When in Rome
2010-01-13
Of the five major Czech corruption scandals in recent weeks,
two involve big U.S. companies, Hewlett-Packard and Ford. Two
other scandals are Czech specialities (Opencard, and Mirek
Topolánek's Navatyp apartment). The final one is a Czech-Italian
contrivance (Praga-Export/Iveco armored vehicles). Czech
managers and politicians are the common denominator in all of
these, but the inclusion of two Fortune 500 companies stands
out like a sore thumb. Aren't U.S. companies supposed to adhere
to a higher standard? When asked about this, Executive Director
Weston Stacey of the American Chamber of Commerce said that
the problem is the abysmal performance of the police and the
courts to either convict or exonerate in a clear and convincing
manner. When accused of corruption, he said, companies should
be investigated by the police and, if justified, tried in a court,
not just in the media. Until then, it seems, the CR will attract the
kind of investors who know how to operate in the existing
environment.
[Czech Republic Romans United States of America Motor
Company]
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