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Good ethical common sense will give you the right answer every time.’

Good ethical common sense will give you the right answer every time.’

Stanley Sporkin forced changes in corporate behavior in the 1970s as a crusading enforcement chief at the Securities and Exchange Commission who cracked down on bribery of foreign officials.

What worried him, Mr. Sporkin said in 1976, was the effect it had on young people going into business: “They are being trained to be crooks, trained to falsify records, trained to pay bribes, trained to file fraudulent tax returns.”

When he became the SEC’s enforcement chief in 1974, Mr. Sporkin led a probe into slush funds. His investigators found evidence that Exxon, Lockheed, 3M and hundreds of others had made questionable payments overseas.

The findings spurred Congress to pass the Foreign Corrupt Practices Act of 1977, barring companies from paying foreign officials to win business.

He trusted his instincts. “By and large,” he told the Associated Press in 1974, “good ethical common sense will give you the right answer every time.”

本文节选自华尔街日报 2020-03-27

https://www.wsj.com/articles/sec-enforcer-stanley-sporkin-cracked-down-on-corporate-bribery-11585241568?mod=business_minor_pos6

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Harvey Yan

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