3/28/2014

Alcoa is paying a $384 million federal settlement after U.S. authorities found that the aluminum giant had paid bribes to win business in Bahrain. That's a reminder that corruption doesn't pay, at least in the long run, says Wharton professor Philip Nichols. "Their internal controls weren't very good, and it caught up with them," he says. "It was a bad practice, and it yielded costly results."

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