Friday, September 07, 2007

Mattel CEO has some reporting to do

Mattel CEO has to face Congress in the coming week. Wall Street Journal reports that Mattel's Chief Executive will have to testify for their procedures for hazardous toys and their recent recalls. On the other side of the globe in the APEC, the presidents of the two countries were fighting on the same topic. Chinese president insist that this issue will not be overlooked by Beijing, the country's capital. New Zealand also jumped onto the bandwagon and accused China of poisonous toothpaste and fire hazardous pajamas. Later reports shows that New Zealand's jumped the gun on these issues, third party report shows that these products are still within the safety limits. Chinese merchants went on further to say that most of these products are designed in the US, they should share some of the responsibility in their end product.