• Mar 7, 2006

A whistleblower-spurred inquiry into 'improper payments' (read: bribes) has led DaimlerChrysler to let go or suspend several employees on three continents.

The mole in question claims that he was fired after complaining to his bosses regarding a 'secret bank account' employed to bribe foreign officials in developing markets-- namely Africa, Asia, and Eastern Europe. The payoffs potentially run afoul of U.S. and German laws, along with being illegal in the countries whose officials received the money.

[Source: The Guardian Unlimited]



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    • 1 Second Ago
  • 3 Comments
      • 8 Years Ago
      OK, so let me get this straight - it ISN'T bribery for GM, Ford or DCX to slap a ton of money on the hoods of their cheap-crap vehicles to move them off the lot, right?

      Oh right. That's "legal" bribery. Sorry, there's a difference.

      Anyone else out there notice that most of the "domestic" car companies seem to be run by people who apparently never got past "Business 101" in college?

      GM: Lost over $2700 for every vehicle sold in 2005, but by golly, keep crankin' 'em out like sausages (good comparison, they last about as long). Oh, the $2700 figure was actually BEFORE the "fire sale" whoops I mean the "employee pricing for everyone sale" to rid the dealers of the leftover 2005's.

      Then there was the $2 billion p!ssed away in a give-away to FIAT. Yes, maybe once it was chump change for GM but not when the coffers are nearly totally empty (comparitively speaking, of course).

      Ford: "Ditto". For once, Ford needs to NOT follow GM.... particularly since the cliff edge is getting closer and closer and closer.
      • 8 Years Ago
      That's the kind of thing they have to do to sell their crap!
      • 8 Years Ago
      #1 Don't be naive, in certain countries NOBODY does any business without bribing officials. It's nearly a cultural issue. Up until some years ago DCX even deducted bribes payed in these regions from their taxes in Germany. It is forbidden now, but I guess some time will have to pass until the world adapts to EU / US legislation concerning bribes.