Wednesday, December 17, 2008
The Economist,
The Economist,
The Siemens bribery and corruption scandal
Siemens pays more than $1 billion to settle charges of bribery and corruption in Germany and America.
WHEN Siemens, Europe’s biggest engineering firm, adopted the slogan “be inspired” in the mid-1990s, bribery was not what it had in mind. But no one can accuse its managers of lacking inspiration when it came to devising novel ways to funnel huge sums in backhanders to corrupt officials and politicians across the globe.…
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Posted by Editor on 12/17/08 at 07:32 AM •
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