Walmex

A. Introduction In 2012, David Barstow and Alejandra Xanic von Bertrab exposed a large scale series of bribes involving Wal-Mart de Mexico and the construction of a Wal-Mart store near the ancient pyramid ruins of Teotihuacán (1). The Pulitzer Prize winning exposé detailed example after example of bribery and corruption that was ignored by the Wal-Mart headquarters (2). In 2005, a senior Wal-Mart lawyer received information from a former executive (Sergio Cicero Zapata) of Wal-Mart de Mexico. B. Background Based on the email and subsequent interviews, Zapata laid out how Wal-Mart de Mexico had engaged in a long term series of bribes in its rush to build a store in Teotihuacan, Mexico (3). Specifically, • Wal-Mart de Mexico allegedly bribed Mexican government officials for a number of years. • The bribes (which totaled more than $24 million) were reportedly paid to open the Teotihuacán store more quickly than would have been possible had the company followed U.S. and Mexican regulations. --bribes to speed up zoning variances, building permits, environmental clearances • The bribes were allegedly hidden from Wal-Mart's headquarters by disguising them as legitimate expenditures. • Sergio Cicero Zapata, who was the primary handler of the bribes, detailed his behavior to a Wal-Mart's lawyer (Maritza Munich), implicating Wal-Mart officials as approving the bribes. • Wal-Mart's headquarters launched an investigation into the allegations. Despite finding overwhelming…

has a policy of promoting from within the organization. In fact, according to Bergdahl (n.d.), “75% of management positions at Wal-Mart are filled via promotions from within Wal-Mart’s existing crop of average people” (para. 18). Promoting employees from within the organization fosters employee loyalty, reduces attrition, and strengthens the culture. Violations Committed by Walmart Walmart’s ethical standards have been challenged recently. The company has been accused of violating legal…

INTRODUCTION Wal-Mart Stores, Inc. is an American multinational retail giant that was founded in 1962 by Samuel Walton. Walmart’s vision statement: “To be the best retailer in the hearts and minds of consumers and employees.” Walmart is headquartered at Bentonville, Arkansas, USA and is the largest private employer and biggest grocery retailer in the USA. It does business in almost 11,530 locations all over the world dealing in various variety of products and services. Walmart operates…