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I don't really see what's wrong since they're exploiting the way the Chinese do business. There isn't an implied bribe here, but JPMorgan knows clearly that Chi
by calbear81 13y ago
I don't really see what's wrong since they're exploiting the way the Chinese do business. There isn't an implied bribe here, but JPMorgan knows clearly that Chinese officials (many of whom are corrupt) will steer business to their children's firms. Put another way, JPMorgan just hacked hiring.
- bonemachine 13y agoI don't really see what's wrong since they're exploiting the way the Chinese do business. What's "wrong" is that it appears they may have been in violation of federal anti-bribery statutes. In particular this thing known as the Foreign Corrupt Practices Act. The original article was pretty clear about this point, so it's hard to see how you don't "see" it.