In fact I believe that in India and in countries where the rule of law is a gleam in some reformer's eye, large corporations such as Citibank actually employ small time crooks to implement at least some of their policies and help ensure that their bottom-lines stay healthy and their "meter keeps ticking"
When it comes to public image, presumed guilt from a false allegation is just as damaging to a large corporation as real guilt from a real crime. For exactly the same reason, the appearance of being innocent and upright is more important than the nitty gritty of whether they are really guilty or not. I was reading a random article in the newspaper in the last two days in which the author contrasted the way in which corporations dealt with damaging allegations. Soft drink manufacturers in India (Coke/Pepsi?) tried to deny and wish away stories of pesticide in the water they used. Cadbury's OTOH responded to reports of worms in chocolate by packaging overkill (even the customer can't get the chocolate easily). Apparently the latter did a much better job of protecting their sales. I have no figures to know if that is true. shiv On Tuesday 30 Oct 2007 10:09 pm, Venky TV wrote: > On 10/30/07, Udhay Shankar N <[EMAIL PROTECTED]> wrote: > > shiv sastry wrote: [ on 09:23 PM 10/30/2007 ] > > > > > > operators selling hacked iPhones. This is bound to be illegal. > > > > Still amazed that something like this made it into Citibank's offers > > > > to its cardmembers! > > > > > >Is there a presumption here that Citibank's activities are all above > > > board? > > > > The presumption, at least from my side, is that as a large MNC, > > Citibank is likely to be subject to more scrutiny (and has more to > > lose) than a fly-by-night operator. > > Exactly. I don't expect big business to be "trustworthy". They just > happen to have a lot more to lose from actions like these. Apple > would find it much more difficult to go after the small time crooks as > compared to a Citibank partner. I'm sure there would be a lot of > small print absolving Citibank of any actual responsibility, but some > of the mud is bound to stick. > > Venky.
