Stryker Pays $13.2 Million to Settle Charge

Stryker ($SYK) has agreed to pay $13.2 million to settle charges of overseas bribery.

The Securities and Exchange Commission said that the company tried to mask its $2.2 million bribes in Argentina, Greece, Mexico, Poland and Romania by booking them as legitimate expenses for charitable donations, travel costs and commissions.

The fine is hardly a backbreaker, but I find these allegations troubling.

Posted by on October 24th, 2013 at 11:50 am


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