Microsoft to Pay $25M to Settle FCPA Claims Over Alleged Bribery in Hungary
“We recognize that no business process can offer a perfect guarantee of eliminating all global instances of a human frailty that is as old as humanity itself," Microsoft Corp. president Brad Smith told employees in an email.
July 22, 2019 at 01:10 PM
4 minute read
“Deeply disappointed and embarrassed.”
That's how Microsoft Corp. president and chief legal officer Brad Smith said he and fellow company leaders felt after learning that senior executives and other employees of the tech giant's Hungarian subsidiary were involved in an alleged bribery scheme.
“As a company, we do not tolerate employees and partners who willfully break policies that go to fundamental issues of business and integrity,” Smith added in an email to employees.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3'That's Disappointing': Only 11% of MDL Appointments Went to Attorneys of Color in 2023
- 4What We Know About the Kentucky Judge Killed in His Chambers
- 5'I'm Staying Everything': Texas Bankruptcy Judge Halts Talc Trials Against J&J
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250