Is Wal-Mart Discreetly Cleaning House?

HFA Padded
Published on
Updated on

Former Wal-Mart Stores, Inc. (NYSE:WMT) CEO H. Lee Scott Jr. will retire from the company’s board later this month, continuing what appears to be a pattern of high level executives involved in the retailer’s international division slowly taking their leave in the wake of a major corruption scandal, reports Elizabeth A. Harris for The New York Times. Wal-Mart allegedly bribed Mexican officials for years In 2012 The New York Times reported that Wal-Mart Stores, Inc. (NYSE:WMT) had repeatedly bribed Mexican officials to make it easier to expand operations there, in violation of the Foreign Corrupt Practices Act, and that executives…

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!