If a partner received some money from a candidate (say 100k) and got that candidate into Deloitte, is this a simple against code of conduct or this is a crime?
I was expecting more than $100K at Deloitte since Harvard's ongoing rate is north of $1 MM
Lmao, people are paying 100k to get into Deloitte 😂
Not sure it’s a crime but it can’t be ethical. Or maybe it is because it’s giving unfair advantage to a class of people that has more money?
Of all the things you could do with a 100k, why would anyone want to be hired by Deloitte????
It’s an exchange for service/good that prevents fair competition and hurts the company. That is called bribing.
Like campaign finance 😱?
I just don’t understand people. Some one is willing to pay all that money to get into deloitte? Really? Deloitte?!? Why not go for MBB? If you’re going to bribe your way in, at least aim high. 🤦🏽♀️
It happens. McK’s rate is just higher.
Y'all if I had 100000$ to pay to get a stupid Hugh demand anxiety riddled job, I'd just take a year off and travel with that $$$. Some people are so dumb
Lots of rich people give $1M+ contacts to McKinsey contingent on hiring their kid so not that surprised if someone gives $100K to get their kid hired by Deloitte
It may happen rarely here in the US but fairly common in Asia and not just McK and other prestige consulting shops but investment banks as well.
If only it were a crime for the rich to have unfair advantages
A partner taking 100k to get somebody hired has other issues if it truly is a quid pro quo situation that fits the definition of a bribe. In general most informal situations like donations where quid pro quo is not clear may not fit the definition of a bribe even if unethical.
Bribery, which is the offer of money or gifts in exchange for specific influences or treatments, is something that is often illegal. There are several different factors that are considered when you are trying to determine if a bribe is illegal.
Where did the bribe occur?
This isn't about the physical location at which the offer was made. Instead, what matters is where the bribe would affect. For example, a bribe from a parent to a child wouldn't be illegal in most cases. The bribery of a public official, referee of a sporting event or person in a corporation might be something that runs afoul of the law.
How is it determined if an act is bribery?
There must usually be an element of corruption in order for something to be labeled as bribery. Generally, if a bribery case is brought to court, the prosecution will have to show that there was corrupt intent. This can sometimes be difficult for the prosecution to prove, but it can also be hard for the defense to call into question if there is evidence that the bribe had corrupt intent.
What are some possible penalties for bribery?
The person who was bribed and the person offering the bribe can both be charged with bribery. The possible penalties depend on the circumstances of the case and the exact charges that are present. One example is that a sporting official would face up to five years in prison if he or she was convicted of bribery.
I’ll take 25% on the front end for a referral and 75% on the back end once I get you hired*
*Up-front fee is non-refundable, results may vary
Remember the college scandal ? Lots of rich people paid to get their kids in college - this is that.
It’s illegal. But 😆 he should be fired for bringing in someone dumb enough to pay $100k to get into Deloitte.
Interesting question. Definitely unethical, but a partner in a private company isn’t a public official. Not sure if bribery laws would apply
When banks did something similar it was illegal — https://www.theguardian.com/business/2016/nov/17/jp-morgan-chase-to-pay-264m-over-chinese-princelings-bribery-scheme
This was illegal because they were bribing government officials (i.e., hiring children of government officials in order to gain advantage with the government). A non-government person paying for a job would be considered a private transaction — although certainly unethical.
Happens with D1 football recruiting all the time. That’s how high performing teams are built.
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