Committing espionage and landing on your feet. - ITT
It's a bit convoluted, but the short version is that ITT, in an effort to outsource production and save money, knowingly violated the technology export list giving highly classified night vision technology equipment to the Chinese.
The thing that kicked me was this: The company faces a $100 million fine, BUT, the government has allowed ITT to "offset" the cost of the fine by investing money into new technology.
So, ITT knowingly ships away technology that allows us "to own the night," gets caught, and is allowed to take half the fine and invest it in their own R&D for products that will eventually be sold back to the US government.
That's some sweet settlement, eh?
The thing that kicked me was this: The company faces a $100 million fine, BUT, the government has allowed ITT to "offset" the cost of the fine by investing money into new technology.
So, ITT knowingly ships away technology that allows us "to own the night," gets caught, and is allowed to take half the fine and invest it in their own R&D for products that will eventually be sold back to the US government.
That's some sweet settlement, eh?
posted by mikevotes at
7:09 AM
2 Comments:
Cool! Does this mean I can take my parking tickets to court, and instead of paying them, invest that money into a new car? That would be sweet!w
By
Anonymous, at 7:10 PM
Exactly.
I mean what a sweet deal. Spies go to jail. Corporations get R&D.
Mike
By
mikevotes, at 8:56 PM
Post a Comment
<< Home