tao, board chairman of Shandong Buchang Pharmaceuticals Co., Ltd, who reportedly holds a Singapore passport. Beijing News comments:
The college admission scandal in the United States has not only shocked the American people, but also sparked heated debates on the other side of the Pacific. Buchang Pharma is an old Chinese pharmaceutical company and Zhao Tao, its billionaire chairman, was once considered among the"10 top talents" and "10 top philanthropists" in China.
In fact, in a speech he once delivered, Zhao Tao said entrepreneurs should act responsibly, by giving more consideration to human and social problems, and using the wealth they create to transform the world.
