High Calorie Compliance Lessons from Kraft Foods - a podcast by Tom Fox

Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. This week Matt and Tom take a deep dive the recent SEC enforcement action involving Kraft Foods. While the subject matter of the enforcement action was fraudulent expense recognition, it turns out the real culprit was a corrupt culture. Some of the issues we consider are:

·      What were the underlying facts?·      What does tone at the top really mean?
·      How does management cost cutting mantra lead to corruption? ·      Why is incentive based comp so deterius?
·      What did SEC Commissioner Crenshaw say about this enforcement action?Resources
Matt in Radical ComplianceFood For Thought From Kraft Foods
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