Selling to insiders was a natural process, since managers already had most rights to the firm in the mid-1990s, before privatization. They had superior knowledge of firm. The main problem to overcome was at what price to sell. This was done by offering a menu of prices and profit sharing terms. Therefore, it was not corrupt, just hard to do. [We should have taken off points if you had said that this was corrupt, but we did not]

But considering the attitude of 郞咸平, there is indeed some corruption in the process of privation of the TVE.

How about your opinions?