Ericsson Agrees To Pay More Than $1 Billion To Resolve Foreign Corrupt Practices Act Case

[OldBaldy1701E]

1. Yeah...

"Today’s guilty plea and surrender of over a billion dollars in combined penalties should communicate clearly to all corporate actors that doing business this way will not be tolerated.”

Like most American businesses don't do this to some degree every day... like ANY business would pass up the chance to secure their profits and remove competition. As with most white collar crime, the public could care less as it has been drilled into their heads that profit takes precedence over everything and such acts are just 'business'... the saying used most often to excuse corporate evils perpetrated against the general public. Also, if their fines came to over a billion... you can be assured they made nine billion for that fiscal year... otherwise, their attorneys would be fighting a hell of a lot harder to get it reduced. (Of course, it will get reduced to a more manageable fine as the appeals go forth, so any figure released now is suspect and used more for placation than 'punishment')