Extracted pages from Weatherford-2Ethics_5.pdf

Extracted pages from Weatherford-2Ethics_5.pdf - channel...

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channel that aided Weatherford Services Limited in the distribution of nearly $900,000 in payments. These payments were for the foreign executives in charge of the firms. In return for these illegal funds from the subsidiary, the executives gave the joint venture profitable contracts and secret information about rival pricing. Also, they cancelled contracts from the rivals of Weatherford Services Limited in order to implement them to the joint venture. The SEC complaint reveals that in Angola there was fraud caused by the Weatherford Services Limited employees. What occurred was that an Angolan official was bribed. The purpose was for the restoration of an oil
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  • Fall '16
  • Timothy Hargrave
  • Business Ethics, Corporation, Oliver Hardy filmography, Weatherford Services Limited

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