Conversations with an Arms Dealer
The French are feeling the fallout from the allegations of corruption in France and internationally, brought against engineering giant Thales by Michel Josserand, a former manager at a Thales unit.Last week in Le Monde…Michel Josserand, former chief executive of Thales Engineering and Consulting, or THEC, said in an interview with newspaper Le Monde that the paying of bribes by Thales was widespread — in violation of French law and international conventions.”I estimate that Thales must pay out between 1 percent and 2 percent of its global revenue in illegal commissions,” he said.