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Walmart Bribery

Walmart U.S. CEO Bill Simon Is Out

The Huffington Post | Alexander C. Kaufman | Posted 07.25.2014 | Business

Walmart’s U.S. chief Bill Simon is leaving the company after a rough four years. The 54-year-old will be replaced by Greg Foran, 53, Walmart’s ...

Walmart Is Footing One Huge Legal Bill

Reuters | Posted 02.03.2014 | Business

By Aruna Viswanatha WASHINGTON, Dec 4 (Reuters) - Wal-Mart Stores Inc is paying for lawyers to represent more than 30 of its executive...

Walmart and the Mayoral Field Give D.C. the Bait-and-Switch

Sam Jewler | Posted 10.06.2013 | DC
Sam Jewler

The real bait-and-switch is happening right now, as politicians who once called for city-wide agreements and reasonable wages at local Walmart stores -- including the mayor and two mayoral candidates -- switch their rhetoric and their votes.

Why U.S. Workers Need Guest Worker Whistleblowers

Saket Soni | Posted 07.29.2013 | Politics
Saket Soni

When employers can get away with exploiting guest workers, it drives down wages and conditions for all by forcing U.S. workers into a race to the bottom.

Report: Walmart CEO Knew Of Bribery Allegations YEARS Ago

Reuters | Posted 03.12.2013 | Business

WASHINGTON/CHICAGO (Reuters) - Lawmakers on Thursday released emails that appeared to show Wal-Mart Chief Executive Mike Duke knew as far back as 2005...

The Walmart Corruption Scandal: Watershed Moment for Mexico?

Jenik Radon, Esq. | Posted 03.02.2013 | World
Jenik Radon, Esq.

Will he take up the fight and turn the Walmart scandal into a catalyst for reform? President Peña must give life to his anti-corruption agenda.

Money Launderers and Corporate Bribers Must Be Brought to Justice

Frank Vogl | Posted 02.26.2013 | Crime
Frank Vogl

The punishment needs to fit the crime, but are some giant multinational corporations now so large that they no longer can be punished effectively?

Walmart's Breathtaking Bribery Revealed

Reuters | Posted 12.18.2012 | Business

NEW YORK (Reuters) - Wal-Mart Stores Inc's Mexican affiliate routinely used bribes to open stores in desirable locations, according to a New York Time...

BP Gets Slap On The Wrist, Others Still Suffer

The Huffington Post | Jillian Berman | Posted 11.16.2012 | Business

Mark Gongloff is off the newsletter this morning so today's 7.5 Things are brought to you by Jillian Berman. Thing One: BP's Fine Kind Of NBD: In t...


Reuters | Posted 12.25.2012 | Business

* Creates new position of global chief compliance officer * Changes come amid bribery investigation in Mexico * Centrali...

Ministry Rules Bribes Can't Be Tax Deductible

The Huffington Post | Harry Bradford | Posted 09.04.2012 | Business

Sorry, Russian business executives: writing off bribes as tax deductions just isn’t going to fly. That’s what the Russian Finance Ministry rece...

Facebook Loses A Lot Of Friends, And Money

The Huffington Post | Jillian Berman | Posted 08.17.2012 | Business

You may be wondering why 7.5 things felt a little different this week. HuffPostBiz's financial news guru Mark Gongloff is off enjoying some rest and r...

Alice Hines

Walmart Not Handing Over Docs To Congressmen Despite Repeated Pleas | Alice Hines | Posted 08.15.2012 | Business

After sending three angry letters to Walmart, two congressional committees are now threatening to use the most dangerous weapon they have in their ars...

Lawmakers: Walmart May Have Engaged In Bribery, Money Laundering, Tax Evasion

Reuters | Posted 10.14.2012 | Business

* Lawmakers probing allegations of bribery in Wal-Mart's Mexico unit * Wal-Mart also cooperating with DOJ, SEC on probe ...

Leadership Lessons From Wal-Mart's Bribery Scandal

Dana Radcliffe | Posted 09.15.2012 | Business
Dana Radcliffe

This story of a deplorable leadership failure at one of the world's largest companies is a cautionary tale for corporate executives.

Wal-Mart's Legal Bribery

Peter Dreier | Posted 08.21.2012 | Politics
Peter Dreier

Wal-Mart's single-minded goal in the United States is the same as it is in Mexico: open more stores and generate more revenue -- especially in urban areas, the company's next frontier. But it hasn't been easy.

It's the Trust Level, Stupid

Greg Link | Posted 08.15.2012 | Business
Greg Link

Trust is a skill -- a career critical skill in today's volatile new economic reality. Trust has become the new currency of the global economy.

The Lawsuits Against Walmart Keep Piling Up

Reuters | Posted 08.11.2012 | Business

By Jessica Wohl June 11 (Reuters) - New York City's pension funds on Monday became the latest group to file a derivative lawsuit again...

Amid Bribery Scandal Walmart Encourages 'Integrity' At Employee Rally

Reuters | Posted 07.30.2012 | Business

* Wal-Mart international executives cheer on employees * Talk of Mexico bribery scandal largely avoided * Wal-Mart share...

Major Shareholder To Vote Against Walmart CEO In Wake Of Scandal

Reuters | Posted 07.23.2012 | Business

By Jessica Wohl May 23 (Reuters) - CalPERS, the biggest U.S. public pension fund, said on Wednesday it plans to vote against nine Wal-...

America's Second Largest Pension Fund To Vote Against Walmart Board

Reuters | Posted 07.22.2012 | Business

* CalSTRS to vote against all Wal-Mart board members * Proxy firms advise votes against CEO, others * Wal-Mart shares hi...

Lawmakers Frustrated By Lack Of Cooperation In Bribery Probe

Reuters | Posted 07.21.2012 | Business

* Wal-Mart briefed panel on compliance program * Cummings, Waxman want information on bribery allegations By Aruna Viswa...

Customer Finds Surprise Under Her Car After Walmart Oil Change

The Huffington Post | Harry Bradford | Posted 05.18.2012 | Business

A Walmart customer says she found an unpleasant surprise after taking her car to the retail giant for an oil change. A Fort Worth, Texas woman, kn...

Apparently Bribery Allegations Aren't Hurting The Bottom Line

Reuters | Posted 07.17.2012 | Business

* Q1 EPS $1.09 vs Wall Street view of $1.04 * Walmart U.S. same-store sales up 2.6 pct * International bribery probe ong...

Website Is A Forum For Walmart Critics Of All Stripes

The Huffington Post | Alice Hines | Posted 05.12.2012 | Business

It's like YouTube, if every video were about Walmart. Nearly three weeks after Walmart was accused of bribing government officials in Mexico, a n...