This one’s a bit of a golden oldie, but in light of the recent round of promotions at the Haus of Daimler (not to mention this video’s unintentionally prophetic tagline), it’s worth mentioning. Charges in the 6 year old SEC-DOJ investigations of what was then DaimlerChrysler may be settled by Daimler for “about $200 million” according to anonymous Bloomberg [via BusinessWeek] sources. The probe had looked into allegations that the German firm regularly bribed government officials in a number of jurisdictions (including Sadaam Hussein, in the Oil For Food scandal), the broad strokes of which the firm essentially admitted in 2005. Though Daimler announced that it would cooperate with investigators and that “several” employees were fired, details were never released. At least one whistleblower has alleged that knowledge of slush funds and bribery were known at the highest ranks in Daimler, and the ever-helpful NY Times notes that
As recently as 1997, the German government counted the bribes paid to foreigners by German companies as tax- deductible.
No wonder these guys promote from inside.