Investopedia

Continue to Site »

Tonghai Chen

Filed Under » , ,
Dictionary Says

Definition of 'Tonghai Chen'

A former director and chairman of Chinese energy and chemical company Sinopec Corporation, and fomer president of Sinopec Group. Chen was suddenly removed from his position in 2007, and in 2009 the Chinese government sentenced him to death with a two-year reprieve for accepting $28 million in bribes.
Investopedia Says

Investopedia explains 'Tonghai Chen'

Chen was born in 1948 in Shandong, China, and earned his bachelor's degree from the Northeastern Petroleum Institute. He began his career as a geologist with the Daqing Research Institute, then worked for the Zhejiang Science and Technology Commission and Zhenhai Petroleum and Petrochemical General Plant.



In 1983 Chen became a politician, eventually becoming mayor of Ningbo City in 1992 and vice minister of the State Development and Planning Commission. He then joined China Petrochemical Company Group as its vice president in 1998.

Articles Of Interest

  1.

    Evaluating A Company's Management

    Financial statements don't tell you everything about a company's health. Investigate the management behind the numbers!

  2. A Guide To CEO Compensation

    Make sure you assess whether a CEO has a stake in doing a good job for you, the shareholder.

  3. What Investors Can Learn From Insider Trading

    Some insider trading is actually legal - and can be extremely telling for investors.

  4. Get Tough On Management Puff

    Company managers are often skilled at fooling investors. Be critical and don't believe the hype.

  5. Governance Pays

    Learn about how the way a company keeps its management in check can affect the bottom line.

  6. The Basics Of Corporate Structure

    CEOs, CFOs, presidents and vice presidents: learn how to tell the difference.

  7. Evaluating The Board Of Directors

    Corporate structure can tell you a lot about a company's potential. Learn more here.

  8. How To Safeguard Your Tax Returns From Identity Theft

    Identity thieves love tax season. In 2012, there were 13 million victims of identity theft. As easy as it is for thieves to steal your information, there are also simple measures you can take ...

  9. How To Report A Tax Cheat

    If you report a tax evader to the IRS, you could be eligible for a reward.

  10. Inspecting A Country's Debt

    Tensions over just how to handle debt are pitting the rich world against the developing world like never before.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Glocalization

    A combination of the words "globalization" and "localization" used to describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market.

  2. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  3. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  4. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  5. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.

  6. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.
Trading Center
Array ( )
taggroups(for debug only):
Array ( [0] => Investing [1] => SEG (Investors) ) time:7ms