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Shocker from Ernst & Young's new Global Fraud Survey: 15% of CFOs worldwide are willing to...

  • Wednesday, May 23, 2012, 11:20 AM ET
    Shocker from Ernst & Young's new Global Fraud Survey: 15% of CFOs worldwide are willing to make cash payments to win or retain business. E&Y says companies are talking the talk but not walking the walk: “Even if management is strongly communicating that bribery and corruption isn’t OK, they don’t ever see anyone being punished for that.”
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This news story has 2 comments:

  •  
    this reminded me of the movie Back to School in the scene where danderfield schools the professor on how business gets done in the real world.

    http://bit.ly/LDzRmm

    2:00 -
    23 May 2012, 11:29 AM Reply Like
  •  
    You mean only 15% are honest enough to admit it? Is there a difference between a cash payment and a bottle of booze or some other gratuity? How about a contractor doing some free work for a bureaucrat who gives out government contracts. I guess just giving cash is so unimaginative.
    23 May 2012, 05:25 PM Reply Like
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