Fredy resolves to "turn adversity into personal strength"

The attacks on Xinhua Finance and its CEO Fredy Bush continue unabated. I thought that "tall poppy syndrome" was an Australian problem but perhaps the staff at the Wall Street Journal are just preparing themselves for Murdoch ownership. Thanks to colleague Mark Cochrane for pointing me to a fairly mean-spirited Journal piece (probably subscribers only - sorry) which rakes over more about Bush's teen pregnancy and tax problems than it throws any real new light on the issues at Xinhua Finance. Again, they seem to preparing themselves for the Murdoch years which now seem sure to come.

The Journal, in a rather feeble effort at even-handedness, has posted on its website a letter from Bush to her staff in which she says "I can assure you that with these latest personal attacks, my resolve to turn adversity into personal strength has only increased".

A briefer version of the staff letter has been posted to shareholders where Bush adds the information that "you should know that the business remains strong as is evidenced by XFMedia’s announcement this morning revising upwards its revenue guidance for second quarter 2007 from $23 million to an anticipated range of $27-29 million".