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IT giants bribe officials on a regular basic by offering them seats on the board, for instance, or as speaking fees at company events.
by JackPoach 5y ago
IT giants bribe officials on a regular basic by offering them seats on the board, for instance, or as speaking fees at company events.
- AussieWog93 5y agoThat's exactly what happened at Telstra (Australia's largest Telco). Big exec launches a project costing something like 2 million dollars and two years to make an already working piece of in-house IT infrastructure reliant on a third-party product that charges per API call. The project finishes up, then he quits and joins the board of the company that provides said third-party product. Next exec comes along, realises that they're spending a million dollars a year on unnecessary API calls, spends another two years and two million dollars to rebuild a new version of the old system. The naughty exec won't be offered another job at Telstra, but got away scott free because Australian law regarding white collar crime is toothless.
- t0mas88 5y agoI've seen it with Salesforce at least two times, of course not a board seat but the exec joining SF in a comfy role after launching a very expensive project at the company the exec came from. Could be that they were so impressed collaborating with Salesforce that they immediately before the project even ended wanted to join them, but it at the very least smells fishy.
- southerntofu 5y agoOr by organizing a congress and bribing everyone with free devices (tablets/phones), like Microsoft has been doing with the french Ministry of Education for about a decade.