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Old 04-24-2012, 03:03 PM
 
Location: Tampa Florida
22,229 posts, read 17,858,215 times
Reputation: 4585

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Gee, could unrestrained greed have consequences?

Potential Cover-up Liability in Wal-Mart FCPA Case Could Dwarf Mexican Bribery Claims, Experts Say - News - ABA Journal

http://articles.businessinsider.com/...bery-grey-area

But the US Chamber of Commerce is trying to water down the Law. Shock, Shock General Counsel for the Chamber is from Walmart!!

http://blogs.wsj.com/corruption-curr...a-debate-anew/

But Rodney explains it best.

http://radio.foxnews.com/2012/04/24/...medium=twitter

Last edited by florida.bob; 04-24-2012 at 03:12 PM..
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Old 04-24-2012, 06:55 PM
 
9,848 posts, read 8,283,089 times
Reputation: 3296
Don't think so. In Mexico you have to grease the wheels. How things are done in Mexico and their laws would I think apply.
If their officials are asking WalMart for money, that is a problem with officials and Mexico, not Walmart.

Walmart doesn't go around volunteering their companies wealth.

Do keep in mind many USA cities do the same thing as Mexico and cover it up as city improvements as donations in exchange for a permit to operate.

Not Walmart's fault at all.
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Old 04-24-2012, 09:53 PM
 
33,387 posts, read 34,847,766 times
Reputation: 20030
Quote:
Originally Posted by RCCCB View Post
Don't think so. In Mexico you have to grease the wheels. How things are done in Mexico and their laws would I think apply.
If their officials are asking WalMart for money, that is a problem with officials and Mexico, not Walmart.

Walmart doesn't go around volunteering their companies wealth.

Do keep in mind many USA cities do the same thing as Mexico and cover it up as city improvements as donations in exchange for a permit to operate.

Not Walmart's fault at all.
and it isnt just governments that are taking bribes and kickbacks, the various union bosses do as well, along with many companies that have near monopolies for their services(waste management anyone?).
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Old 04-24-2012, 10:14 PM
 
20,524 posts, read 15,906,907 times
Reputation: 5948
Wal Mart's having some problems these days. The Mexican bribery scandal may very well bite 'em in the butt. 10 years ago I'd say no; now, I have my doubts.
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Old 04-24-2012, 10:24 PM
 
9,848 posts, read 8,283,089 times
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Quote:
Originally Posted by rbohm View Post
and it isnt just governments that are taking bribes and kickbacks, the various union bosses do as well, along with many companies that have near monopolies for their services(waste management anyone?).
True, the union goons do try and get a cut when they can.
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Old 04-24-2012, 10:28 PM
 
9,848 posts, read 8,283,089 times
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Quote:
Originally Posted by Packard fan View Post
Wal Mart's having some problems these days. The Mexican bribery scandal may very well bite 'em in the butt. 10 years ago I'd say no; now, I have my doubts.
If there is a Mexican bribary scandal it would be because Mexican officials insisted on being bribes. Why would WalMart be held responsible for conditions Mexico allowed to happen.

Why do WE allow States and cities to force Walmart to make donations or improvements to the city as a bribe in exchange for operating. That is the same thing just kind of covered up a little under the law. May have to donate land back to the city after they bought 15 acres, maybe the city wants a gift of 7 acres back in exchange for the right to open.
Maybe a city wants $200,000 for a special permit.

It's all the same as Mexico here as well, we just have smoother Democrats/people to bribe.
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Old 04-24-2012, 10:38 PM
 
Location: deafened by howls of 'racism!!!'
52,697 posts, read 34,564,185 times
Reputation: 29289
nothing serious. they'll be around to torment the anti-wallyworld faction by their very existence for many years to come.
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Old 04-25-2012, 01:59 PM
 
42,732 posts, read 29,884,155 times
Reputation: 14345
Yes, Wal-Mart's in trouble.

The New York Times investigative piece is pretty damaging. It indicates that initially the widespread bribery in Mexico was hidden from Wal-Mart's corporate headquarters. But when a whistleblower stepped forward, the corporate management decided to cover it up, rather than step up and do the right thing. Since laws in the United States and in Mexico were broken, and egregiously broken, it's fair to predict that both governments will be initiating investigations, and Wal-Mart will be facing steep penalties as well as increased scrutiny around the world for its practices.

http://www.nytimes.com/2012/04/22/bu...-silenced.html
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Old 04-25-2012, 02:07 PM
 
33,387 posts, read 34,847,766 times
Reputation: 20030
Quote:
Originally Posted by DC at the Ridge View Post
Yes, Wal-Mart's in trouble.

The New York Times investigative piece is pretty damaging. It indicates that initially the widespread bribery in Mexico was hidden from Wal-Mart's corporate headquarters. But when a whistleblower stepped forward, the corporate management decided to cover it up, rather than step up and do the right thing. Since laws in the United States and in Mexico were broken, and egregiously broken, it's fair to predict that both governments will be initiating investigations, and Wal-Mart will be facing steep penalties as well as increased scrutiny around the world for its practices.

http://www.nytimes.com/2012/04/22/bu...-silenced.html
in other words walmart is going to have to put out more kickbacks, bribes and other payoffs, only "legal" ones this time.
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Old 04-25-2012, 02:15 PM
 
Location: Tyler, TX
23,861 posts, read 24,115,793 times
Reputation: 15135
Quote:
Originally Posted by florida.bob View Post
http://radio.foxnews.com/2012/04/24/video-wal-mart-bribery-scandal-rodney-dangerfield-explains-what-it-really-costs-to-run-a-business/?utm_source=twitterfeed&utm_medium=twitter
Ahem...

Quote:
Originally Posted by florida.bob View Post
Any regurgitation of FOX originated talk, is anything but free. It costs dearly! When one utters some, people look at the regurgitator and think, "what an idiot".
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