Siemens’ GC talks to NPR about bribery

Peter Solmssen reflects on the company’s troubles in light of Wal-Mart allegations

Peter Solmssen, GC of Siemens

While Wal-Mart Stores Inc. made big headlines last week when it came to light that executives at its Mexican subsidiary, Wal-Mart de Mexico, may have engaged in rampant bribery, the big-box retailer was far from the first large company to be thrown into the middle of this type of scandal.

In 2007, the Germany-based international technology company Siemens discovered bribery may have been taking place among its sales force, which was accused of shelling out hundreds of thousands of dollars to secure contracts from large companies and governments around the world. The company confronted the matter head-on—hiring an outside law firm to conduct a thorough investigation, which uncovered widespread corruption.


Cathleen Flahardy

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