It’s a bad time to be a tycoon
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Ye Jianming, head of the CEFC China Energy Company, has been detained. This is a big deal. CEFC may be the biggest company you’ve never heard of:
It’s #222 on the Fortune 500, and had reveunes of over $43 billion in 2017.
How did CEFC get so big? One key element was that Ye led everybod...