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Dan Sescleifer's avatar

I was once in the C suite of a public company. What you suggest is noble but will never work. To highlight the reasons requires a conversation, not a text discussion, but it’s not going to happen, given the powers that be between a board and management.

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Daniel Pareja's avatar

"Point out that if your company were to make bribes or pay favors to foreign governments, you would face criminal liability under the Foreign Corrupt Practices Act. Ask them: do any of us think that’s wrong?"

The problem is that they all do, at least any that operate in countries without strong institutions and where personal whim is more important than whatever the law happens to say. You won't be able to do business at all in those places unless the wheels of bureaucracy are greased with a few bribes here and there. (Many of these places are functional monarchies so there is some amount of stability in the sense that the person at the top will be the same for quite some time.)

Even people like journalists and doctors know this; it's much easier to slip $20 to a border guard than it is to try to get your expensive stuff back after it was confiscated under whatever flimsy pretext.

Also, they might be looking at companies like Hugo Boss, Bayer (and other Farben companies), Adidas, and IBM and thinking that they just might be able to emerge less scathed than you are predicting.

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