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Walmart Bribery

Walmart U.S. CEO Bill Simon Is Out

The Huffington Post | Alexander C. Kaufman | Posted 07.24.2014 | 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 To Face Shareholder Pressure At Annual Meeting

AP | By ANNE D'INNOCENZIO and MAE ANDERSON | Posted 06.06.2014 | Business

FAYETTEVILLE, Ark. (AP) — Wal-Mart's CEO Doug McMillon said the world's largest retailer's task is to more quickly bring e-commerce together with ph...

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.

Walmart Slammed For Handling Of Bribery Case

AP | RANDALL CHASE | Posted 05.20.2013 | Business

WILMINGTON, Del. -- A judge in Delaware ordered attorneys for Wal-Mart Stores Inc. to turn over more information to shareholders seeking records on ho...

Walmart To Incur Loss From Bribery Probe

AP | Posted 05.27.2013 | Business

NEW YORK — Wal-Mart Stores Inc. said it is `probable' that the world's largest retailer will incur a loss due to ongoing bribery investigations ...

Details Emerge On Wal-Mart Bribery Case

AP | ANNE D'INNOCENZIO | Posted 01.11.2013 | Latino Voices

NEW YORK -- Wal-Mart Stores Inc.'s CEO Mike Duke found out in 2005 that the retailer's Mexico unit was handing out bribes to local officials, accordin...

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?

Wal-Mart: Probe Continues In Mexico Bribery Case

AP | E. EDUARDO CASTILLO | Posted 12.19.2012 | Latino Voices

MEXICO CITY -- Wal-Mart Stores Inc. said Tuesday that it is continuing an internal probe into allegations its Mexico subsidiary paid bribes to get sto...

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...

Getting Hit On All Sides

AP | ERIKA KINETZ | Posted 11.23.2012 | Business

MUMBAI, India -- Wal-Mart's Indian joint venture said Friday it has suspended several employees as part of an internal corruption investigation, anoth...

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...

Walmart's Bribery Likely Not Limited To Mexico

AP | ANNE D'INNOCENZIO | Posted 01.15.2013 | Business

NEW YORK — Wal-Mart Stores Inc. reported a 9 percent increase in net income for the third quarter, but revenue for the world's largest retailer ...

SHAKE UP

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

HuffingtonPost.com | 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 derivati...