ShmoopTube

Where Monty Python meets your 10th grade teacher.

Search Thousands of Shmoop Videos


Trading Videos 376 videos

Finance: What is a Warrant?
8 Views

What is a warrant? Hit play to find out.

Finance: What is a Rights Offering?
6 Views

Rights offerings are essentially hostile takeover defenses. Unfortunately, they're not as cool as swords and shields.

Finance: What is Devaluation?
1 Views

What is Devaluation? The process by which a nation deliberately lowers the value of its currency relative to other international currencies is call...

See All

Finance: What are Kickbacks? 1 Views


Share It!


Description:

What are kickbacks? Well, they're things we don't get for working at Shmoop, that's for sure. Hit play to find out more.

Language:
English Language

Transcript

00:00

Finance allah shmoop What are kickbacks He okay Okay It's

00:08

Not that it's This dark worf at midnight A car

00:14

with no place The nervous guy in the suit He's

00:16

thie it or information technology Head buyer for the bank

00:21

shmoop nar go he's the decision maker on buying three

00:25

billion dollars worth of database software And then there's this

00:29

guy just out of the car He's the head of

00:31

sales of del fi databases are us He'll make a

00:34

three percent or ten million dollar commission on this ten

00:37

year contract If it goes through all it takes is

00:40

this little bit of wd forty to make the wheels

00:44

turn a briefcase full of one hundred grand in unmarked

00:47

bills Yeah That's the grease this dough to the buyer

00:50

It's a kickback and it's an obvious one In real

00:53

life kickbacks are way more insidious secretive clever head of

00:58

sales of del fi owns a beach house in the

01:01

hamptons Maybe he you know lets his buyers stay there

01:05

on weekends And maybe he provides them with well all

01:09

kinds of recreation You can let your mind wander So

01:12

sound like a ludlum me kind of ah spy novel

01:15

With corporate intrigue well guess what This happens all the

01:19

time that's happened a big companies and little hewlett packard

01:22

and oracle and others they've all come down with sales

01:25

People being nailed exacts being fired and businesses well continuing

01:30

to practice this practice more or less The big problem

01:33

Foreign markets yeah there they do kick back so just

01:36

kind of a regular part of doing business So if

01:39

we're trying to play by our rules in america and

01:42

imposing them on some small struggling nation where the people

01:46

are desperate to simply make enough money to feed their

01:48

children wealth and how we think about the morality of

01:51

kickbacks we know this guy's position on the matter We

01:54

should remember that from inside the jail bars when we're 00:01:57.722 --> [endTime] nailed

Related Videos

GED Social Studies 1.1 Civics and Government
39794 Views

GED Social Studies 1.1 Civics and Government

Fake News
11938 Views

How do you tell fake news from real news?

Finance: What is Bankruptcy?
260 Views

What is bankruptcy? Deadbeats who can't pay their bills declare bankruptcy. Either they borrowed too much money, or the business fell apart. They t...

Finance: What is a Dividend?
1777 Views

What's a dividend? At will, the board of directors can pay a dividend on common stock. Usually, that payout is some percentage less than 100 of ear...

Finance: How Are Risks and Rewards Related?
589 Views

How are risk and reward related? Take more risk, expect more reward. A lottery ticket might be worth a billion dollars, but if the odds are one in...