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Resource ID: #25918
Subject: Business
Source: New York Times
Affiliation: 
Date: April 22 & Dec 18, 2012

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Description

Part One revealed how Wal-Mart's highest executives shut down an internal investigation that had uncovered strong evidence of systemic bribery by Wal-Mart's largest foreign subsidiary, Wal-Mart de Mexico. As a result, authorities were never notified and no one was punished. Instead, the executive identified as the driving force behind years of bribery was promoted to vice chairman of Wal-Mart. Part Two offered an in depth examination of precisely how Wal-Mart de Mexico used bribes to accelerate its growth. The article described Wal-Mart as “an aggressive and creative corrupter” in Mexico, and it focused on how Wal-Mart paid more than $200,000 in bribes to build a single supermarket in the town of Teotihuacán, not far from two ancient pyramids.

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