A litany of scandals came to public attention in the wake of the political fallout from Watergate, uncovering slush funds for domestic and foreign bribery. The SEC offered an amnesty for companies admitting to questionable or illegal payments; over 450 US companies admitted making such payments worth over $300m to government officials, politicians and political parties. Over 117 of the self-reporting entities were Fortune 500 companies.
-Andrew Feinstein
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