A Traveler’s Guide to Gifts and Bribes Harvard Business Review Why might bribery become a problem for U.S. managers working in foreign countries? The FCPA was structured to help U.S. companies understand what bribery is‚ and what is or is not acceptable behavior at home and in other countries. The confusing issue is that even with this guidance‚ it is not always clear what exactly is to be considered a bribe. Under the Act‚ not all payments are deemed to be bribes. FCPA doesn’t forbid payments to
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THE CASE OF THE JAPANESE BRIBE I. BACKGROUND OF THE CASE 1976: Former Japanese Prime Minister Kakuei Tanaka was arrested on charges of taking bribes amounting to $1.8 Million Dollars from Lockheed Aircraft Company. Tanaka’s secretary and several other government officials were arrested together with former Prime Minister Tanaka. Takeo Miki was ousted from office on suspicion of concealing Tanaka’s dealings with Lockheed Aircraft Company. In Holland‚ Prince Bernhard resigned from 300 government
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Cloud‚ Dana. "The Irony Bribe and Reality Television: Investment and Detachment in the Bachelor." Critical Studies in Media Communication‚ vol. 27‚ no. 5‚ Dec. 2010‚ pp. 413-437. EBSCOhost Dana Cloud is a professor‚ author‚ and activist. At the University of Syracuse‚ she teaches communication studies. Cloud is most recognized for the phrase “rhetoric of therapy” in her book Control and Consolation in American Culture and Politics: Rhetoric of Therapy. Not only is Cloud an author of several books
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HAMPTON MACHINE TOOL COMPANY About The Company Hampton Machine Tool was established in 1915 and has been manufacturing machine tools since its foundation. Hampton company’s customer base is made up primarily of aircraft manufacturers and automobile manufactures in the St. Louis area. It experienced record production and profitability during the years. Sales and profitability declined in the mid-1970s with the withdrawal from Vietnam War and the oil embargo. However‚ the company had stabilized the
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Executive Summary Hampton Machine Tool Company (HMTC) was founded in 1915 to produce machine tools. Machine tools manufacturing business is highly prone to economic fluctuations. Therefore‚ success of HMTC depends upon success of other related industries. The major customers of the company are aircraft manufacturers and automobile manufacturers. Sales of HTMC boomed during 1960s‚ decreased in the mid 70s and started to recover around 1978 due to the increase in demand of military aircrafts‚ a stable
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Hampton Machine Tool Company On September 14‚ 1979‚ Mr. Jerry Eckwood‚ vice president of the St. Louis National Bank was considering a loan request from a customer located in a nearby city. The company‚ Hampton Machine Too] Company‚ had requested renewal of an existing $1 million loan originally due to be repaid on September 30. In addition to the renewal of the existin- loan‚ Hampton was asking for an additional loan of $350‚000 for planned equipment purchases in October. Under the terms
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Hampton Machine Tool Company 1. Why can’t a profitable firm like Hampton repay its loan on time and why does it need more bank financing? What major developments between November 1978 and August 1979 contributed to this situation? A/ Hampton Machine Tool Company was unable to repay its loan on time due to several factors. One of such factors is the fact that the stock repurchase‚ for which the loan was initially requested‚ was a major cash disbursement of $3 million. In the period between November
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Entrepreneurial Finance Eric Wehrly Hampton Machine Tool Company The questions for the Hampton Machine Tool Company are given below. Please prepare for submission questions 1 and 2 only. That is‚ please submit your balance sheet for December 31‚ 1979 and income statement for the four month period‚ September through December 1979‚ requested in question 2 below (your income statement should not be monthly; it should cover the entire four months). Please also prepare‚ but do not submit‚ the
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Zachary Duffy Hampton Machine Tool Company From the point of view as the bank creditor‚ Jerry Eckwood‚ a determination must be made of whether Hampton Machine Tool Company should receive an extension of their original loan of $1 million‚ as well as an additional loan of $350‚000. After research and careful consideration and extraneous research and forecasting‚ we‚ St. Louis National Bank‚ as well as myself‚ Jerry Eckwood‚ have determined to reject Hampton Machine Tool Company’s loan request‚ as
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TOPIC: MACHINE TOOLS India stands 13th in the production and 6th in the consumption of machine tools in the world. The country is set to become a key player in the global machine tools industry with substantial increase in manufacturing of high end machine tools. The Indian machine tool industry has approximately 1000 units in production of machine tools‚ accessories/attachments‚ sub-systems and parts. Threefourth of machine tool producers in India are ISO certified. The market for machine tools
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