Avoiding Contract Scandals 102

January 23, 2006 Jamie Wodetzki Risk and Compliance  

As the old saying goes: It takes two to tango. Which brings us to the second lesson in our contract scandal series.

Lesson 2:

Don't offer a cushy job to the procurement official who just awarded you a contract at an inflated price.

Failure to heed this lesson cost former Boeing CFO, Michael Seers, his job. And it landed him a four-month prison sentence. All because he offered Darleen Druyan a job at about the same time she awarded his company a $23 billion contract.

Sears cops 4 months

Jamie Wodetzki is Exari’s Co-founder and Chief Product Officer.