Farnam Street helps you make better decisions, innovate, and avoid stupidity.

With over 400,000 monthly readers and more than 93,000 subscribers to our popular weekly digest, we've become an online intellectual hub.

Greasing palms

Another example of bribing the purchasing agent. From the NYT

The scheme, as laid out by federal prosecutors, has two parts. Officials say that Mr. Salyer and others at SK Foods greased the palms of a handful of corporate buyers in exchange for lucrative contracts and confidential information on bids submitted by competitors. This most likely drove up ingredient prices for the big food companies.

Learn the incentives so you don’t get taken for a fool. Subscribe to Farnam Street Email, RSS, or Twitter.

Full Story.

Shop at Amazon.com and support Farnam Street

Filed Under: