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re: Kickbacks in the Private Sector
Posted on 10/5/21 at 6:02 pm to patendedgmf
Posted on 10/5/21 at 6:02 pm to patendedgmf
quote:
You award a contract, then resign and go work for the company you gave it to.
It used to be fairly common for executive level types to retire from private sector companies and go to work for the government or as a "consultant" or vise versa.
And yes I've heard several stories over the years of dumbasses getting fired for taking gifts/bribes, etc. It's one thing to take a football ticket or go out for meals, etc. It's when someone does it over and over and goes out out of state trips, takes, cash, etc is where the real trouble starts.
And don't ever be the moron who gets into a sexual relationship or sends pecker pics, etc with the female sales reps.
0
Posted on 10/5/21 at 6:08 pm to supatroopa
Do professors take kickbacks for using certain textbooks? Always wanted to know the answer to this. Only reason I can think of for the costs of some textbooks.
Posted on 10/5/21 at 6:10 pm to supatroopa
quote:
Kickbacks in the Private Sector
How are they viewed? Are they pretty common when companies are bidding out work?
Property managers, GM’s, etc
They don't usually use that term.
In my world they are referred to as "originations," and they are perfectly acceptable.
Posted on 10/5/21 at 6:11 pm to supatroopa
I know of a real estate company where agents write checks to the closers/title people's husband or significant other since they can't earn a commission or a bonus. Usually happens around Christmas time according to my inside info.
Not sure if that is a kickback but it is a way around corporate policy for the closing company. The agency has a stake in the title company so it would violate ethics if they were paid incentives.
Not sure if that is a kickback but it is a way around corporate policy for the closing company. The agency has a stake in the title company so it would violate ethics if they were paid incentives.
This post was edited on 10/5/21 at 6:13 pm
Posted on 10/5/21 at 6:15 pm to Cosmo
quote:
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
Also when the company goes belly up all the good furniture and technology ends up in said brother in laws house
Posted on 10/5/21 at 6:15 pm to supatroopa
quote:
Kickbacks in the Private Sector
Pretty illegal and against almost every company's ethics guidelines.
Hell, it is hard to justify taking a client to a ball game anymore let alone a straight-up kickback.
Over seas, they are more common.
Posted on 10/5/21 at 6:17 pm to supatroopa
It's very common, actually. (eta: not very common, but more common than you'd think is probably the better way to put it)
Companies have rules, but even at the top those get stretched. You have to 1) be willing to lose your job 2) Trust that someone won't turn you in.
One of my coworkers was canned recently because of that. He was a dick to his contractors so one of them had enough and submitted the receipts. He was terminated immediately.
A bit different than kickbacks, but I turned in one of my bosses in the past because I found out one of the third parties he was using was his wife.
The shite goes on, and if you can get past the fricked up morals you then have to ask yourself if it's worth it.
Companies have rules, but even at the top those get stretched. You have to 1) be willing to lose your job 2) Trust that someone won't turn you in.
One of my coworkers was canned recently because of that. He was a dick to his contractors so one of them had enough and submitted the receipts. He was terminated immediately.
A bit different than kickbacks, but I turned in one of my bosses in the past because I found out one of the third parties he was using was his wife.
The shite goes on, and if you can get past the fricked up morals you then have to ask yourself if it's worth it.
This post was edited on 10/5/21 at 6:21 pm
Posted on 10/5/21 at 6:24 pm to Crow Pie
quote:
They are not kickbacks, they are expensive hunting trips between business associates in order to strengthen the partnership.
I like to call it team building activities
Posted on 10/5/21 at 6:28 pm to yellowfin
Yeah Brand apparently likes to have a lot of those team building events at their “ camp” on the coast that has boats and a full time chef always there.
Posted on 10/5/21 at 6:28 pm to supatroopa
One client will not even let anyone buy lunch for their employees. I thought they were joking and picked up like a $25 quick lunch tab for one of their engineers. The next day the EVP of engineering explained it to me and they bought lunch for me to even it out.
Things have change significantly over the last 30+ years.
Things have change significantly over the last 30+ years.
Posted on 10/5/21 at 6:34 pm to notiger1997
Those camps exist for a reason.
Posted on 10/5/21 at 6:38 pm to supatroopa
The only ones that I’m familiar with are trips for training or conferences where the vendor pays for flights, rooms, food, drinks, etc… but there is no guarantee that you will purchase x amount of their products or anything.
This post was edited on 10/5/21 at 6:39 pm
Posted on 10/5/21 at 6:43 pm to DiamondDog
quote:
Fun Fact, I turned my old boss into the FBI for soliciting bribes/kickbacks for contracts. He went to jail for 4.5 years.
snitches get stitches
Posted on 10/6/21 at 6:43 am to Mid Iowa Tiger
quote:
Over seas, they are more common.
A bit of an understatement.
My buddy was the bag man for a whole damned country.
Need more land? Bag man.
Want to keep someone else from putting a competing yard? Bag man.
Private ferry for expats? Bag man.
I dud it once and wasn't easy about it. He did it for 20+ years. Dude had been all throughout Asia and Africa.
Posted on 10/6/21 at 6:49 am to X123F45
As a small business owner I wish I could get some kickbacks or throw some around more often.
Posted on 10/6/21 at 6:51 am to supatroopa
quote:
Kickbacks in the Private Sector
you mean like a certain someone who has never been an "artist" selling art for more than anyone else??
or pre-paid book deals, or movie/script deals for EX-politicians.
or EX-politicians becoming board members for schools, non-profits, or large corporations?
you mean like that??
Posted on 10/6/21 at 6:55 am to DiamondDog
quote:
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.
the real problem is not a t-shirt or a hunting/fishing trip. the problem is that once you operate a certain way (legally or illegally) you lose track of it over time. next thing you know you are now operating in a completely illegal way.
i watched a customer go to federal prison for 42 months. he is just a hustler that fell into the trap that i described. convinced that the fbi is listening in every time we talk.
Posted on 10/6/21 at 8:15 am to supatroopa
quote:I just watched my company fire a half dozen people for getting caught up in stupid shite like this. I'm not losing my job over a free golf cart and nepotism.
Kickbacks in the Private Sector
This post was edited on 10/6/21 at 8:19 am
Posted on 10/6/21 at 8:21 am to Gee Grenouille
quote:
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.
Haha. Maybe if you sell toilet paper and Lysol.
I’ve been asked to contribute thousands of dollars of corporate monies to third party charities run by family members of an executive at a publicly traded large client. All kinds of real shady shite goes on.
Posted on 10/6/21 at 8:35 am to supatroopa
In most cases, they're highly unethical, while also being very, very common.
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