A very inspiring write-up about Don Chang and Jin Sook Chang,
the founders of Forever 21, in your latest issue ("Almost
Famous," March).
While looking on the Web to read more about Forever 21, I was
disappointed to find this on
www.sweatshopwatch.org/swatch/f21.html: "'We worked 10 to
12 hours [per] day for sub-minimum wage and no overtime,' says
Esperanza Hernandez, one of the garment workers. 'A lot of our
factories were dirty and unsafe, with rats and cockroaches running
around.'"
The couple sure got lucky to get such a great write-up for
themselves! I presume Entrepreneur had no clue about this
style of entrepreneurship around Forever 21?
Content Continues Below
Syed Hasnain
Via e-mail
Response from Larry Meyer, CFO of Forever 21 Inc.: "We
are a retail operation, and we pay every person who works for us
consistent with the law. We think we are very good to our people
and provide free lunches and health benefits. With respect to these
[allegations], these people never worked for us. [They were]
contracted and subcontracted manufacturing workers, and we were
unaware of the fact that they didn't have the appropriate
[provisions].
We do not deal directly with their employers or former
employers. But to this extent, if we find out [there is] a problem,
we cut [the employers] off."
Immigrant Dreams
I am writing in response to a letter published titled
"Foreign
Policy" ("Feedback," March). A few points I
would like to make to the author of that letter:
1. I bet the author is most likely a third-, fourth- or
fifth-generation American, which means he/she is not aware of what
his/her grandparents and/or great-grandparents went through to make
it to the Ameri-can Dream. The author is basing an opinion on
his/her current standard of living and forgetting that he/she is
reaping the hard work, sacrifice and not-so-desirable living
conditions of previous generations.
2. The immigration policy for H-1B visas is a poor and unjust
one. If this country had such a policy over 200 years ago, we would
still be herding buffaloes across our mainland. How are immigrants
supposed to maintain their standard of living if they are faced
with a 60-day drop-dead date [for] finding a job? How would the
author feel if the government instituted such a policy on [him or
her]?
3. Do I need to educate the author on Economics 101? Do I need
to go over how immigrants have built this country and how the
constant demand of such immigrants is making the author's house
value go up and up, and how he/she can refinance at a lower rate
and use the disposable income to improve his/her standard of
living?
This is just one example of what makes the dollar go around . .
.
Report From Japan
I must say that your magazine is my entrepreneurial bible! I
have read it for as long as I can remember. Your articles and
stories have made and saved me more time and money than any other
business (education) source I've invested in. Keep up the great
work!
I was pleased to read your story "The
Sun Also Rises" in the March issue ("Smarts"). I
am a firm believer that the Japanese economy is recovering. Even
though the Japanese are known to be risk averse by nature, there is
a growing trend toward the acceptance of entrepreneurial endeavors.
When you consider the fact that 99 percent of the Japanese economy
is fueled by small businesses, and only recently were people
encouraged to start their own ventures, Japan will definitely have
the fuel to feed a sustained economic recovery.
As a foreign entrepreneur in Japan, I can't tell you
it's been easy, but then again, what entrepreneur likes
anything easy? What I can tell you is that there are boundless
opportunities for businesses wanting to export goods into Japan or
perhaps even set up branch offices. If you have been considering
entering the Japanese market, now is the perfect time to do it.
Dave Mori
President
Entrepreneur Association of Tokyo
Tokyo
Corrections: In "Taxing
Poetic" ("Money Buzz," April) Entrepreneur
reported that businesses typically overpay their taxes by
$80,000 to $100,000 over a three-year period, according to Tax
Recovery Group COO Darren Oliver. The actual figure cited by Oliver
was between $8,000 and $10,000.
In "Sowing
the Seeds" ("Biz 101," May), the ExtremeDrive
Adventures team was from the University of Colorado.