Doing ethical business in a culture of corruption
Wednesday, November 24th, 2010
Corrupt Venezuelan officials who ask Rum Santa Teresa Chairman and CEO Alberto Vollmer for bribes get something much different than cash or liquor under the table. The leader of the 200-year-old family distillery offers free enrollment instead to courses on anti-corruption, transparency and human rights. “At first they laugh,” Vollmer said Nov. 16, 2010, during a Thunder Radio interview with MBA student Rodrigo G. Castillo. “But the second or third time you do it, they might go to the course.” Vollmer offered several guidelines for other business leaders facing ethical dilemmas in emerging markets such as Venezuela. | Video: Alberto Vollmer on Thunder Radio (18:55) | Audio Podcast: Alberto Vollmer on Thunder Radio (18:36) | Blog: Alberto Vollmer turns enemies into allies
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