Hyundai Motor Chief Sorry for Scandal
http://www.forbes.com/technology/feeds/ap/2006/04/07/ap2656979.html

The head of Hyundai Motor Co. apologized Saturday
for the trouble caused by allegations that his
company created slush funds to bribe government officials.

Hyundai Chairman Chung Mong-koo made the comments after
returning to South Korea early Saturday from the United States.
He was greeted at the airport by dozens of Hyundai officials
who escorted him to a waiting vehicle.

The probe grew out of a scandal surrounding Kim Jae-rok,
a lobbyist who was arrested last month on charges of
receiving money from businesses in exchange for promises
he would use his connections with influential figures to
win favors.

Prosecutors suspect Hyundai of paying Kim billions of
won (millions of dollars, euros) from slush funds to
gain his help in winning construction approvals and permits.

Chung said he is not close to Kim, the lobbyist, describing
their relationship as
"no more than shaking hands while passing by."
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Bush said the same thing about Abramoff.

CEO Bill Ford award down 40%
http://www.freep.com/apps/pbcs.dll/article?AID=/20060408/BUSINESS01/604080322

Ford Motor Co. Chairman and CEO Bill Ford,
who told shareholders in May that he would
not take any salary, bonus and other awards
until the company's automotive operations
are profitable, received other compensation
totaling $13.3 million last year, according
to a regulatory filing Friday.