Airbus ran ‘massive’ bribery scheme to win orders

Post by Ididntdothis » Sat, Feb 01, 2020, 4:31 AM UTC

bobbydroptables wrote: post #14

jdkee wrote: post #13

Bribery or MCAS? Your choice.

Option 3: start jailing these fraudsters for criminal fraud. Jail corporate profits for 6 months. Claw back any and all executive pay since the fraud began and distribute it to low level employees or other victims of the fraud. If you can't survive as an honest company you don't deserve to survive. And there are very few people that give the government as many screws as executives to modify their behavior.

Post by Ididntdothis » Sat, Feb 01, 2020, 4:32 AM UTC

fennecfoxen wrote: post #4

jariel wrote: post #3

In 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.

Post by bobbydroptables » Sat, Feb 01, 2020, 4:35 AM UTC

Ididntdothis wrote: post #31

bobbydroptables wrote: post #14

Earlier quoted context omitted.

Option 3: start jailing these fraudsters for criminal fraud. Jail corporate profits for 6 months. Claw back any and all executive pay since the fraud began and distribute it to low level employees or other victims of the fraud. If you can't survive as an honest company you don't deserve to survive. And there are very few people that give the government as many screws as executives to modify their behavior.

In medical devices when you screw up they can stop you from selling in a country for a while. That usually wakes people up. Stopping them from doing business for a while would wake up a lot of companies. But they can always hold their employees hostage since they would take most of the suffering.

Post by [deleted] » Sat, Feb 01, 2020, 4:47 AM UTC

kortilla wrote: post #12

markdown wrote: post #9

Earlier quoted context omitted.

"Don't spend your money bribing foreign governments, keep that money for lobbying in your own country. Lobbying of course is not bribery."

Because it’s not. You know that lobbyists can’t pay politicians, right? The meme that “lobbying == bribery” needs to die.

Post by dboreham » Sat, Feb 01, 2020, 4:58 AM UTC

yalogin wrote: post #22

Every company doles out bribes. In many countries bribery is the way to go. Things don’t happen without it. They just find creative ways to make it legal that’s all.