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Kickbacks in the Private Sector
Posted on 10/5/21 at 4:05 pm
Posted on 10/5/21 at 4:05 pm
How are they viewed? Are they pretty common when companies are bidding out work?
Property managers, GM’s, etc
Property managers, GM’s, etc
24
Posted on 10/5/21 at 4:08 pm to supatroopa
Posted on 10/5/21 at 4:09 pm to supatroopa
Ray Nagin?
Posted on 10/5/21 at 4:10 pm to supatroopa
I’d be surprised if any reputable company doesn’t fire someone immediately for taking a kickback.
Posted on 10/5/21 at 4:10 pm to supatroopa
quote:
Kickbacks in the Private Sector
Everywhere I have worked they have been strictly forbidden. That doesn't mean they never happened though.
We were always worried of someone filing a complaint that we are giving contracts to someone over gifts that could be viewed as bribes.
Posted on 10/5/21 at 4:11 pm to texasmason
do you hate the game or hate the players?
Posted on 10/5/21 at 4:12 pm to supatroopa
it would be pretty easy for me to make some money taking kickbacks. 100% not worth the anxiety and potential consequences though. i'm not sure how criminals do it.
Posted on 10/5/21 at 4:17 pm to supatroopa
Most large companies have a huge purchasing dept to keep the users of the purchased product from benefiting in any way. It normally means you get the wrong shite. All to keep someone from getting a free duck hunt.
Posted on 10/5/21 at 4:17 pm to supatroopa
I get LOTS of free T-shirts and pens. Does that count? I mean, everybody takes them.
This post was edited on 10/5/21 at 4:19 pm
Posted on 10/5/21 at 4:20 pm to supatroopa
Just look at office supply/furniture prices at big companies
Must be purchased at a special vendor at prices 200% higher than anywhere else
Magically some executive’s cousin owns the supply company
Must be purchased at a special vendor at prices 200% higher than anywhere else
Magically some executive’s cousin owns the supply company
This post was edited on 10/5/21 at 4:21 pm
Posted on 10/5/21 at 4:21 pm to mjthe
quote:
do you hate the game or hate the players?
We are heavily regulated and it isn't worth the risk. When investors, government agencies or the CFPB come in it isn't if you pay fines but how much.
Posted on 10/5/21 at 4:21 pm to GreatLakesTiger24
quote:
i'm not sure how criminals do it.
No moral compass whatsover
Posted on 10/5/21 at 4:23 pm to Gee Grenouille
(no message)
This post was edited on 12/17/21 at 8:05 pm
Posted on 10/5/21 at 4:25 pm to supatroopa
They are not kickbacks, they are expensive hunting trips between business associates in order to strengthen the partnership.
Posted on 10/5/21 at 4:27 pm to supatroopa
quote:
Kickbacks in the Private Sector
Under the table deals get done every day with shady kick backs.
As long as you’re not a public company, government employee or government contractor it’s very difficult to regulate.
Posted on 10/5/21 at 4:49 pm to supatroopa
shite no, we have to sign anti bribery language in our contracts now. The larger the company, the more likely the language is in there.
Posted on 10/5/21 at 5:18 pm to DiamondDog
quote:
quote:
It normally means you get the wrong shite. All to keep someone from getting a free duck hunt.
Fun Fact, I turned my old boss into the FBI for soliciting bribes/kickbacks for contracts. He went to jail for 4.5 years.
Another guy I am aware of just got sentenced for accepting bribes.
But yeah, all about your duck hunt.
Great for you man. That's fantastic. The few times I've been offered anything it was because I had developed a friendship with someone and they wanted to take me to their own property to hunt. There's nothing wrong with that, yet it's against my companies rules. They're spending more money on the wrong parts with their current process.
Posted on 10/5/21 at 5:32 pm to Cotten
quote:
I’d be surprised if any reputable company doesn’t fire someone immediately for taking a kickback.
Correct. The bigger companies are very strict on watching over their contracts/purchasing departments and you don't want to screw around and get caught. The companies and sales folks that you do business with like to talk and all it takes is to get one of them pissed off at you for a lost deal that they suspect was because of something shady.
Posted on 10/5/21 at 5:38 pm to supatroopa
You award a contract, then resign and go work for the company you gave it to.
Posted on 10/5/21 at 5:55 pm to supatroopa
I’ve known a couple crooked administrators over the years
Purchasers getting invited to nice deer leases or to use a house in matagorda are the most common type of things
Purchasers getting invited to nice deer leases or to use a house in matagorda are the most common type of things
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