David Montero on Exposing The Global Corporate Bribery Network
In the past ten years, the Department of Justice has brought more than 150 cases against large corporations under the Foreign Corrupt Practices Act (FCPA), collecting billions of dollars in fines.
What impact is that body of work having on deterring foreign bribery? Not much. Why not? In part because the fines against the corporations are not big enough to deter corporate bribery. In part because the fines are not used to heal the injuries caused in countries where the bribes were paid. And in part because executives of major multinationals are not going to jail for the bribery committed in the name of their corporations.
In his new book, Kickback: Exposing the Global Corporate Bribery Network (Viking, 2018), David Montero takes a deep dive into foreign bribery and the U.S. government’s anemic response. (Suite).