Case Evaluation Essay Example | Topics and Well Written Essays - 1750 words

Case Evaluation - Essay ExampleHenceforth, due south bon ton and its challengers may at times have the temptation of using any possible instrument in persuading decision makers in signing contracts with their companies. referable to this persuasion, the company gets tempted to offer financial incentives that are non legal in closing the signed contracts (Stanwick, 2014). The illegal method used by Siemens Company to obtain orders from their customers was revealed when it was stated that six executives in Siemens Company had been detained for the actions they did. These actions related to offering bribes to German and diametric customers in the telecommunication industry.Additionally, these executives were blamed of stealing money from Siemens Company to pay for the offered bribes. Thomson Ganswindt was among the arrested executives. He was forefront the telecommunications equipment unit in the company. The assessed bribes amounted to 200 million euros and supposedly incorporate d using bribes to get the security systems contract. This was at the 2004 Olympic Games held in Greece (Stanwick, 2014). The concerns began after Michael Kutschenreuter, a senior executive in Siemens Company, stated that he received a very worrying phone call in the beginning of 2004 from Beit Al Etisalat. Al Etisalat was an employee of a consulting firm in Saudi that was Siemens business partner.Al Etisalat claimed that he be compensate 910 million dollars as commission payments by Siemens Company for the role he played in obtaining telecommunication contracts in Saudi Arabia. He went on to threaten the company that he would go to the coupled States Securities and Exchange with proof of bribes Siemens offered connected to the contracts if Siemens Company did not compensate him the commission payments (Stanwick, 2014). Due to this threat, Michael informed the companys superiors, including the then present CEO Heinrich von Pierer and future CEO of the company Klaus