The China Post
Date: June 23, 2016
By: The China Post news staff
TAIPEI, Taiwan — Terry Gou, one of the richest men in Taiwan who heads the Hon Hai
Hon Hai Chairman Terry Gou, right, talks to the press at the firm’s shareholders meeting in Taipei on Wednesday, June 22. (CNA)
business conglomerate, on Wednesday lambasted the government for wasting enormous sums of money on useless projects.
“Half of the government spending is wasted in the wrong places, such as that ‘egg,'” said Gou, apparently referring to the ill-fated multi-billion-dollar Taipei Dome project, for which the construction has been suspended for more than a year.
Gou cited former economics minister Chao Yao-tung as saying that wrong policies are even worse than corruption.
A wrong decision by a government minister could result in losses of billions of dollars, he said.
Gou, chairman of Hon Hai Precision Industry — better known internationally as Foxconn Electronics — was speaking at a meeting of the company’s shareholders. Foxconn is the world’s largest contract maker of electronic devices, including the Apple iPhone. [FULL STORY]
