Case – The Bribery Scandal At Siemens AG
Questions-
1. In your opinion is ‘bribing’ unethical and illegal or just a cost of doing business? Discuss this in the light of Siemens bribery scandal. What options do companies have to win business contracts without bribing, especially in foreign countries?
2. Was the board right in not extending Kleinfeld’s term, especially in view of his overall performance as a CEO? What is likely to be the impact of his departure on the company? Was Siemens really at fault or was it just unfortunate to have got caught gives the perception that many companies have to resort to bribing to win contracts?
words: 1700
