Johnson & Johnson (JNJ) CEO William Weldon said the $70 million in foreign bribery settlements his company just made “are not representative of Johnson & Johnson employees around the world who do what is honest and right every day.” But J&J’s internal emails, plus the U.K. Serious Fraud Office’s records, indicate that J&J management knew as early as 1999 that it was making improper payments to Greek sales agents, and that money was disappearing into what it called a “black hole” in Europe.
via bnet.com
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