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The scandal WAL-MART "wobble" its CEO

 

Here's an example of bad practices of the largest multinational retail distribution in USA. And how los “TOPs”, and in general all the managers involved may become repudiated by his own company with serious cases of corruption.

To carry out in an expansion of approx Mexico. 2.000 Investment USD, various payments were made in previous years, which have been denounced by a former employee and published in the New York Times.

Shares of Wal-Mart today fall 24 April a 12% in Mexico. The matter reached the area of ​​U.S. Congress.

The Managers must reject any invitation or own inclination to jump the red lines of the integrity basis of their own training and awareness as well as the CSR policies of the company.

Consider the implications of these bad practices:

1.- Today is not easy for these practices are “covered”. The power of traditional media, amplified by the new citizen power, Social networks make it difficult to impunity.

2.- Furthermore, its impact is much greater precisely by said social networks which transmit the news to the speed of light (never better) and internationally.

3.- Consequently the impact on reputation and most likely in the Company's results will be relevant.

4.- Since it is a publicly traded company, will also undergo an impact on the evolution of stock market value and expectations for the future to have injured his intangibles and increased their risk.

5.- Attached is the website link below WAL-MART.

www.walmartstores.com/sustainability/7951.aspx 

While ISO 26000 does not become certifiable see that large corporations “presume” abundant bla,bla, blah de sus websites, annual reports, reports for financial agents,… but sometimes there are cases of serious corruption or other offenses.

6.- In short, “TOP”s and general managers can not ignore these lessons. Regeneration of Management is vital.

 

Self-reflection

Do you remember any other case of relevance in the media about corporate corruption?

Do you know any case of corruption in your professional life?

Are managers required to operate in doubtful cases or what tools can be used to avoid ? (In next post we will discuss these tools, but as what actions offer?)


2 Responses to The scandal WAL-MART "wobble" its CEO

  1. Juan Serrano says:

    Hi Rafa,
    Siemens was convicted earlier this year to buy a ticket for administrations…I know GE has been quite careful with this, in the years that I have not heard cases.
    Anyway, every day is seen in political news, corrupt bankers who are imprisoned in the worst case and then give them on television programs or advisory positions in some companies…
    The MGRs should be the first to set an example (as King), but in most cases they do not.

    When I was working at Vestas in Denmark, just when I started, found a corruption case in Spain Vestas, diverting money to their accounts. I spend all bad because you look with disgust at the office…in the end

    • Rafa says:

      John,
      Siemens has been "caught" several times in bribes to get large orders…
      You say that politicians and bankers are jailed ??? Very few end up in jail and none , I know, money back.
      Your personal experience is very interesting and shows that these cases, addition to its legal and social implications, thinning work environment, deteriorates relations, and can sweep away the career of a good manager for a slip irreparable. Do not lose sight of these lessons.
      Thank you very much for your input.

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