Roehm: Wal-Mart CEO Broke Ethics Policy

[Omaha Steve]

http://money.excite.com/jsp/nw/nwdt_rt_top.jsp?news_id=ap-d8pbn7m00&

Roehm: Wal-Mart CEO Broke Ethics Policy

Friday May 25, 7:38 PM EDT

NEW YORK (AP) — Wal-Mart chief executive Lee Scott violated the company's ethics policy and accepted trips and received discounts on yachts and jewelry from a vendor, according to documents filed by a marketing executive fired by Wal-Mart in December.

In her latest court filing aimed at the world's largest retailer, former marketing executive Julie Roehm also attacked other senior executives for accepting trips, concert tickets and other gifts from vendors.

Roehm is suing the company over her firing, and challenging Wal-Mart's charges that she accepted gifts from vendors and had an affair with a subordinate.

In the documents filed Thursday in the U.S. District Court in Detroit, Roehm contends that CEO Scott and his wife frequently used private airplanes provided by entrepreneur Irwin Jacobs to travel to their residences in Longboat Key, Fla., and Las Vegas. Through his relationship with Jacobs, Scott was able to purchase a large pink diamond for his wife at a preferential price, she claims.

Scott, Roehm argued, maintained a relationship with Jacobs that goes "beyond a business relationship."

Jacobs owns a number of companies including Genmar Holdings Inc., a builder of recreational boats, and Jacobs Trading Co., which buys unsold merchandise from Wal-Mart Stores Inc.

FULL story at link.

[loves_dulcinea]

1. the bastards are filthy rich

good luck holding them accountable in todays 'merrka.

[rucky]

2. I'm surprised a Wal-Mart vendor could afford this.

they're infamous for screwing their vendors.

[htuttle]

3. Wal-Mart has an ethics policy?