Sun Microsystems has admitted to violating the Foreign Corrupt Practices Act in a filing with the Securities and Exchange Commission.
If you own Sun stock, you may want to sell, as the company claims resolution of this fact could "materially affect our business".
Prison time for Sun execs, yes? They did admit to the crimes, does that reduce their culpability?
Maybe not. Evidently the truth came out only when it was time for Sun corporate heads to cash in during Oracle's takeover of the company, and it was this combination and the financial interests behind it that decontaminated Sun.
Time for the corporate heads at Sun to pat their kids on the head and walk on off to prison.
Assholes.
Saturday, May 09, 2009
Sun Microsystems' Leadership Approved Bribes of Foreign Officials, SEC Filing Admits
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1 comments:
This is nonsense. Large international corporations with many thousands of overseas executives operating in cultures where bribes are a way of life often discover that such actions have taken place and they do what they should do to remedy the situation. They provide on-going training programs, vigoruously investigate and terminate the people involved, It's a tempest in a teapot.
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