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In 10 years I've never seen this happen in finance. Quite the opposite in fact: gifts bigger than a cup of coffee must be reported.
by LatteLazy 6y ago
In 10 years I've never seen this happen in finance. Quite the opposite in fact: gifts bigger than a cup of coffee must be reported.
- FartyMcFarter 6y agoLots of things "must" happen but don't.
- steve19 6y agoNobody know's what is not declared. The Pentagon had a problem with defense contractors getting around the rules by instead holding elaborate dinner parties. They since cracked down on it. The rules still allow some scope for these kind of gifts. [0] In the private sector it is not unheard of for a salesperson to drop 5 figures on champagne. If salesman from firm A is willing to give an exec or buyer a night to remember once or twice a year, with booze costing one or two weeks salary before tax, and the salesperson from firm B simply sends a "happy holidays" card once a year, it can easily sway that exec even if they believe they are unbiased. [0] https://dodsoco.ogc.osd.mil/Portals/102/gifts.pdf https://dodsoco.ogc.osd.mil/Portals/102/gifts.pdf
- taurath 6y ago"This extremely cheap knockoff of a 17th century highly valuable ceramic pot is only valued at $45, which happens to come in $5 under the allotment for bribery in your company policy"
- exdsq 6y agoReminds me of this sketch https://youtu.be/bbTfR64PArU https://youtu.be/bbTfR64PArU
- maxwelldone 6y agoYes, Minister and Yes, Prime Minister are brilliant shows.
- taurath 6y agoExactly the one I was thinking of :)
- deleted 6y ago[deleted]
- mschuster91 6y agoNetskope has an awfully big list of customers (https://www.netskope.com/customers https://www.netskope.com/customers) despite having a product that is absolute crap for the end users. I cannot imagine why any executive worth their salt would decide to purchase it without some form of incentive.
- LatteLazy 6y agoWhat's that quote about not mistaking incompetence for malice? Also, there is always about 10 times more legacy shit than decent new software in any org. That's the ultimate goal for many companies: not even good (let along best) quality but essential because we built something a decade ago to go with it and no one wants to undo all that convoluted undocumented bs. It's sad and I think tech people like me don't "get" it. But it's actually a much better business model than making good software and competing on price/quality. I worked for plenty of good and shitty software companies. I've never seen bribery. I have seen shitty companies win because they're bigger or older or what was used last time or more polished at speaking to execs who know nothing. One place I worked at made most of its sales because we were a subsidiary of a stock exchange. So people assumed we were safe and competent (we weren't). "No one gets fired for choosing IBM" AND "No one gets a bonus for choosing something better but less well known, quite the opposite, they have to justify it"
- tonyedgecombe 6y agoThose customers ought to be looking at the process leading to purchase and wondering who got a bung in that process.
- exhilaration 6y agoI see Netflix is no longer on the list!
- praptak 6y agoSerious bribes either don't look like gifts or don't even go directly to the person who is being bribed. There are "industry conferences" organized in expensive resorts. In a recent case in Poland a CEO of a company bought his apartment for approximately a half of the market price. For the really big bribes there are shell companies, which the vendor hires as subcontractor to get "consulting services".
- KptMarchewa 6y ago>In a recent case in Poland a CEO of a company bought their apartment for approximately a half of the market price. The "CEO" in question is in practice political commissar of the ruling party.
- deleted 6y ago[deleted]
- praptak 6y agoYes but they still cannot be too open about corruption.
- bongobingo 6y agoProbably because finance people know to not accept such obvious bribery.