Political Junky
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- May 27, 2009
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BUSTED: Wal-Mart Caught In Massive Bribery Scandal That Goes All The Way To The Top | Daily Ticker - Yahoo! Finance
Wal-Mart's (WMT) stock is getting hammered following allegations that the company engaged in systematic bribery in Mexico for several years and then covered it up.
If true, the allegations are a huge black eye for the global retailing leader, which prides itself on its reputation for integrity and transparency.
So far, Wal-Mart hasn't denied the allegations. Rather, it says it is once again investigating themthe way it did several years ago, before it shoved them under the rug.
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Wal-Mart's (WMT) stock is getting hammered following allegations that the company engaged in systematic bribery in Mexico for several years and then covered it up.
If true, the allegations are a huge black eye for the global retailing leader, which prides itself on its reputation for integrity and transparency.
So far, Wal-Mart hasn't denied the allegations. Rather, it says it is once again investigating themthe way it did several years ago, before it shoved them under the rug.
<more>
