The whereabouts of Bo Guagua has been a mystery since his father, Bo Xilai—a disgraced former Chinese Communist Party official known for human rights violations and his involvement in an attempted political coup—was given a life sentence in 2013 and is now in a Chinese prison.
Bo’s employment at Power Corp. was confirmed by the company’s vice-president and general counsel Stéphane Lemay, who said that Bo joined the company “through an internship program.”
The hiring of Bo was much more than just a simple business decision, according to The Globe and Mail. Bo’s family has close ties with the Desmarais family, who has controlled Power Corp. since 1968, the outlet reported.
In 1997, André Desmarais, then president of the Candian company, met Bo Yibo in Beijing. According to The Globe and Mail, Desmarais described the meeting as an “exceptional privilege” to be able to sit down with “an idol of genuine historical importance.”
According to The Globe and Mail, Bo Yibo became an influential Party elder who supported former Chinese leader Deng Xiaoping’s economic reform of opening up China’s market to the world during the 1980s.
After Bo Yibo, Power Corp. also built a relationship with Bo Xilai, the outlet reported. Former Candian prime minister Jean Chrétien, who is also the father-in-law of André Desmarais, once described Bo Xilai as an “old friend,” according to The Globe and Mail.
Bo Xilai
Bo Xilai’s political career began in the early 1990s, when he was mayor of Dalian, a port city in northeastern China’s Liaoning Province. He was mayor from 1993 until 2000 when he was named provincial governor of Liaoning. In 2004, he took the post as the country’s commerce minister. Three years later, in November 2007, he was named communist party secretary to the Chinese megacity of Chongqing, where he held the post until March 2012.Princelings
The hiring of so-called “princelings,” or children of government officials or senior executives of state-owned companies in Asia has been a practice employed by Western companies to gain entry into the Chinese market in a “quid pro quo” arrangement.Paul Evans, a China scholar at the University of British Columbia, told The Globe and Mail that the Bo family might be far from power, but the younger Bo “could have insights into individuals and their business operations that a company as sophisticated as Power Corp. could take advantage of.”
Yu Jie, a U.S.-based Chinese dissident writer told The Globe and Mail that the children of many powerful Chinese officials are working in overseas companies.
“It shows that this Chinese mode of doing business is now spreading worldwide on a global level. It’s like a terrible virus,” Yu said. “Employment of this nature is not the result of free market forces.”