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Today’s sadly-ironic headline

April 9, 2014 by Jeff (ILoveCapitalism)

HP pays $108 million to settle foreign bribery probes:

WARSAW/WASHINGTON (Reuters) – Hewlett-Packard agreed to pay $108 million to resolve wide-ranging U.S. government investigations into whether some of its foreign units bribed government officials to obtain lucrative contracts, U.S. officials said on Wednesday.

HP’s Russia subsidiary pleaded guilty…Polish and Mexican units of the computing giant also resolved U.S. criminal charges related to contracts they had won in those countries…

Get it?

  1. Foreign companies (owned by HP) paid fees that foreign officials demanded of them. Everyone called these fees “bribes” in order to displace the guilt, that is, to hide the extortion aspect.
  2. U.S. officials were jealous so they, in turn, demanded and got $108 million from HP. Everyone called these fees “settling criminal charges under the Foreign Corrupt Practices Act”, again in order to displace the guilt, that is, to hide the bottom-line extortion aspect.

Filed Under: Big Government Follies, Crony Capitalism Consequences Tagged With: Big Government Follies, bribery, Crony Capitalism Consequences, extortion, hewlett-packard

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