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Report on Exchanges - INSEAD CALT

Report on Exchanges - INSEAD CALT

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me represents a risk to the image that a racing team (which is playing in a sector where image is veryimportant) cannot takeWith best regardsSilvanoSilvano VegliaFederal-Mogul Italy S.r.l.Product Marketing Director - BrakingVehicle Comp<strong>on</strong>ent Soluti<strong>on</strong>sOffice +39 045 82 81 324Mobile +39 335 69 92 886Fax +39 045 82 81 510VOIP 360 1324email silvano.veglia@federalmogul.com…whilst Leif Olav recommends signing with Bauer after clarifying the ethical questi<strong>on</strong>sthrough clauses in the c<strong>on</strong>tract…De : Saetenes, Leif Olav [mailto:Leif.Olav.Saetenes@CGG.com]Envoyé : vendredi 7 juin 2013 14:03Dear Albert,This is clearly a dilemma. There is a reputati<strong>on</strong>al risk at stake for Eagle Racing should such a media stormdevelop around Bauer. However, this is the business of racing (rough) so the impact of the decisi<strong>on</strong> maynot hit Eagleracing as hard as any other business would do if worse comes to worst.I would say that the situati<strong>on</strong> is then at an ethical for Eagle racing. As l<strong>on</strong>g as the business of Eagle Racinghas a clear view of not executing prejudice they can accept the deal but make it clear to Bauer that whatthe ethical guidelines of Eagle really are and let them comment before signing.The Goodbridge deal is not sufficient for the healthy finances of Eagle Racing so I would have signedBauer with a clear statement of view from Eagle. (assuming the finances of Bauer are solid)BRGDSLeif OlavLeif Olav SaetenesVice President – Regi<strong>on</strong>al Acquisiti<strong>on</strong> Manager / Site Manager BergenMarine Business Line - EAMECGGCarl K<strong>on</strong>ows gate 345162 Laksevåg, Bergen - NorwayT +47 56 11 31 70M +47 93 09 96 70www.cgg.comAAA/<strong>INSEAD</strong>/062013 - 11

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