Off Topic Cafe If it doesn't belong in any of the other forums. Post all Off Topic stuff here.

Hyundai Motor Chairman Arrested

Thread Tools
 
Old 04-28-2006 | 10:48 AM
  #1  
Hyundai4g63T's Avatar
Thread Starter
Senior Member
 
Joined: Dec 2001
Posts: 460
Likes: 0
From: Somewhere
Vehicle: Had 96 Elantra Wagon
Default

http://www.foxnews.com/story/0,2933,193362,00.html
Old 04-28-2006 | 10:57 AM
  #2  
Visionz's Avatar
Administrator
 
Joined: May 2001
Posts: 23,223
Likes: 6
From: Upstate NY
Vehicle: 2010 Genesis 2.0T
Default

God damnt....if stocks fall because of this, I'm gonna be pissed! Currently they're at 57.641. mad.gif
Old 04-28-2006 | 11:43 AM
  #3  
viper2x21's Avatar
Senior Member
 
Joined: Feb 2006
Posts: 442
Likes: 0
From: NJ
Default

does get the hyundai name out there though.....
Old 04-28-2006 | 12:10 PM
  #4  
hprockets's Avatar
Senior Member
 
Joined: Aug 2004
Posts: 618
Likes: 0
From: Toronto, Canada
Vehicle: 2009 Hyundai Sonata
Default

this isn't good at all....
Old 04-28-2006 | 09:29 PM
  #5  
Korean_Redneck's Avatar
Senior Member
 
Joined: Apr 2006
Posts: 1,654
Likes: 0
From: Albertville Insane Asylum
Vehicle: 1999/Hyundai/Tiburon
Default

what the fvck is wrong with Koreans. Geez. that fvcker is rich enough and he needs more?!?!

I hope his son who is the president of Kia motors doesn't do the same stupid crap. sometimes I'm embarrassed in being Korean.
Old 04-28-2006 | 09:50 PM
  #6  
HyundaiKitCoupe's Avatar
Senior Member
 
Joined: Aug 2009
Posts: 11,992
Likes: 0
From: Washington D.C.
Vehicle: Hyundai Tiburon FX
Default

why would he sacrifice CEp position for some scandal. i mean the guy is already rich as hell.

guess he didn't have the kind of money available for building the construction, so he "borrowed" it from Hyundai Motors and used it to build construction to make even bigger profits out of elsewhere for himself.

don't people ever have enough money?! guess not. hell if i were CEO of the damn company i'd be driving an HCD 1 and be happy for the rest of my life.
Old 04-28-2006 | 10:18 PM
  #7  
majik's Avatar
Administrator
 
Joined: Oct 2002
Posts: 13,943
Likes: 0
From: ɯooɹpǝq ɹnoʎ
Vehicle: ǝdnoɔ sısǝuǝƃ
Default

stock options are worth more than salary. Stock is directly related to the fraud. The fraud of a reserve caused the company to look better. It'll probably have an affect on stock, but it should last. It may drop for a few days but it'll return and people will buy it because the stock dropped, and is expected to rise again.

Josh, how much did you buy it for?
Old 04-29-2006 | 08:28 AM
  #8  
Visionz's Avatar
Administrator
 
Joined: May 2001
Posts: 23,223
Likes: 6
From: Upstate NY
Vehicle: 2010 Genesis 2.0T
Default

I bought quite a bit many years ago when it was down around $30/share. I've pretty much just about doubled my money so far. I'm REALLY hoping that it splits and goes higher. smile.gif My advisor will tell me though when its best to sell, and I havent heard anything from him due to this scandal. So I'm hoping that it will fluctuate slightly, but then bounce back and rise.
Old 04-29-2006 | 08:33 AM
  #9  
brian01tib's Avatar
Senior Member
 
Joined: Mar 2006
Posts: 1,864
Likes: 0
Vehicle: 2001/Hyundai/Tiburon
Default

Nice buy down low. Not very good for the company just hope it doesnt mess up the warrenty like with being really strict. I think Mitsu is very strict with any modding and trying to void the warrenty all the time.
Old 04-29-2006 | 09:44 AM
  #10  
majik's Avatar
Administrator
 
Joined: Oct 2002
Posts: 13,943
Likes: 0
From: ɯooɹpǝq ɹnoʎ
Vehicle: ǝdnoɔ sısǝuǝƃ
Default

Mitsu was nearly bankrupt. I don't think they ever had to declare, but they went through restructuring then I believe somebody bought them. They're fine financially now

Mitsu was nearly bankrupt. I don't think they ever had to declare, but they went through restructuring then I believe somebody bought them. They're fine financially now



All times are GMT -6. The time now is 08:44 PM.