Word: subcontractors
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...hurt by rampant payoffs because they distort competition. "There is significant corruption in the industry," Alan Boeckmann, chief executive of U.S. construction giant Fluor, tells TIME. Some big players, including Bechtel and Halliburton - which last week fired two employees for allegedly taking $6 million in kickbacks from a Kuwaiti subcontractor - declined to participate, but with an accord now in place there is growing pressure to sign up. Will the pledge be enforced? We'll see. "We all know this is just a first step," Boeckmann acknowledges. Best-Laid Plans Amid declining productivity and rising unemployment, the E.U. Commission warned member...
...former Harvard janitor who filed a sex discrimination complaint against a University subcontractor in April was rehired earlier this month...
Such a security force would likely be composed wholly of guards from Harvard’s current subcontractor, Security Services Incorporated...
...former Harvard janitor filed a sex discrimination complaint against a University subcontractor last month, sparking protest from her union and student activists against the University on Friday...
Jean-Luc Lagardere trained as an engineer at Marcel Dassault's aircraft-design business in the 1950s and went on to run a small Dassault subcontractor called Matra. In 1980 he diversified into media by acquiring magazine group Hachette and today publishes 222 titles, including Paris Match, Car and Driver and Elle. A foray into TV almost bankrupted Matra, but it recovered, and the publicly traded firm--now called Lagardere Group--with $14 billion in annual sales is weathering the economic downturn. Through aggressive dealmaking, he has spun his stake in Matra into a 15% share of EADS, which makes...