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Wal-Mart Board Ignores Shareholder Dissatisfaction About Mexico Bribery Allegations
June 6th, 2012
In April, The New York Times published the revealing story about Wal-Mart’s alleged bribery activity involving its largest subsidiary, Wal-Mart de Mexico. Now, nearly a month and a half since the article was published in the NY Times, many shareholders of Wal-Mart have displayed dissatisfaction. In a shareholders meeting on Friday, June 1, in Fayetteville, Arkansas, a vote for the Wal-Mart Board of Directors illustrated the rising disapproval of Wal-Mart’s actions.
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Foreign Bribery and Wal-Mart: Not a Victimless Crime
May 3rd, 2012
The fallout from the scandal surrounding the discovery that Wal-Mart headquarters suppressed an internal investigation when it discovered its Mexican subsidiary had been systematically paying bribes has been swift and significant. According to an investigative piece in the New York Times, Wal-Mart used bribes not only to obtain permits for its stores, but to reduce the time required for those permits, from months to days or weeks. The public outcry to denounce the corporation has been loud. But not everyone has joined the opprobrium. Many have said, either implicitly or explicitly, that Wal-Mart was doing business the way business needs...
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