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Tue Apr 24, 2012, 03:27 AM

After bribery report, Walmart defends integrity

Source: Los Angeles Times

Published Tuesday April 24, 2012
After bribery report, Walmart defends integrity
The Los Angeles Times

LOS ANGELES — Walmart Stores Inc. said it’s a stickler for integrity, issuing a lengthy response to a report that the massive retailer shut down an investigation into alleged bribery in its Mexico operations.

“In a large global enterprise such as Walmart, sometimes issues arise despite our best efforts and intentions,” the company said.

The “issues” in question: The chain’s possible violation of the Foreign Corrupt Practices Act, based on what one informant claimed was rampant bribery from Walmart executives attempting to boost the company’s growth in Mexico.

The huge retailer has been emphasizing in recent years its transformation into a conscientious global citizen, touting its eco-friendly efforts and commitment to healthful, justifiably sourced products.

Read more: http://www.omaha.com/article/20120424/MONEY/704249936

11 replies, 2069 views

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Arrow 11 replies Author Time Post
Reply After bribery report, Walmart defends integrity (Original post)
Judi Lynn Apr 2012 OP
IndyJones Apr 2012 #1
Sherman A1 Apr 2012 #2
IndyJones Apr 2012 #3
quakerboy Apr 2012 #4
IndyJones Apr 2012 #5
hobbit709 Apr 2012 #6
FailureToCommunicate Apr 2012 #7
A wise Man Apr 2012 #8
melm00se Apr 2012 #9
closeupready Apr 2012 #10
bayareaboy Apr 2012 #11

Response to Judi Lynn (Original post)

Tue Apr 24, 2012, 03:38 AM

1. How about a 100% tax/penalty for the same amount paid in bribes?

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Response to IndyJones (Reply #1)

Tue Apr 24, 2012, 04:13 AM

2. How about yanking their corporate charter

I think that would be much, much more effective.

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Response to Sherman A1 (Reply #2)

Tue Apr 24, 2012, 04:26 AM

3. That sounds good, too. I have no love for Walmart. Never shop there or Sam's Club.

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Response to IndyJones (Reply #1)

Tue Apr 24, 2012, 04:37 AM

4. That wouldn't even sting.

Its small change to Walmart.

How about a new law that any company who breaks the law loses all tax benefit otherwise available from the from the US government for the year. And that they face fines of at least 10 times the benefit of any wrong doing. As well as having to directly reimburse any injured private parties at least 10 times the damage they caused. And that CEO's who can be shown to sign off on illegal activities can be personally prosecuted.

That might leave a mark. At the least, they would get a lot more circumspect about hiding the wrongs they do.

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Response to quakerboy (Reply #4)

Tue Apr 24, 2012, 05:04 AM

5. I like your idea better.

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Response to Judi Lynn (Original post)

Tue Apr 24, 2012, 06:49 AM

6. Integrity and Walmart in the same sentence?

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Response to hobbit709 (Reply #6)

Tue Apr 24, 2012, 08:56 AM

7. My first reaction also!

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Response to Judi Lynn (Original post)

Tue Apr 24, 2012, 09:03 AM

8. Not surprised

 

WALMART Still funds "ALEC"

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Response to Judi Lynn (Original post)

Tue Apr 24, 2012, 09:08 AM

9. WalMart isn't the problem

here (but they do create plenty of problems). Greasing palms is the traditional way of getting things done south of the border.

Mexicans spent a whopping US$2.58 billion in bribes in 2007, some 42% more than they doled out just two years ago, according to a poll released Wednesday.

The survey, conducted by the non-profit group Transparency Mexico, showed that 197 million bribes were paid nationwide in 2007 — compared to 115 million in 2005.

USA Today 4/16/2008


"LA MORDIDA", translation "the bite" is the term used for a bribe in this country. It is the traditional and customary way of getting things done. The bureaucrat who does your bidding takes a bite out of the cost of completing your objective. Mexican reformers are trying to change this condition with little success. It is so institutionalized that it could take decades before the situation changes appreciably. Bribing a cop, a judge or a permit agent is not the exclusive domain of Mexico. News stories about bribery scandals in the United States are not uncommon but in Mexico it is a way of life instead of an aberration in the system. Source


It happens from top to bottom in Mexico and is, unfortunately, accepted there.

I know that most companies that do business in Mexico (and other countries where bribery/(large) gift giving is par for the course) have extremely specific policies on dealing with this. I know that mine does.

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Response to melm00se (Reply #9)

Tue Apr 24, 2012, 09:52 AM

10. US law trumps that.

Just the way it goes.

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Response to melm00se (Reply #9)

Tue Apr 24, 2012, 12:41 PM

11. Yes but don't blame the Mexicans ...

Here in America, Wall-Mart does it slightly different. They go to civic agencies and talk smack and then get anything they want.

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