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In an interview puhlislted in The New York Tones in February 19%. former Lockheed president A. C Kotchian defended tlte payment of bribes by tlte
In an interview puhlislted in The New York Tones in February 19%. former Lockheed president A. C Kotchian defended tlte payment of bribes by tlte company as follows: Some call it gratuities. Some call them questionable payments. Some call it extortion. Some call it grease. Some call it bribery I look at these payments as necessary to sell a product. I never felt I was doing anything wrong. More than 3U years later. Reinhard Sieltaczelt. an accountant employed by Siemens who oversaw an annual budget for questionable payments in excess of $50 million. stated: I never thought I vmuld go to jail for nty company. We thought we had to do it. Otherwise. we'd ruin the cotnpany. People will only say about Siemens that they were unlucky and that they broke the Eleventh Commandment. The Eleventh Commandment is \"Don't get caught.\" - Explain what the employees should know regarding the Foreign Corrupt Practices Act. - Provide examples of Foreign Corrupt Practices Act violations. - Identifyr company actions or red ags that might indicate violations of the Act. - List any consequences of the violations. - Recommend actions to report possible violations. - Describe protections for whistlebiovrers. Why are they important? HDW do the protections impact the Act
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