Monday, August 13, 2007

Head of Chinese Toy Company Commits Suicide Amid Recall - Or Did Someone Help Him On His Way


BEIJING — The head of a Chinese toy manufacturing company at the center of a huge U.S. recall has committed suicide, a state-run newspaper said Monday.
Zhang Shuhong, who co-owned Lee Der Industrial Co. Ltd., killed himself at a warehouse over the weekend, days after China announced it had temporarily banned exports by the company, the Southern Metropolis Daily said.
Lee Der made 967,000 toys recalled earlier this month by Mattel Inc. (MAT) because they were made with paint found to have excessive amounts of lead. The plastic preschool toys, sold under the Fisher-Price brand in the U.S., included the popular Big Bird, Elmo, Dora and Diego characters.
It was among the largest recalls in recent months involving Chinese products, which have come under fire for globally for containing potentially dangerous high levels of chemicals and toxins.
The Southern Metropolis Daily said that a supplier, Zhang's best friend, sold Lee Der fake paint which was used in the toys. Full Story - College Textbooks