International Business Machine s Ethical Problems

One of International Business Machine’s ethical problems was bribing a few government officials in a foreign country. This business was investigated over allegations made by South Korea and Chinese government officials. They received about two hundred thousand and seven hundred dollars in bribes from 1998 to 2003. In return, the Chinese and South Koreans hand over contracts for computer gear to International Business Machines. All though IBM did not admit to the allegations, they did paid the ten million dollar penalty that was set in the law suit. Because IBM bribed the foreign officials, the business violated the Foreign Corrupt Practices Act of 1977. The International Business Machine’s code of ethics states no employee should get involved in any industry that seems like it is fraudulent or inaccurate. Any given person that works at IBM should be aware obey all laws that govern the gain of goods and services. This applies to all forms of trade, whether it is Federal, Local, or International. Always comply with all antitrust and competition laws and regulations. All employees must obey any and all, local and/ or foreign, anti-bribery laws. Do not give bribes to anyone, whether it is for from inside the company or outside the company. IBM broke their own code of ethics by bribing the government officials in foreign countries. An IBM reseller cannot fix or control prices for their companies technology, never boycott with either the suppliers or clients, should not divideShow MoreRelatedBenefits And Benefits Of Ultrasound Technology Essay1494 Words   |  6 Pagesuniversal necessity for imaging equipment among the country and borough population in India. The evidence shows why India s ultrasound market poses both a significant business and public health opportunity. 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