Airbus ran ‘massive’ bribery scheme to win orders
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Re: Airbus ran ‘massive’ bribery scheme to win orders
#2Re: Airbus ran ‘massive’ bribery scheme to win orders
#3In Canada SNC Lavalin same things.
This is not an easy thing though: the countries in which bribes are paid are run by corrupt people who expect kickbacks as part of doing business, and there's no other way about it.
If the West wants to play morally superior on this - then 100% of Airbus, Boeing, SNC, Halliburton and massive industrials will full-on go out of business.
This issue is not part of the current round of negotiations with China and it's too bad, because without a level playing field - many industries will be wiped out and other countries will be happy to pick up the slack.
This stuff is quite common, we need a comprehensive solution.
One indirect approach might be to invest and push for open journalism in places like Malaysia, so as to force their own hand on corruption though that may be asking too much.
Re: Airbus ran ‘massive’ bribery scheme to win orders
#4In Canada SNC Lavalin same things. This is not an easy thing though: the countries in which bribes are paid are run by corrupt people who expect kickbacks as part of doing business, and there's no other way about it. If the West wants to play morally superior on this - then 100% of Airbus, Boeing, SNC, Halliburton and massive industrials will full-on go out of business. This issue is not part of the current round of…
I question the premise. The US has the Foreign Corrupt Practices Act of 1977 has already made it illegal to make payments to foreign government officials to assist in obtaining or retaining business. Somehow, Boeing, SNC, Halliburton, and many other massive industrials have survived so far.
Re: Airbus ran ‘massive’ bribery scheme to win orders
#5In Canada SNC Lavalin same things. This is not an easy thing though: the countries in which bribes are paid are run by corrupt people who expect kickbacks as part of doing business, and there's no other way about it. If the West wants to play morally superior on this - then 100% of Airbus, Boeing, SNC, Halliburton and massive industrials will full-on go out of business. This issue is not part of the current round of…
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Re: Airbus ran ‘massive’ bribery scheme to win orders
#6> Airbus for years conducted a “massive scheme to offer and pay bribes”, involving very senior executives, according to disclosures in courts in Washington DC, Paris and London, as Europe’s aerospace champion agreed to pay €3.6bn in penalties to regulators in France, the UK and the US.
So nobody went to jail, though
Re: Airbus ran ‘massive’ bribery scheme to win orders
#7journaliasts are bored by Boeing topics?
Re: Airbus ran ‘massive’ bribery scheme to win orders
#8In Canada SNC Lavalin same things. This is not an easy thing though: the countries in which bribes are paid are run by corrupt people who expect kickbacks as part of doing business, and there's no other way about it. If the West wants to play morally superior on this - then 100% of Airbus, Boeing, SNC, Halliburton and massive industrials will full-on go out of business. This issue is not part of the current round of…
systems of bribery operate differently in each country. i have yet to see one that does not have one.
Re: Airbus ran ‘massive’ bribery scheme to win orders
#9In Canada SNC Lavalin same things. This is not an easy thing though: the countries in which bribes are paid are run by corrupt people who expect kickbacks as part of doing business, and there's no other way about it. If the West wants to play morally superior on this - then 100% of Airbus, Boeing, SNC, Halliburton and massive industrials will full-on go out of business. This issue is not part of the current round of…
I question the premise. The US has the Foreign Corrupt Practices Act of 1977 has already made it illegal to make payments to foreign government officials to assist in obtaining or retaining business. Somehow, Boeing, SNC, Halliburton, and many other massive industrials have survived so far.
"Don't spend your money bribing foreign governments, keep that money for lobbying in your own country. Lobbying of course is not bribery."
Re: Airbus ran ‘massive’ bribery scheme to win orders
#10In Canada SNC Lavalin same things. This is not an easy thing though: the countries in which bribes are paid are run by corrupt people who expect kickbacks as part of doing business, and there's no other way about it. If the West wants to play morally superior on this - then 100% of Airbus, Boeing, SNC, Halliburton and massive industrials will full-on go out of business. This issue is not part of the current round of…
I question the premise. The US has the Foreign Corrupt Practices Act of 1977 has already made it illegal to make payments to foreign government officials to assist in obtaining or retaining business. Somehow, Boeing, SNC, Halliburton, and many other massive industrials have survived so far.
Apparently FCPA might be dying a slow death...
https://www.cnbc.com/2020/01/17/kudlow-white-house-is-lookin...