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Kraft Heinz fined $62M after SEC says procurement team misled finance

Posted by: ICB
Category: Air Freight, Contract Logistics, COVID-19, Customs Brokers, Freight Forwarding, Ground Freight, Imports, Ocean Freight, SCS Management, Special Offers

Employees, whose performance targets were tied to cost savings, negotiated almost 60 transactions with suppliers that were presented to the company’s controller group in misleading ways, the Securities and Exchange Commission says.  

Author: ICB

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