Ethical Reveiw of Lockheed deal

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Written by:

Kenneth J


Date added:

May 31, 2012








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3 / 670


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At the time of his deal, no laws were in place prohibiting any forms of bribery. Therefore legally speaking, no laws were broken to create this deal. The decision to take part in paying the bribes to the Japanese politician was not illegal; bribes were an important factor in many Lockheed international business deals during the 1970's...
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The economic impact for Lockheed was gigantic. At the time of this deal Lockheed needed contracts; the company was headed towards bankruptcy; only avoiding bankruptcy by getting a loan from the U.S. government. If Lockheed was able to land the deal with the Japanese, revenues of $400 million would be seen...
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