A News item from Business Respect, Issue Number 12, dated 8 Sep 2001
Unilever and Procter & Gamble have been in conflict over the revelation that
Procter & Gamble obtained highly confidential information on the other's
strategy from corporate spies who took documents from rubbish bins.
Unilever has responded by demanding that Procter & Gamble should open
themselves to a third-party auditor to ensure that it does not act on
information it gained in this way.
The agents apparently broke no laws, although their conduct did violate the
company's code of ethics. When the matter came to light, Procter & Gamble
voluntarily brought the matter to Unilever's attention. It said that it had
pledged not to use the information it gathered. This information was
contained within at least 80 documents detailing Unilever's plans for the
next three years for its US hair care business.
Article source: NY Times
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