Microsoft to pay $26 million to settle claims of violating the Foreign Corrupt Practices Act

Microsoft has come to an agreement with the US Justice Department and the SEC because of employee misconduct in Hungary. The company was to face a probe over violations of the Foreign Corrupt Practices Act. In agreeing to pay this money, Microsoft is neither really admitting guilt nor denying the claims made against it, and company President and Chief Legal Officer Brad Smith has written to all employees saying: "There is no room for compromise when it comes to ethical business practices". See also: Microsoft plows $1 billion into OpenAI partnership Microsoft is ripping SMS Connect from Skype... Again Microsoft… [Continue Reading]