How the American takeover of a French national champion became intertwined in a corruption investigation
A DOJ corruption investigation into Alstom ended in 2014 with GE’s $17bn takeover of the French company. Over the past decade, American legal and regulatory authorities have subjected scores of large foreign companies to extraterritorial actions. Paying large fines, which can exceed $1bn, has often been the only way finally to settle such accusations of serious misconduct—typically, corruption or breaching sanctions—outside America. As a result, many bosses and executives are quietly paranoid about the long arm of American sheriffs. (Suite).