IBM Pays $10M to Settle Bribery Complaint

Let me see if I understand this correctly, a company accused of trying to bribe officials with cash...gets admit no wrong doing and pay cash to get out of the mess. Underlying message = CASH.

IBM has agreed to pay $10 million to settle a complaint its employees tried to bribe South Korean and Chinese officials with cash, gifts and entertainment in return for business for more than a decade. The U.S. Securities and Exchanges Commission alleged employees of IBM Korea and a local joint venture with LG Electronics paid around $207,000 in bribes to South Korean government officials, according to court documents on Friday.

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