Essay about Walmart Scandal in Mexico
In Septemper 2005, a senior Wal-Mart lawyer received an email about how Wal-Mart de Mexico had orchestrated a campaign of bribery to win market dominance in its rush to build stores.
The New York Time lays out a seven-year campaign of unethical behavior, totaling more than $24 million in “suspect payments” and corporate aggression that has …show more content…
According to Carol Cone, managing director of brand and corporate citizenship for Edelman, the public relations firm, shoppers really do care about the moral and integrity compass of the stores they shop. 87% of American consumers surveyed think businesses need to place at least as much weight on society’s interests as they on business interests.
I believe that this could have been avoided had Wal-Mart committed to having a strong and effective global anti-corruption program in every country that they are in. The U.S. Foreign Corrupt Practices Act (FCPA) prohibits bribes to win business overseas. Also I believe the consumer has to speak up by using the theory of voting with dollars! We need to do the research by probing the track record of our favorite stores to shed light on their business ethics, labor and human rights.
Another point of how Wal-Mart can avoid this in the future is having a more proactive approach to corporate social responsibility (CSR) and an adequate crisis management system.
The reactive steps Wal-Mart has put in place regarding its compliance program will help prevent this from happening in the future. Randy Hargrove, a company spokesman, stated that Wal-Mart improved the way it reported and investigated accusations of ethical violations; it hired new executives to oversee