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news report
Friday August 30, 2002 13:52
by Jon Wilde
jon.wilde at subdimesnion dot com
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Jump To Comment: 1"Probably the most prominent anti-corruption lobby group is Transparency International. Each year its corruption index gathers publicity as it ranks countries by levels of corruption. That it works out its league table on a fairly random survey of business opinion and doesn't name companies that bribe might not ensure confidence. But far more dubious is the organisation itself. Peter Eigan, a World Bank executive, founded it in 1993. It has an annual budget of $2.5 million. A third of its funding comes from international bodies such as the World Bank. Another third comes from large corporations, including companies such as General Electric, which have been convicted of bribery. According to Eigan, 'We're not a club of angels. Many companies want to stop bribing, but they don't know how to do it. They're frightened of losing all their business to their competitors who will continue bribing. No one wants to stop first.' "
see a slightly out of date article @ http://www.socrev1text.abelgratis.co.uk/pubs/sr252/basketter.htm