GOL’s Bribery Schemes Orchestrated by Board Director (Part II of II)
GOL’s bribery schemes present some interesting lessons. Interestingly, at the center of the bribery scheme was a member of GOL’s board of directors. The bribery scheme was motivated by potential legislation that would benefit GOL and other Brazilian airlines. In 2011, Brazil proposed an economic stimulus consisting, in part, with reduced payroll taxes for labor-intensive industries. To support this reduction, GOL’s director agreed to pay...