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Wal-Mart Reports Strong Sales Despite Bribery Scandal. What’s a Little Corruption Among Friends?
- May 17, 2012
- Posted by: Ted Bullen
- Category: Ethics, Information Technology, News, Retail
No CommentsIt was announced, today, that Wal-Mart Stores Inc’s profit and sales surpassed expectations, causing share prices to rise, briefly recovering the 8+% loss after the bribery scandal was uncovered (See Ethics For Sale at Wal-Mart.) Shares eventually settled up 4 percent. This occurred despite ongoing internal and government probes into bribery of Mexican government officials.