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The last couple years have almost been enough to give a management frown lines at Avon Products (AVP), the global marketer of eyeshadow, concealer and other cosmetics. An internal probe into bribery allegations in China and elsewhere has been running since 2008, racking up more than $100 million in costs. Four senior managers in Asia [...]
Call us old-fashioned, but we think that a federal investigation for bribery or foreign corruption, even a small one relative to a company’s size, is significant, and warrants disclosure. We recently took General Electric (GE) to task for sweeping its own foreign corruption inquiry under the rug. Last Friday, the Securities and Exchange Commission and [...]
It isn’t every day that one of the biggest industrial companies settles foreign bribery charges — and almost acknowledges the allegations in the process. Given that the company didn’t tell investors that the investigation was even underway, that’s not half bad. Today General Electric (GE) settled allegations by the Securities and Exchange Commission that several [...]
Usually, after a company settles serious charges with federal prosecutors and regulators, investors can relax a little, and assume the matter is behind them. That may not be the case with one contractor we looked at more closely in a FootnotedPro report that went out to subscribers this afternoon. The company’s filings suggest an independent [...]
