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: mexico
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 …
Are Walmart Executives Being Let Off the Hook Already?
New Orleans $24 million in bribes is not a onetime thing, a rounding error, or a mistake in judgment. It is evidence of company policy and a corporate culture. Walmart has proven that it is trying to buy its way into the Mexican marketplace one bribe at a time, many stores at a time. James Stewart, …