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by saiya-jin 1980 days ago
You are joking right? It in the rulebook of most sales folks... everywhere. Companies have special budgets for this.

I don't mean some trading-only companies like Cargill who have extra prostitues budgets (at least 5 years ago that was true, and with expensive alcohol parties was the only way to do any business in places like Russia or most 3rd world countries). I mean any kind of bigger corporation. Banks have it. Any kind of finance business does. You won't get far without it.

There are obviously rules, but often they go the other way - employees shouldn't accept bribes in forms of these gifts. But getting clients, that's a free for all, the winner takes all (and biggest bonus).

1 comments

Hmm my company's anti-corruption training material states very explicitly that the only gifts allowed are very minor ones (probably things like company-branded T-shirts or something) and dinners need to be on a modest budget, definitely no paid vacations and the like. Of course, this is just training material which I'm sure they make mandatory primarily to avoid liability, and I'm pretty far removed from the actual sales people in the company. It's entirely possible the training is more what you'd call "guidelines" than actual rules, to paraphrase Hector Barbossa from Pirates of the Caribbean.
how are gifts corruption? It's a business and if you need to spend tons of money to close a high value deal, then that is what is required.