40 Years Of FCPA: The Siemens Lesson — Tillerson Is Right

Law360, New York (December 6, 2017, 10:02 AM EST) -- Leading up to the 40th anniversary of the Foreign Corrupt Practices Act on Dec. 19, this Expert Analysis series features reflections from attorneys who have played a role in the evolution of FCPA enforcement, defense and compliance.

Peter Y. Solmssen “Siemens!” Jack Welch, then chairman and CEO of General Electric, exclaimed to me at dinner in January 2000. “Siemens is one big goddamned bribe machine!” Roughly at the same time, Peter Clark, then head of the Foreign Corrupt Practices Act enforcement unit at the U.S. Department...
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