To My Dear Children

(Balzli , Deckstein Schmitt 2007 . Thus , when Siemens AG listed its shares on United States impertinently York Stock Exchange (NYSE ) in 2001 and it was subjected to stringent American anti-bribery measures the managers desisted from moderate cash in office (Balzli , Deckstein Schmitt 2007 . Instead , they turned to the define on of cash cheques to perform the same appendages . The cheques were deposited in variant accounts but the political party did not save up records in its ingest books so that it could make much villainous payments (Balzli , Deckstein Schmitt 2007In to disguise the surreptitious operations , Siemens AG managers outsourced or so of its accounts works to product line consultants so that no it would not be culpable in any secret operation would be unearthed (Economist .com . In call up to cov er their operations further the managers of the company use more eccentric destine to avoid being found (Balzli , Deckstein Schmitt 2007 . When they authorised the bribery payments , they used removable sticky notes , which would be well destroyed to stop all evidence of any transaction (Fernando Bellamkonda 2007The sums of money transferred by the managers of Siemens AG were staggering .

tally to Balzli , Deckstein and Schmitt (2007 , a of 805 one million million million was handed over by the company to international officials in bribes . The money handed out was aimed at ensuring that Siemens win as many contracts as it could in many foreign market! s (Economist .com . In other in military strengths , the bribes were meant to woo crowd representatives in supervisory areas to support Siemens AG policies when they would apparently need to jilted (Fernando Bellamkonda 2007 . Along this line , Fernando and Bellamkonda (2007 ) note that the German government s stance on bribery was perhaps a contributing figure in Siemens AG s sneak(a) operations . This is because many companies understand that the German law and eve the law in...If you want to range a full essay, range it on our website: BestEssayCheap.com

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