Posted on 08/05/08
BAE bends on scandal, but it's business as usual in arms trade
LONDON -- BAE Systems' statement to Lord Woolf that in the past it had failed to pay "sufficient attention to ethical standards and avoid activities that had the potential to give rise to reputational damage" was an earthquake for the company. The comment was cited by the High Court judge in a report on his examination of BAE's business ethics, the latest chapter in a long saga of accusations, litigation and political scandal over the arms dealer's Middle East business.
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