Extracted pages from Weatherford-2Ethics_4.pdf

Extracted pages from Weatherford-2Ethics_4.pdf - globally...

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globally by buying out companies - most located in nations with a tremendous risk of corruption. The result of this lack of balance, created a tolerant and unmanageable environment where numerous employees of the African and Middle East subsidiaries - were able to participate in fraudulent activities. These unethical approaches occurred in a period of numerous years. The approaches included foreign executives being bribes and misuse of funds of the United Nations Oil charitable program. The SEC complaint reveals that Weatherford Services Limited employees formulated and managed a joint venture in Angola. This included two domestic firms that were directed by foreign executives, along with relatives
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