Word: unwritten
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...newspaper, reported yesterday that the multinational company's representatives allegedly bribed officials from 16 Chinese steel mills who were participating in negotiations over iron-ore prices. The story quoted an unnamed manager at a large steel company who said that Rio Tinto paid for industry data, which was "an unwritten industry practice." Rio Tinto officials denied its employees stole state secrets and said the company's ethics policies forbid bribery...
...financially prudent to ignore the issue, to assume that Helling was an alarmist prone to exaggerating, and to make sure everyone involved knew as little as possible about players injecting hard-core steroids into their asses. Don't ask, don't tell and don't care was the unwritten code...
...Nowhere is that more true than in politics, where Italy's gerontocracy and unwritten party rules co-opt the young with the false promise that they should wait for a few years and their turn will come around. By the time they do finally step up, once aspiring (and inspiring) leaders have long since lost their mojo and forgotten the new ideas they once had. (See pictures of Italy's good life...
...things that made Madoff an attractive figure was that charities benefited from his investment management nearly as much as his wealthy clients did. This was not unlike the unwritten rule at Bear Stearns that partners were to give a large portion of their bonuses to charity. The collapse of Madoff's funds and Bear destroyed what the heads of non-profits had believed for years, which is that the wealthy in society would always be generous enough to help the less fortunate...
According to UC representatives at the meeting, between 100 and 200 students will miss their scheduled exams to travel to Washington, D.C. If the registrar’s office does not oblige their requests, many of these students plan to take advantage of the unwritten exam make-up rule, which gives students a “free pass” to retake an exam they missed...