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Foxconn Accused of Taking Bribes
judgecorp writes "Device manufacturer Foxconn has been accused of taking bribes from local suppliers. The issue has been reported in Taiwan's Next magazine, and picked up by the China Post — and is being investigated by the Chinese authorities."
"How shocked?" You ask? Shocked exactly to the point that my water army commanding officer pays me to be -- and not one yuan more!
My work here is dung.
No, it just means someone didn't pay enough to the Chinese officials.
Bribery is kind of how business is done in China I have heard. There have been congressional hearings where people doing business in China have testified precisely that and being restricted from participating in their "business culture" reduces their ability to compete.
Unless I am missing something, it looks like Foxconn was the victim here. One of their employees was accused of taking bribes from a supplier, in order to give the supplier a contract from Foxconn. So the employee get the money, and Foxconn loses money by paying to much.
This headline is really badly written.
A few high level Foxconn employees have been accused of taking bribes, by Foxconn. Foxconn called in the law enforcement on both sides of the Taiwan Strait, and is working with them to capture all the responsible parties. So rather than Foxconn taking bribes, it's Foxconn employees abusing their power, and embezzling against Foxconn by taking bribes from suppliers.
I can tell you that if my local police department started up a serious investigation to weed out corrupt cops, I would be happy about it. If they found that he Chief of police was the ringleader and promptly filed charges against him, I would be shocked at our community's good fortune. If the above comments are correct, and it was Foxconn themselves that initiated the complaint, then they are cleaning up their own house and should be commended.
How are "High level employees" with business decision making powers, directorships, fiduciary responsibility and strategic control NOT considered foxconn?
Maybe this will help explain:
A bank employee embezzles from his employer. Headline reads: Bank steals money.
See the problem now?
Examples of completely ordinary, legal, and quite ethical bribes:
An employer offers an employee a hiring bonus if they sign on with them. That's nothing less than an outright bribe... and there's nothing shameful about offering it or receiving it.
Honorariums are basically bribery. You might get something in exchange for participating in a focus group, for instance.
Any sort of monetary reward for turning in evidence for a crime that the police have solicited public help on, which results in a conviction
There are others, but I trust you get the gist of things. Bribes are a perfectly normal aspect of living in a capitalistic society,
File under 'M' for 'Manic ranting'