Tony Soprano now heads the global economy

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China sent a clear message to the global economy with the shock resignation of Cathay Pacific's CEO.

Yes, yes, Rupert Hogg resigned on August 16 to "assume his responsibilities as leader of the company in light of recent events". But nobody really buys this explanation, given Cathay's behavior. public review in the turf war between Beijing and Hong Kong protesters.

The news that some Cathay employees have supported the protesters has placed one of Hong Kong's most famous names on the China Inc. crosshair. With blazing speed, the CEO and at least three pilots were gone, and the board bowed to a list of requests from Beijing.

Hogg's was – symbolically – a public performance, the kind of gangsters that the whole world has been using for a long time to remind his boyfriends and his competitors the boss and the rules of the game.

China follows the same specifications because it asks Hong Kong CEOs to follow the party line. Call it Tony Soprano's Playbook, which is once again in vogue in more corners of the world than investors would like to confess.

Donald Trump himself calls himself The art of the deal president, but his style of government favors extortion for diplomacy. His heavy duty effort to conclude a trade deal with China is more of a compromise than negotiation. Targeting Huawei Technologies is the way Trump told Xi Jinping: "The technology sector is there. It would be a shame if something happened to him. "

Trump's trade talks with South Korea last year quickly swung into the territory where we will break our legs. To force President Moon Jae-in to the table, Trump's team threatened to move the US military. In the end, Seoul agreed to bigger protection earnings: 900 million additional dollars.

Shinzo Abe should expect similar tactics from the arm in the coming months. As the United States and Japan hold a bilateral trade meeting, Trump will urge Tokyo to import more Ford and General Motors vehicles. & Nbsp; The Japanese Prime Minister is also certain to face his own setbacks.

I do not pretend to be the first to connect the points here. It's a common theme in Saturday Night Live skits. In May 2017, Stephen Colbert, the host of Late Night, was talking about Trump's bargaining style: "It's like a horse's head in bed. It's like the godfather. Only in this one, no one respects the gift. "

In his book of 2018 Greater loyaltythe dismissed FBI director, James Comey, spoke about Sammy Gravano, a senior contributor to the late New York populist John Gotti, in describing Trump's demand for loyalty. The experience, he wrote, was related to the "ceremony of enthronement of the Cosa Nostra of Sammy the Bull".

I mention Tony Soprano, in part, because of the cottage industry that sprouted from his management style. The main character of HBO's hit series The Sopranos inspired by countless academic articles, magazines and books, including Anthony Schneider Tony Soprano on management in 2004. And of course, because the creator of the series, David Chase, started shooting a film about sopranos titled The many saints of Newark.

The rules of the crowd seem to be de rigueur in world economic circles. Look no further than Boris Johnson looking for proposals from the European Union, he can not refuse during the discussions on Brexit. Or Abe is pushing the South Korean technology industry by limiting the export of vital materials. Or Mahathir Mohamad reminding Singapore of where its drinking water comes from to gain a geopolitical advantage.

Philippine President Rodrigo Duterte has tasked control groups with targeting drug traffickers and drug users. He regularly muscles political opponents and the critical media of his exploits. Although North Korea has long been a proponent of gun-related extortion, Kim Jong-un's recent short-range missile tests suggest that a new territorial war is under way.

But China's recent maneuvers are likely to take over. Cathay, remember, was a sign for businesses that the same thing could happen to them.

Certainly, President Xi has already put the screws in front of Asian companies. In 2018, Beijing asked the airlines serving Taiwan to list the destination "Taipei, China". Companies such as American Express, Citibank and Goldman Sachs have also sought to remove any distinction between Chinese and Chinese websites.

The Gap had to apologize for the t-shirts that go against China's sovereignty claims. Versace has encountered similar problems with pro-Beijing social media groups earlier this month. Similarly Hollywood producers doing a sequel to Top Gun. Reveals Maverick's iconic leather jacket wore a flag emblazoned with the Taiwan flag, which should have been cleared for funding from Chinese internet giant Tencent.

China is also quite ready to go to the economic mattress with its neighbors. Last year, he went right in vendetta fashion on South Korea hosting US missile defense systems. China canceled a large number of mainland tourist groups that were planning holidays in Korea. He rejected visas for K-pop stars. Lots of Hyundai Motor cars across China went quiet, while Lotte department stores were shut down. Trade slowed to a trickle.

Yet the shock of Hogg's career assassination still resonates in the neighborhood. His scary message is positioned as a crater of business confidence. Look no further than Jack Ma spreading the $ 15 billion Alibaba stock sale planned Hong Kong Exchange.

& nbsp; Suddenly, for multinationals, the price to pay for access to the largest Asian economy is a subject of frenetic debate. Hogg's resignation indicated that Xi's China expects nothing less than full respect for the authority of the Communist Party. Luxury brands, automakers, hoteliers and banks must now be careful not to cross China's red lines.

The disaster of Cathay shows what is at stake when China interferes in the fields of the omerta-nomic. Could its territorial battle with Hong Kong worsen for world markets? Fudgegettaboutit!

