Tuesday, January 24, 2006

Avoiding Contract Scandals 102

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

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