This is the fifth post in our series about IKEA’s charitable contributions in Russia in the 1990s and early 2000s. Today we’re looking at an event that at first glance doesn’t even appear to be a donation.… Continue Reading
Posts Tagged: Charitable Contributions
In this series, we’re looking at IKEA’s charitable contributions in Russia during its expansion there in the 1990s and early 2000s. In Parts Two and Three, I presented quotes from the memoir of the former CEO of IKEA Russia, Lennart Dahlgren.… Continue Reading
I discussed in Part 2 how a donation in line with the interests of deputy governor of Moscow Region, Mikhail Men’, helped IKEA resolve its problems relating to construction of its second store in the Moscow Region.… Continue Reading
This is the second post in a series analyzing IKEA’s charitable contributions during its expansion efforts in Russia during the late 1990s and early 2000s. In the first post, I talked about Lennart Dahlgren’s memoir, Despite Absurdity: How I Conquered Russia While It Conquered Me, which has not been published in English.… Continue Reading
When I was about to go work in Russia in 2012, somebody suggested that I read Lennart Dahlgren’s memoir, Despite Absurdity: How I Conquered Russia While It Conquered Me. Dahlgren, the CEO of IKEA Russia during the late 1990s and early 2000s, was instrumental in establishing the furniture giant there.… Continue Reading
Tullow Oil declared force majeure on its offshore exploration block in Guinea following the disclosure that its partner, U.S.-based Hyperdynamics Corporation, is under investigation by the DOJ and SEC for possible violations of the Foreign Corrupt Practices Act.… Continue Reading
Houston-based oil and gas company Hyperdynamics Corporation said it received a subpoena from the DOJ in September requesting documents relating to its business in the African country of Guinea.
The company said it believes the investigation is focused on whether its ‘activities in obtaining and retaining the Concession rights and [its] relationships with charitable organizations potentially violate the FCPA and anti-money laundering statutes.’… Continue Reading
The SEC said Thursday that medical device and equipment maker Stryker Corporation will pay $13.2 million to resolve FCPA violations.
Michigan-based Stryker bribed doctors and administrators at government controlled hospitals in Argentina, Greece, Mexico, Poland, and Romania, the SEC said.… Continue Reading
Here’s a disclosure by Wynn Resorts from its Form 8-K filed with the SEC earlier this month:
… Continue Reading
On February 13, 2012, Wynn Resorts, Limited (the “Company”) filed a Report on Form 8-K disclosing that it had received a letter from the Salt Lake Regional Office (the “Office”) of the Securities and Exchange Commission (the “SEC”) advising the Company that the Office had commenced an informal inquiry with respect to certain matters, including a donation by Wynn Macau, Limited, an affiliate of the Company, to the University of Macau Development Foundation.
Last month, the Criminal Division of the U.S. Department of Justice and the Securities and Exchange Commission published their long-awaited Resource Guide to the U.S. Foreign Corrupt Practices Act.
At 120 pages, this document is intended to assist companies to navigate seemingly arbitrary rules around what does and does not constitute legal behavior when dealing with overseas business practices.… Continue Reading