Michaels Stores C.E.O. Connected to Wal-Mart Bribery Case

[babsbunny]

http://dealbook.nytimes.com/2012/04/23/michaels-stores-c-e-o-implicated-in-wal-mart-bribery-case/

By PETER LATTMAN and STEPHANIE CLIFFORD

As Michaels Stores prepares to go public, the company’s chief executive, John B. Menzer, has been connected to the Mexican bribery inquiry facing Wal-Mart Stores.

The Wal-Mart allegations came just days after Michaels, an arts-and-crafts retailer, announced that Mr. Menzer had been hospitalized because of an illness.

A New York Times article on Sunday reported that Wal-Mart executives learned in 2005 of charges of “widespread bribery” of government officials in Mexico to ease the company’s aggressive expansion into that country. The story suggested that the retail giant failed to conduct a sufficient internal investigation into the allegations.

[bluestate10]

1. I have often and still am in meetings where sensitive information is discussed and evaluated.

Being in those rooms does not make me guilty. I don't know how deeply Menzer was involved or which side of the internal struggle he took. I am willing to wait for all information to come out. The Walmart situation had people arguing that the right thing needed to be done, people that wanted the briberies covered up and people that fucking ran for cover with the ears plugged and eyes covered. Guess what? Welcome to any business decision making process. The real players decide to do what is right, even when that means going to regulators to turn their companies in. The Walmart scandal had the wrong people win the internal struggle.