4 ms·

Yandex is a public company with stocks on NASDAQ. Can you ever imagine how it is hard to hide bribes inside of public company budget? :)

by bobuk 10y ago

pbarnes_1 10y ago
Not very. International listings don't need to abide by normal US listing regulations for financial reporting.
johansch 10y ago
Two words: "consultancy services"
- bobuk 10y ago
  You can check it on sec.gov. Yandex spend nothing on consultancy for 2014 and 2015 years
  - johansch 10y ago
    I can't be bothered to dig right now, but you're saying that a company with 5000+ employees did not use any consultants at all, zero, for 2014 and 2015? I really can't believe that. Edit: there are many ways to hide bribes, of course. Typically it involves overpaying for something. It would be hard for even a non-corrupt tax authority to tell the difference between having bad negotiation skills and bribes.
    - bobuk 10y ago
      My point is "big non-government companies in Russia doesn't pay any bribes". But you're right, it's definitely possible do hide some amount of bribe money if you really want to.
avar 10y ago
Just give someone a big performance bonus with the understanding that part of it is to be used on bribes? Seems rather easy.
- bobuk 10y ago
  Nope, both salaries and bonuses (even on C level) is too low in Russia to hide any amount of bribe in them. Anyway, I never heard about bribes for electricity for last 5 years in Russia.
  - johansch 10y ago
    I think you're an advanced version of a putinbot :).
    - maddiez 10y ago
      He's an employee of Yandex, well-known in the Russian dev community.
      - bobuk 10y ago
        Well-known? Thanks :)
  - elmigranto 10y ago
    > salaries and bonuses (even on C level) is too low in Russia to hide any amount of bribe in them Let's say someone claims that their programmer genius Ivan saved a company ~1m USD/year with latest commit; and awards him $100k. And you see this unusual bonus, how are you going to know 99% of that doesn't go to someone other than Ivan?
    - bobuk 10y ago
      Typical Ivan with good developer skills costs $30k/year in Moscow. But you are right, theoretically it is possible to hide some money if you really wants to. As far as I know there's no big non-gov companies who spend something on bribes right now. May be it's because I too believe in humankind.

Yandex is a public company with stocks on NASDAQ. Can you ever imagine how it is hard to hide bribes inside of public company budget? :)

by bobuk 10y ago

Yandex is a public company with stocks on NASDAQ. Can you ever imagine how it is hard to hide bribes inside of public company budget? :)

pbarnes_1 10y ago

Not very. International listings don't need to abide by normal US listing regulations for financial reporting.

johansch 10y ago

Two words: "consultancy services"

bobuk 10y ago
You can check it on sec.gov. Yandex spend nothing on consultancy for 2014 and 2015 years
- johansch 10y ago
  I can't be bothered to dig right now, but you're saying that a company with 5000+ employees did not use any consultants at all, zero, for 2014 and 2015? I really can't believe that. Edit: there are many ways to hide bribes, of course. Typically it involves overpaying for something. It would be hard for even a non-corrupt tax authority to tell the difference between having bad negotiation skills and bribes.
  - bobuk 10y ago
    My point is "big non-government companies in Russia doesn't pay any bribes". But you're right, it's definitely possible do hide some amount of bribe money if you really want to.

avar 10y ago

Just give someone a big performance bonus with the understanding that part of it is to be used on bribes? Seems rather easy.

bobuk 10y ago
Nope, both salaries and bonuses (even on C level) is too low in Russia to hide any amount of bribe in them. Anyway, I never heard about bribes for electricity for last 5 years in Russia.
- johansch 10y ago
  I think you're an advanced version of a putinbot :).
  - maddiez 10y ago
    He's an employee of Yandex, well-known in the Russian dev community.
    - bobuk 10y ago
      Well-known? Thanks :)
- elmigranto 10y ago
  > salaries and bonuses (even on C level) is too low in Russia to hide any amount of bribe in them Let's say someone claims that their programmer genius Ivan saved a company ~1m USD/year with latest commit; and awards him $100k. And you see this unusual bonus, how are you going to know 99% of that doesn't go to someone other than Ivan?
  - bobuk 10y ago
    Typical Ivan with good developer skills costs $30k/year in Moscow. But you are right, theoretically it is possible to hide some money if you really wants to. As far as I know there's no big non-gov companies who spend something on bribes right now. May be it's because I too believe in humankind.