SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Baidu (BIDU)
BIDU 123.82+2.8%Dec 19 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
Recommended by:
FJB
From: The Ox5/15/2015 5:52:19 AM
1 Recommendation   of 2098
 
  • Baidu (NASDAQ: BIDU) has fired 8 execs, including senior sales/marketing execs, following the recent launch of a bribery probe.
  • An internal memo picked up by Reuters indicates the execs were generally accused of "criminal behavior" and breaking with "company morality," but doesn't give details. The memo also states legal authorities have begun investigations, and that 5 of the execs have been detained.
  • Reuters notes Baidu has 180+ employees at the director level, and (like other major Chinese tech companies) entire departments focused on uncovering misbehavior.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News