Saturday, May 18, 2013

Corruption Endemic

Norris, F. (2013, May 17) A Troubling Survey on Corruption. The New York Times,

[Excerpted] A new survey of corporate officials and employees in 36 countries — in Europe, Africa and the Middle East, as well as India — indicates that there is plenty of corruption that needs investigating.

Over all, 20 percent of the respondents said they knew of incidents at their own companies within the previous year that could be construed as cooking the books — moves to either understate expenses or overstate revenue. Among senior managers and directors, the figure was 42 percent....

Majia here: This survey only captures those who are willing to admit to fraud. 


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