From the category archives:

Wal-Mart

We Have Our Own Fraud Scheme, Thank You..

February 17, 2009

The Rogues’ Gallery of the increasingly tarnished modern Gilded Age is getting crowded. The Securities and Exchange Commission today accused Robert Allen Stanford, CEO of the Stanford Financial Group, of running a “massive ongoing fraud.” The SEC said the bank division of the group could not account for $8 billion it was supposed to have [...]

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Missing the Point on Wal-Mart’s Problems

June 6, 2007

Last week we raised the issue of the abysmal performance of Wal-Mart’s board in dealing with a growing number of challenges that face the company — its own structure and practices being high on the list. In his column today, the Wall Street Journal’s Alan Murray asked how long CEO Lee Scott will last in [...]

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Outrage of the Week: Wal-Mart’s Unconscious Board

June 2, 2007

A funny thing happened at its annual meeting. Nothing really happened. Not that there wasn’t plenty of reason for change. This icon of American —and, increasingly, global— retailing known the world over has experienced a dramatic meltdown in its reputation in the past year and more. Its sales growth is faltering. Two pages of its [...]

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Are Hedge Funds the Saviors of Capitalism? Do Elephants Fly?

April 20, 2007

The Wall Street Journal’s Alan Murray suggested a rather novel idea this week. He argued: Hedge funds — at least the five percent of them who pursue activist investing strategies — look to me like the saviors of capitalism. They are in the best position to hold CEOs accountable – and someone other than regulators, [...]

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Does Wal-Mart Have a Board?

April 11, 2007

The Wall Street Journal had (another) troubling piece about Wal-Mart the other day. This time a former employee is alleging that, while working for Wal-Mart, he was “tasked with the electronic monitoring of directors’ meetings…” It almost seems implausible that such an impropriety would even be attempted much less committed over a period of time, [...]

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