After Bribery Scandal, High-Level Departures at Walmart
Source: New York Times
Thomas A. Mars, formerly the chief administrative officer for Walmart in the United States, stepped down. José Luis Rodríguezmacedo Rivera, once the general counsel at Walmarts Mexican division, quietly left the company. And H. Lee Scott Jr., who was Walmarts chief executive, will retire from the board this month.
These men belong to a list of executives from the uppermost reaches of Walmarts management who held critical positions when corruption scandals engulfed the companys international division. Come July, almost every person on that list will no longer be with the company but no departure has been cited by Walmart as a way to clean house after those scandals.
It has been more than two years since accusations of widespread bribery surfaced about Walmart de México, drawing a host of investor lawsuits and a United States government investigation into Walmarts global operations. The companys financial outlay is closing in on nearly half a billion dollars as it deals with external and internal inquiries, which were set in motion by an investigation published by The New York Times.
Read more: http://www.nytimes.com/2014/06/05/business/after-walmart-bribery-scandals-a-pattern-of-quiet-departures.html
Thought I should add more gasoline to the fire...
SoapBox
(18,791 posts)Was how they were altering the time card records, so that workers never got one cent of overtime.
And it was widespread through out the company...who went to jail over that?
Oh ya, no one...slap to the hands and a couple million dollar fine...nothing.
47of74
(18,470 posts)To them jail is for the hourly minimum wage employees, not the managers.
WhiteTara
(29,722 posts)Bickle
(109 posts)Resignation is the same as ten years in prison
wolfie001
(2,265 posts)....running out of towns and cities to destroy.