Monday, December 24, 2012

The Wal-Mart Way: Bribing Their Way Around the World

'Save Money Live Bitter' twists the company's slogan
at a check-out counter in Bartlett, Tennessee. 
--Photo by Citizens Media Resource
The Foreign Corrupt Practices Act makes it illegal for U.S. corporations to bribe foreign officials to get the favors, the special treatment, the suppression of competition---whatever it wants---to give it a strategical edge.  Has that stopped Wal-Mart?

Wal-Mart's alleged bribes of officials in Brazil, China, Mexico and India have begun getting attention in the press.  This NYT investigative story exposes the anatomy of corruption as Wal-Mart was doing whatever it took to get its way at the expense of ancient pyramids and modern-day residents in a Mexican tourist town.  Click to read.

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