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More ramen stock news
- Thread starter SFJoe
- Start date
Jeff Grossman
Jeff Grossman
They've learned American ways so very, very well.
They used sorbitol in the noodles and got fined for it. Presumably, they knew full well that they were breaking the law but simply hoped not to be caught at it. Once caught, they explained that sorbitol "did not pose any material adverse effect on the quality of the noodle products". So why was it in there in the first place? I can tell they're lying because their mouths are moving.
Then we have this excerpt, a marvel of corporate-speak:
"As a socially responsible enterprise being accountable to its shareholders, the Company appreciates the constant trust and support from devoted consumers of Ajisen Ramen. With heartfelt gratitude, the Directors will learn a salutary lesson from the incidents and shall commit itself to improving corporate governance immediately. In particular, the Company will tighten its hold on the monitoring of internal control processThe Group will adhere strictly to the relevant laws and regulations and earnestly welcome the supervision from the public and the media."
Let me interpret that for you:
"We are sorry we almost woke up the morons who buy our products blindly. We will try harder to conceal our wrongdoings. In particular, we will occasionally follow the law."
At my house we do our utmost to avoid food from China already. It is not easy (per the honey laundering scandal) nor do we claim to be 100%. But we do our best to avoid eating the wrong species of nuts, the wrong kind of alcohol, heavy metal ions, and sundry poisons and taints.
They used sorbitol in the noodles and got fined for it. Presumably, they knew full well that they were breaking the law but simply hoped not to be caught at it. Once caught, they explained that sorbitol "did not pose any material adverse effect on the quality of the noodle products". So why was it in there in the first place? I can tell they're lying because their mouths are moving.
Then we have this excerpt, a marvel of corporate-speak:
"As a socially responsible enterprise being accountable to its shareholders, the Company appreciates the constant trust and support from devoted consumers of Ajisen Ramen. With heartfelt gratitude, the Directors will learn a salutary lesson from the incidents and shall commit itself to improving corporate governance immediately. In particular, the Company will tighten its hold on the monitoring of internal control processThe Group will adhere strictly to the relevant laws and regulations and earnestly welcome the supervision from the public and the media."
Let me interpret that for you:
"We are sorry we almost woke up the morons who buy our products blindly. We will try harder to conceal our wrongdoings. In particular, we will occasionally follow the law."
At my house we do our utmost to avoid food from China already. It is not easy (per the honey laundering scandal) nor do we claim to be 100%. But we do our best to avoid eating the wrong species of nuts, the wrong kind of alcohol, heavy metal ions, and sundry poisons and taints.
Oh, it's too much for us to claim credit for adulterated food. I'm sure it goes back to the Han Dynasty and the Roman Empire both.originally posted by Jeff Grossman:
They've learned American ways so very, very well.
Tom Glasgow
Thomas W Glasgow
Jeff refers to the corporate speak.originally posted by SFJoe:
Oh, it's too much for us to claim credit for adulterated food. I'm sure it goes back to the Han Dynasty and the Roman Empire both.originally posted by Jeff Grossman:
They've learned American ways so very, very well.