A
thorough investigation by the
New York Times reveals top executives at Wal-Mart de Mexico's corporate headquarters used bribes to illegally obtain building permits in nearly every corner of Mexico. Not only are top officials in Wal-Mart's largest foreign subsidiary named, but the allegations show widespread corruption and a cover-up attempt by top executives at the American offices as well, including then-CEO H. Lee Scott Jr, and current CEO Michael Duke.
Wal-Mart has been conducting an internal investigation into the bribes and the alleged cover-up for the past 6 months, but only began to do so when they were informed of the
Times investigation.
As the world's largest employer, and with 1 in 5 Wal-Mart stores in Mexico, this could prove a devastating blow to the company. We can only hope so...
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