infolio

Chapter 24 - I stop using family vendors automatically

The audit changed our companies.

No automatic contracts because of surname.

Family-owned vendors could still bid.

They had to disclose:

Ownership.

Referral payments.

Rebates.

Commissions.

Related-party relationships.

Event credits.

Procurement committee reviewed meaningful contracts.

Boring.

Excellent.

At the first independent review, one cousin complained:

“You’re treating us like strangers.”

I answered:

“I’m treating you like vendors.”

He said:

“That’s insulting.”

No.

May you like

It was professional.

Family status should not lower standards when money changes hands.

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