High Calorie Compliance Lessons from Kraft Foods

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 Compliance Food For Thought From Kraft Foods Learn more about your ad choices. Visit megaphone.fm/adchoices