| 8 Chamber member companies and what the federal anti-bribery statute has cost them
|
| Siemens AG - Former U.S. Chamber of Commerce board member, paid a record-setting $800 million in 2008 to settle charges that it had paid out some $1.4 billion in bribes to officials in 10 countries. |
| Johnson and Johnson - 2009 U.S. Chamber of Commerce Institute for Legal Reform (ILR) board member, paid $70 million in April
to settle charges that its subsidiaries paid bribes to public doctors
in Greece, Poland and Romania, and paid kickbacks to officials of the
Iraqi government in order to obtain contracts under the U.N. Oil for
Food Program. |
| Chevron - U.S. Chamber member and major donor, paid $30 million in 2007
to settle charges that it made illegal kickback payments to Iraqi
officials in order to obtain contracts under the U.N. Oil for Food
Program. |
| General Electric - 2009 ILR board member, paid $23.4 million last year
to settle charges that it made illegal kickback payments to Iraqi
officials in order to obtain contracts under the U.N. Oil for Food
Program. |
| ACGO Corporation - U.S. Chamber board member, paid $19.9 million in 2009
to settle charges that it made illegal kickback payments to Iraqi
officials in order to obtain contracts under the U.N. Oil for Food
Program. |
| Schnitzer Steel - U.S. Chamber board member, in 2006 paid $15.3 million to settle charges related to cash bribes and other gifts to managers of government-owned steel mills in China. |
| IBM - U.S. Chamber board member, paid $10 million in March to resolve accusations that it had paid bribes and made other improper payments to officials in South Korea and China. |
| El Paso Corporation - U.S. Chamber member paid 7.7 million to settle charges that it made illegal kickback payments to Iraqi officials from whom it was buying oil under the U.N. Oil for Food Program. |
| SOURCES: Chamberwatch, Securities and Exchange Commission, U.S. Department of Justice, FCPA Blog |