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China sent a clear message to the global economy with the shock resignation of Cathay Pacific's CEO.

Yes, yes, Rupert Hogg resigned on August 16 to "assume his responsibilities as leader of the company in light of recent events". But nobody really buys this explanation, given Cathay's public attention during the territory war between Beijing and the Hong Kong protesters.

The news that some Cathay employees have supported the protesters has placed one of Hong Kong's most famous names on the China Inc. crosshair. With blazing speed, the CEO and at least three pilots were gone, and the board bowed to a list of requests from Beijing.

Hogg's was – symbolically – a public performance, the kind of gangsters that the whole world has been using for a long time to remind his boyfriends and his competitors the boss and the rules of the game.

China follows the same specifications because it asks Hong Kong CEOs to follow the party line. Call it Tony Soprano's Playbook, which is once again in vogue in more corners of the world than investors would like to confess.

Donald Trump himself calls himself The art of the deal president, but his style of government favors extortion for diplomacy. His heavy duty effort to conclude a trade deal with China is more of a compromise than negotiation. Targeting Huawei Technologies is the way Trump told Xi Jinping: "The technology sector is there. It would be a shame if something happened to him. "

Trump's trade talks with South Korea last year quickly swung into the territory where we will break our legs. To force President Moon Jae-in to the table, Trump's team threatened to move the US military. In the end, Seoul agreed to get bigger protection gains – an additional $ 900 million.

Shinzo Abe should expect similar tactics from the arm in the coming months. As the United States and Japan sit around bilateral trade, Trump will force Tokyo to import more Ford and General Motors vehicles. The Japanese Prime Minister is also certain to face his own setbacks.

I do not pretend to be the first to connect the points here. This is a common theme in Saturday Night Live skits. In May 2017, Stephen Colbert, the host of Late Night, was talking about Trump's bargaining style: "It's like a horse's head in bed. It's like the godfather. Only in this one, no one respects the gift. "

In his book of 2018 Greater loyaltythe dismissed FBI director, James Comey, spoke about Sammy Gravano, a senior contributor to the late New York populist John Gotti, in describing Trump's demand for loyalty. The experience, he wrote, was related to the "ceremony of enthronement of the Cosa Nostra of Sammy the Bull".

I mention Tony Soprano, in part, because of the cottage industry that sprouted from his management style. The main character of HBO's hit series The Sopranos inspired by countless academic articles, magazines and books, including Anthony Schneider Tony Soprano on management in 2004. And of course, because the creator of the series, David Chase, started shooting a film about sopranos titled The many saints of Newark.

The rules of the crowd seem to be de rigueur in world economic circles. Look no further than Boris Johnson looking for proposals from the European Union, he can not refuse during the discussions on Brexit. Or Abe is pushing the South Korean technology industry by limiting the export of vital materials. Or Mahathir Mohamad reminding Singapore of where its drinking water comes from to gain a geopolitical advantage.

Philippine President Rodrigo Duterte has tasked control groups with targeting drug traffickers and drug users. He regularly forces political opponents and critical media out of his exploits. Although North Korea has long been a proponent of gun-related extortion, Kim Jong-un's recent short-range missile tests suggest that a new territorial war is under way.

But China's recent maneuvers are likely to take over. Cathay, remember, was a sign for businesses that the same thing could happen to them.

Certainly, President Xi has already put the screws in front of Asian companies. In 2018, Beijing asked the airlines serving Taiwan to list the destination "Taipei, China". Companies such as American Express, Citibank and Goldman Sachs have also sought to remove any distinction between Chinese and Chinese websites.

The Gap had to apologize for the t-shirts that go against China's sovereignty claims. Versace has encountered similar problems with pro-Beijing social media groups earlier this month. Similarly Hollywood producers doing a sequel to Top Gun. It turns out that Maverick's iconic leather jacket wore a patch emblazoned with the Taiwan flag, which should have been cleaned up to get financing from the Chinese internet giant, Tencent.

China is also quite ready to go to the economic mattress with its neighbors. Last year, South Korea hosted US missile defense systems. China canceled a large number of mainland tourist groups that were planning holidays in Korea. He rejected visas for K-pop stars. Lots of Hyundai Motor cars across China went quiet, while Lotte department stores were shut down. Trade slowed to a trickle.

Yet the shock of Hogg's career assassination still resonates in the neighborhood. His scary message is positioned as a crater of business confidence. Look no further than Jack Ma spreading the sale of $ 15 billion shares of Alibaba on the Hong Kong Stock Exchange.

Suddenly, for multinationals, the price of access to the largest Asian economy is a frantic topic of debate. Hogg's resignation indicated that Xi's China expects nothing less than full respect for the authority of the Communist Party. Luxury brands, automakers, hoteliers and banks must now be careful not to cross China's red lines.

The disaster of Cathay shows what is at stake when China interferes in the fields of the omerta-nomic. Could its territorial battle with Hong Kong worsen for world markets? Fudgegettaboutit!