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Re: Wal-Mart Hushed Up Vast Mexico Bribery Case After Top-Level Struggle

By: oldCADuser in FFFT | Recommend this post (0)
Sat, 21 Apr 12 11:32 PM | 38 view(s)
Boardmark this board | Food For Further Thought 		Msg. 40969 of 65535
(This msg. is a reply to 40967 by clo)
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Let's see what happens next.

Several years ago, before we were acquired by Siemens, they got caught up in a bribery scandal which eventually resulted in 2 CEO's being fired for cause, one of them was later taken to court by the corporation and sued for $5 million. I suspect that nothing like that will happen to anyone at Wal-Mart. Perhaps a couple of low-level execs will be made examples of for the sake of the media, but that will be about it.




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The above is a reply to the following message:
Wal-Mart Hushed Up Vast Mexico Bribery Case After Top-Level Struggle
By: clo in FFFT
Sat, 21 Apr 12 10:54 PM 		Msg. 40967 of 65535

Wal-Mart Hushed Up Vast Mexico Bribery Case After Top-Level Struggle

An investigation by The New York Times examines a vast bribery case by Wal-Mart
in Mexico and describes a prolonged struggle within the company that pitted its
much publicized commitment to the highest moral and ethical standards against
its relentless pursuit of growth.

Wal-Mart became aware of the situation in Mexico from a former executive, who
explained how the company’s Mexican division had orchestrated a campaign of
bribery to win market dominance. But instead of deciding to expand an internal
investigation, Wal-Mart’s leaders decided to shut it down.

Read More:
http://www.nytimes.com/2012/04/22/business/at-wal-mart-in-mexico-a-bribe-inquiry-silenced.html?emc=na

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