New Orleans It still doesn’t mean that Walmart won’t walk away scot-free from its $24 million Mexican bribery scandal (and who knows how much more might have been spent in other countries like India?), but at least some directors may lose their soft perches and have their hands pried loose from the rubberstamps they have …
Tag: China
Pension Funds Demanding Walmart Board Step Down over Mexican Bribery
New Orleans Walmart annual board meetings are legendary dog-and-pony shows with literally thousands traipsing to Bentonville for a Roman circus of entertainment and company spectacle. This meeting next month may have a sharper edge that not even a packed room of handpicked “associates” can stifle. It will be impossible for the board to ignore shareholders …
Chinese Banks, Student Loans, Foreclosures, and Political Impasse
New Orleans Are you kidding me? The Chinese Premier Wen Jiabao called for breaking up the banks because they are making too much money and charging too much interest. It turned out he was actually calling for breaking up banks in China, rather than elsewhere, but how refreshing to have a head of state calling …