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The Solid Gold Rolex

When I first started doing business overseas, I had a lot to learn. What did I know about the world? Fortunately, I wanted to learn, but along the way I made at least one major gaffe.

My company had several licensees throughout South and Central America, and my first meeting was with a shirt-manufacturing company in a country that shall remain nameless.* It licensed the Van Heusen name for shirts to be sold in its territory. The owners of the company were also connected in government, and they had been doing business with ...

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