Slashdot Mirror
Hewlett-Packard Pleads Guilty To Bribing Officials in Russia, Poland, and Mexico
Charliemopps writes Hewlett-Packard and three subsidiaries pleaded guilty Thursday to paying bribes to foreign officials in Russia, Mexico and Poland and agreed to pay $108 million in criminal and regulatory penalties. For over 10 years Hewlett-Packard kept 2 sets of books to track slush-funds they used to bribe government officials for favorable contracts.
From the article:
According to the Justice Department, HP Poland paid more than $600,000 in cash bribes and gifts, travel and entertainment to the the police agency's director of information and communications technology. HP Poland gave the government official bags filled with hundreds of thousands of dollars of cash, provided the official with HP desktop and laptop computers, mobile devices and other products and took the official on a leisure trip to Las Vegas, which included a private tour flight over the Grand Canyon, the Justice Department said.
The foreign officials probably weren't reporting the income on their taxes, either.
Where will the money come from? Somehow I don't think it'll be execs who are "rightsized".
Where's the prison terms? Where's the personal liability for CxOs? No, they are likely not directly accountable for the actions of every single individual employee, but they are responsible for the actions of the company in general. When the company does something illegal, the boss should pay the penalty; it's the only way to justify the ludicrous money they make.
CAPTCHA: higher
What "Time"? These are Corporate Executives. When they break the law their company pays cash. Jail is the legal system for people who dont have enough money to pay Government Fines.
Common Sense isn't as Common as people think...
What "Time"? These are Corporate Executives. When they break the law their company pays cash. Jail is the legal system for people who dont have enough money to pay Government Fines.
Sooo.... They will pay a bribe to settle charges of bribery?
Any insufficiently advanced magic is indistinguishable from technology.
When you start down the road of bribery and corruption, just know that you can never get off it.
SJW's don't eliminate discrimination. They just expropriate it for themselves.
I cannot imagine either of those two approving of such business practices.
Hmm, 10 years ago, so that means 2004. That means during Carly Fiorina's reign, then Mark Hurd, then Leo Apotheker, then Meg Whitman.
I guess bribery and corruption must be good for shareholder value? Hey, bribery is just part of unfettered capitalism, isn't it?
What many in the U.S. don't realize is that what we call bribery is SOP in some countries. Not that it makes it right, or legal, but it may be the only way for a company to do business there. I've witnessed this first hand in a couple places, with local government officials who would just not process paperwork unless you "tip" them.
Just another day in Paradise
endemic corruption and all that it enables (e.g. drug-related violence, election fraud and inefficient business and government) make it impossible for the nation to realize its full potential.
Yes, the influence of the corruption in Norteamericano politics really has boned Mexico. Wait, is that not what you meant?
The influence of Norteamericano (a misnomer, since México is also part of Norteamérica) politics has boned México, but not so much because of our political corruption but because of our failed drug policy. The really horrible drug violence problems they're facing now are a result of caving to US pressure to try to stop the flow of drugs through Mexico. The attempt failed utterly, as anyone with a brain knew it was going to, and it turned the Mexican drug traffickers into ultra-violent thugs. The relatively peaceful traffickers from 20 years ago were imprisoned or killed, and the guys who replace them are seriously nasty.
Note to ACs: I usually delete AC replies without reading them. If you want to talk to me, log in.