Act Quote by Andrew Ross Sorkin

“Under the Foreign Corrupt Practices Act, a company is not allowed to provide a personal benefit to a decision maker in return for business. But hiring the sons and daughters of powerful executives and politicians is hardly just the province of banks doing business in China: it has been a…” quote by Andrew Ross Sorkin — Download Open image

“Under the Foreign Corrupt Practices Act, a company is not allowed to provide a personal benefit to a decision maker in return for business. But hiring the sons and daughters of powerful executives and politicians is hardly just the province of banks doing business in China: it has been a time-tested practice here in the United States.”

Andrew Ross Sorkin

About This Quote

Source Article: The Wall Street Journal, “The Corrupt Practices of Hiring” (2023)

Companies often skirt anti‑bribery laws by hiring relatives of officials, a subtle form of influence.

In simple terms: Hiring relatives can be a hidden way to gain favor.

Key Takeaway

Scrutinize hiring practices for conflicts of interest.

Themes

ethics politics business law

Mood

cautious critical

Type

ethical analytical

When to use this quote

recruitment
compliance audits
policy drafting
public procurement

Key Concepts

corporate governance conflict of interest regulation

Questions to Reflect On

What safeguards can prevent indirect bribery?
How do cultural norms affect enforcement?

A Different Perspective

Such practices may be legal but still erode public trust.

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Act Allowed Banks Been Benefit Business Business China China Company Company Allowed Corrupt Corrupt Practices Corruption Daughters Decision Doing Executives Executives Politicians Foreign Foreign Corrupt Hardly Here Hiring Just Maker Personal Politicians Powerful Practice Practices Provide Province Return Sons States United United states

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