Walmart’s Discounted Ethics in Mexico
Walmart became the world’s largest retailer by offering “everyday low prices” around the globe. Apparently, though, Walmart was offering something else too. The company has been plunged into a major scandal since a New York Times investigation revealed that Walmart’s Mexico subsidiary paid $24 million in bribes to local officials to sidestep regulations and obtain construction permits for new stores. The worst part: the story alleges that then the CEO and other top executives knew exactly what was going on and tried to hush it up.
This case is definitely a violation of business ethics!
Read more: http://www.time.com/time/magazine/article/0,9171,2113176,00.html#ixzz26JxA1ivl
September 6th, 2012 at 6:37 am