In May 2008, a unit of Koch Industries Inc., one of the world’s largest privately held companies, sent Ludmila Egorova-Farines, its newly hired compliance officer and ethics manager, to investigate the management of a subsidiary in Arles in southern France. In less than a week, she discovered that the company had paid bribes to win contracts.
“I uncovered the practices within a few days,” Egorova- Farines says. “They were not hidden at all.”
She immediately notified her supervisors in the U.S. A week later, Wichita, Kansas-based Koch Industries dispatched an investigative team to look into her findings, Bloomberg Markets magazine reports in its November issue.
3 comments:
It surprises me, after reading this article, that they are even allowed to remain in business.
Perhaps its claim of 50,000 U.S. workers is the reason. They pay out more in fines than some companies earn.
And if these brothers are supporting and training tea baggers, that, to me, means that tea baggers are no good, simply by association if nothing else.
The world's largest privately held company. I would suggest the world's most evil empire as well.
10:28, the left has soros and the right has these guys, kind a evens it out a bit don't ya think?
2:49 PM
Only if you mean everyone is screwed over evenly.
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