Jan 8, 2013

Expansion Of Walmart Stores In Mexico Comes With A High Price: Bribery And Corruption

HuffPost: By Susana G. Baumann
January 2013.

Do you shop at Walmart? Do you have Walmart stocks? Then you better read on.
In Spanish, there is a saying, “Tira la piedra y esconde la mano,” (throw the rock and hide the hand). Walmart business practices follow this motto as shown in the 2012 investigative report of the New York Times related to the bribery activity that allowed for the rapid expansion of Walmart stores in Mexico, the reporting of recent horrific discoveries that followed the blaze and death of 112 workers in Bangladesh, and the amount of lawsuits the company battles every year in the United States.

Wal-Mart Stores, Inc. branded as Walmart, is the third largest public corporation and the leading private employer in the world. They operate in 25 countries under 69 different brand names.

For its third quarter earnings in 2012, Walmart reported a profit of $3.63 billion, or $1.08 a share, compared with $3.33 billion, or $0.96 a share, in the same quarter of 2011. Read more. 

1 comment:

  1. I don't think there's any Walmart store in Malaysia. However, since "They operate in 25 countries under 69 different brand names", I do wonder... I may be wrong.