Monday, March 21, 2011

IBM settles with SEC, pays $10 million for accusations of bribery

WOW!!! Even major international corporation getting in trouble for bribery, and it is not some other Asian company this time, it is a Big Blue of the West, chose to settle it down with SEC over allegations that over the 15 years or so IBM's employees were illegally bribing foreign officials to score themselves bigger contracts. Ultimately $10 million is little more than a slap on the wrist for the company size of IBM.

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