Hewlett-Packard to Pay $108 million for International Bribery & Money Laundering

Discussion in 'The Howard Stern Show' started by Phillipmcd, Apr 10, 2014.

  1. Phillipmcd

    Phillipmcd Active Member

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    Hewlett-Packard has admitted to creating and using slush funds for bribes, money laundering, and clandestine “bag of cash†handoffs in order to profiteer off of lucrative government contracts in Russia, Poland, and Mexico, according to court documents.


    HP’s guilty plea carries with it a $108 million penalty — a combination of SEC penalties, as well as criminal fines and forfeitures paid out to the Department of Justice. Thus far no criminal charges have been brought against American HP executives. The multi-agency investigation, which was conducted by multi-national law enforcement partners, the FBI, IRS, and SEC, has revealed kleptocracies in the three foreign governments and corruption and dishonesty among HP corporate fat cats.

    https://news.vice.com/articles/hewl...ering-schemes?trk_source=homepage-in-the-news
     
  2. LaserT

    LaserT You have to have fun.

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    What else is new? :rolleye2:
     
  3. Phillipmcd

    Phillipmcd Active Member

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    [video=youtube;PBwAxmrE194]http://www.youtube.com/watch?v=PBwAxmrE194[/video]
     
  4. LaserT

    LaserT You have to have fun.

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    :lol: Exactly. Haven't heard that song in a long time.
     
  5. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    Pennies. They make 100x that during the time most people get coffee in the morning.
     
  6. Dlist

    Dlist Well-Known Member VIP

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    This makes me sad. My first job out of college was at Hewlett Packard.
     
  7. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    its not the same company anymore. the old HP died when the bitch took over. now its really compaq computers with a different letterhead. nothing they make is even close to the quality they put into their paper clips way back when.
     
  8. Dlist

    Dlist Well-Known Member VIP

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    Yes, you are right. I worked there when we had beer busts on Friday with softball games, and profit sharing. And I was cheering for the chick when she took over, but she really fucked HP up.
     
  9. NotMyBro

    NotMyBro VIP Extreme Gold

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    HP's a shit company now. Absolutely horrible equipment. Parts of US Mil have a contract with them and the computers they delivered were absolutely atrocious. They started falling apart not even 2 months after purchase.
     
  10. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

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    I have an HP 65 (I'm the original owner) that I bought in 1974
    [​IMG]

    It still works exactly as it did when I got it. Even the tape drive works, 40 years later. You're lucky if you get 40 days out of an HP product now.