ShmoopTube

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Finance allah shmoop What are kickbacks He okay Okay It's

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Not that it's This dark worf at midnight A car

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with no place The nervous guy in the suit He's

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thie it or information technology Head buyer for the bank

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shmoop nar go he's the decision maker on buying three

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billion dollars worth of database software And then there's this

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guy just out of the car He's the head of

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sales of del fi databases are us He'll make a

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three percent or ten million dollar commission on this ten

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year contract If it goes through all it takes is

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this little bit of wd forty to make the wheels

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turn a briefcase full of one hundred grand in unmarked

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bills Yeah That's the grease this dough to the buyer

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It's a kickback and it's an obvious one In real

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life kickbacks are way more insidious secretive clever head of

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sales of del fi owns a beach house in the

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hamptons Maybe he you know lets his buyers stay there

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on weekends And maybe he provides them with well all

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kinds of recreation You can let your mind wander So

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sound like a ludlum me kind of ah spy novel

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With corporate intrigue well guess what This happens all the

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time that's happened a big companies and little hewlett packard

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and oracle and others they've all come down with sales

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People being nailed exacts being fired and businesses well continuing

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to practice this practice more or less The big problem

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Foreign markets yeah there they do kick back so just

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kind of a regular part of doing business So if

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we're trying to play by our rules in america and

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imposing them on some small struggling nation where the people

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are desperate to simply make enough money to feed their

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children wealth and how we think about the morality of

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kickbacks we know this guy's position on the matter We

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should remember that from inside the jail bars when we're 00:01:57.722 --> [endTime] nailed

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