Home
Articles
Photos
Interviews
Forums
New posts
Search forums
Georgia Tech Recruiting
Dashboard
What's new
New posts
New profile posts
Latest activity
Chat
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Georgia Tech Athletics
Georgia Tech Basketball
Arrests coming due to college bball kickbacks
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="YlJacket" data-source="post: 691225" data-attributes="member: 2784"><p>Just a guess but you have to expect Nike believes they will not be seen as "bribes" in the technical definition of bribes. Will be interesting to see. Their other exposure is tax for potentially inappropriate business expenses or an audit/Sarbanes Oxley issue for lack of control over their financial systems (paying out against known incorrect invoices). In both cases the amounts being discussed are so small and not material that I think that risk is really small. I get why the lawyers would want to go down this path - especially when the only real option would be to lie and that leads to much larger potential issues out of perjury.</p></blockquote><p></p>
[QUOTE="YlJacket, post: 691225, member: 2784"] Just a guess but you have to expect Nike believes they will not be seen as "bribes" in the technical definition of bribes. Will be interesting to see. Their other exposure is tax for potentially inappropriate business expenses or an audit/Sarbanes Oxley issue for lack of control over their financial systems (paying out against known incorrect invoices). In both cases the amounts being discussed are so small and not material that I think that risk is really small. I get why the lawyers would want to go down this path - especially when the only real option would be to lie and that leads to much larger potential issues out of perjury. [/QUOTE]
Insert quotes…
Verification
The 2014 ACC Football Championship was played in what city?
Post reply
Home
Forums
Georgia Tech Athletics
Georgia Tech Basketball
Arrests coming due to college bball kickbacks
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…
Top