let's make a deal

Dec 27, 2008 12:00

what's funny about the below article is the number of American companies tied to Siemens whom are not going down with the ship yet are most likely involved somehow someway..

At Siemens, Bribery Was Just a Line Item

"Managers in his unit set aside a budget of about $40 million to $50 million for the payment of bribes. For Greece alone, Siemens budgeted $10 million to $15 million a year. Bribes were as high as 40 percent of the contract cost in especially corrupt countries. Typically, amounts ranged from 5 percent to 6 percent of a contract's value."
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