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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (630389)10/4/2011 3:45:56 PM
From: i-node  Read Replies (1) of 1578420
 
>> .try reading this one.........its more condensed:

I read them both yesterday.

Apparently, you thought the important points were those below:

>> Bloomberg News has uncovered credible evidence of Koch Industries making “improper payments” (read: bribes) to “secure contracts in six countries dating back to 2002.

The distinction in many foreign countries between bribes and legitimate fees is negligible or nonexistent. I just don't have a problem with it. For years, American businesses have paid bribes in foreign countries as a cost of doing business. There are relatively few foreign countries where bribes aren't necessary preconditions to doing business there. Now, if such payments were made to US officials, that should be a big deal. I think Clinton's initiative on this subject was misguided and naive.

From 1999 through 2003, Koch Industries was assessed more than $400 million in fines, penalties and judgments. In December 1999, a civil jury found that Koch Industries had taken oil it didn’t pay for from federal land by mismeasuring the amount of crude it was extracting. Koch paid a $25 million settlement to the U.S.

Okay, so there was a dispute and it was settled. Happens all the time.

a Koch employee who testified against the company said he and his colleagues were shown by their managers how to steal and cheat — using techniques they called the Koch Method. […]

Someone said. Safely discounted.

I think we now know why Koch Industries was so worried about this article — it’s pretty devastating.

Assumes facts not in evidence.

I'm not saying Koch is any better than GE or other companies. If they're breaking the law they ought to be tried for it. But I have no interest in seeing a trial by the liberal media and left wing nutjob bloggers.
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