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The idea
Dhanin Chearavanont, chairman of Thailand’s food-to-telecoms conglomerate CP Group, faced tough business decisions during the Asian financial crisis of 1997. The banks called in $400 million of loans, forcing the company to sell assets such as brewing and motorcycle operations in China. One of Chearavanont’s sons described his father’s stoic approach to the crisis to Forbes: ‘All through the financial crisis, I never heard ...
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