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The case alleges widespread corruption and bribery at the company's Mexican subsidiary.
Thanks to bribery at the box office, the tickets are gone even before they go on sale".
Yet, when corruption takes the form of bribery at the firm-level, it may be related to higher income inequality by promoting the existence of less competitive markets.
THE leadership crisis has deepened at Siemens, Europe's biggest engineering group, just as the first convictions for bribery at the company have landed.
Mr. Spitzer has suggested allowing tickets to be resold at any price as long as there is also a crackdown on bribery at the box office.
"There was no complex financial structuring such as you would find among drug smugglers or money launderers," says Mark Pieth, chairman of the working group on bribery at the OECD.
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Some Chinese officials and businessmen are punished for bribery at home; the same should apply abroad.
From the investigation of bribery at Siemens to the prosecution of illicit conduct at Volkswagen, the German business world is undergoing what amounts to a painful national cleansing process — trying to rid itself of patterns of behavior that, it is finding, are not accepted in an increasingly global economy.
But the location must have also reminded investors of the Hollywood-like drama dogging the media company over phone-hacking and bribery at News of the World, a British tabloid owned by News Corporation until it was closed last year.As if they needed reminding.
The departure of a key executive comes at a sensitive time for Rolls-Royce, which disclosed in December that it was cooperating with an investigation by Britain's Serious Fraud Office into alleged bribery at some of the company's Asian business operations.
Wal-Mart has been the subject of a widening investigation into bribery accusations at the retailer's subsidiary in Mexico.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com