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Essay

Ethical Reveiw of Lockheed deal

Essay specific features

 

Issue:

Philosophy

 

Written by:

Kenneth J

 

Date added:

May 31, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 670

 

Was viewed:

6058 times

 

Rating of current essay:

 
Essay content:

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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