Tag Archives: Companies
An Apology From Toyota’s Leader
Business Strategy – Washington — Akio Toyoda, the president of Toyota, was billed as the main attraction at a House hearing Wednesday into the company’s recalls of millions of cars — recalls for which he profusely apologized and took personal responsibility.
But the transportation secretary, Raymond LaHood, offered more surprises in testimony that was sometimes heated, [...]
Bribes Let Tomato Vendor Sell Tainted Food
Business Strategy – Robert Watson, a top ingredient buyer for Kraft Foods, needed $20,000 to pay his taxes. So he called a broker for a California tomato processor that for years had been paying him bribes to get its products into Kraft’s plants.
The check would soon be in the mail, the broker promised. “We’ll have [...]