International Business extortion: hire the son of the President as a working partner?
TOPIC: International business – bribery
Case: I am in charge of negotiating an agreement in ASIA with the state-owned electricity company to build and own a manufacuturing plant. It has been suggest that I include one of the sons of the President as a partner in the project. The son is a partner in many important companies even though I do not know of him having any business skills. The son of the president request 15% of the equity and would be willing to take out a loan from your parent for the shares. The loan would be paid down with dividends on the shares he would hold.
Question: Would you make him a partner, why or why not?