The 11th Commandment

Dec 21, 2008 13:43

This is a fascinating article about the widespread and official use of bribes by the German company Siemens AG. Eventually things unraveled, and they are facing 1.6 billion dollars in fines and 1 billion in internal investigations/legal bills. Russia, China, Nigeria, Argentina, Venezula, Israel, Iraq (for the Oil for Food program while Saddam was ( Read more... )

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russiandude December 21 2008, 22:33:20 UTC
It is a lot about risk/reward. There is little likelihood that everyone involved in the bribery would get punished, or punished according to their gains.

Now, if you had mandatory death penalty for bribery and corruption, only the really huge ones (or the really dumb/desperate people) would go on.

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