Archive for the 'Wal-Mart Plumbers' Category

SMILEYMAN… SMILEYMAN…

Wednesday, April 1st, 2009

… does whatever a smiley can he feckin’ wants. Jack Neff at Ad Age is clearly enamored with Walmart online. And just as clearly, Jack hasn’t taken a long look at the consistent way Walmart stumbles about in cyber space like a superhero with a cattle prod up his bum. On Monday Jack wrote: There […]

Will another shoe drop?

Tuesday, April 24th, 2007

The Northwest Arkansas Morning News reminds us of that other Wal-Mart scandal, the one surrounding former VP Tom Coughlin: It’s practically old news by now. Former Vice Chairman Tom Coughlin, 58, a 28-year veteran of Wal-Mart, pleaded guilty last year to wire fraud against his employer and is now serving a 27-month home detention. (A […]

A Trip to WalMartFacts.com

Sunday, April 22nd, 2007

If you go to WalMartFacts.com right now, you can see updates on two stories we’ve covered here lately. First, the .pdf of Lee Scott’s letter to shareholders about the Wal-Mart Plumber’s activities and a long affadavit about them are downloadable here. Read excerpts from Bruce Gabbard’s sworn statement and it sure sounds like somebody left […]

A New Twist on Snooping at Wal-Mart

Saturday, April 21st, 2007

From the NY Times: A former Wal-Mart computer technician, who asserted that company employees eavesdropped on board meetings and conducted clandestine surveillance on shareholders, has reversed himself and denied both claims in sworn testimony, the giant retailer said yesterday. When one is being investigated for committing a crime the tendency to withdraw one’s confession becomes […]

Next “Threat Assessment”: Widows and Orphans?

Monday, April 16th, 2007

I realize this is old news, but it just looks so funny to see it put in print this way: The Benedictine Sisters of Boerne, Texas, have written to Lee Scott, Wal-Mart’s chief executive, to say they were “deeply disappointed, appalled and shocked” by news that Wal-Mart’s security department had been asked in a memo […]

Floyd Norris on Paranoia

Friday, April 13th, 2007

Walmart is the theme of today’s Floyd Norris column (sub only) at the NY Times. Mostly he just reviews the story of the plumbers to date and highlights the fact that the stock price has dropped 25% under Scott while the retail index is up 180% for the same period. He suggests hiring an independent […]

A Corporate Governance Expert Weighs In

Wednesday, April 11th, 2007

From the blog Findlay on Governance Does Wal-Mart really have a board? … With four insiders (an unusually high number among major publicly traded companies, to say the least) and directors having met formally on only 4 occasions in 2006 (another 3 meetings were phoned in), Wal-Mart’s board appears to be little more than a […]

NYC Comptroller Wants Wal-Mart Spy Probe

Wednesday, April 11th, 2007

From the AP New York City’s comptroller has asked the Securities and Exchange Commission and the Justice Department to investigate whether Wal-Mart Stores Inc. illegally spied on some of its shareholders. … In letters to government officials, Thompson said his office, which controls $400 million worth of Wal-Mart stock through government pension funds, was among […]

Those who Wal-Mart spied upon speak.

Wednesday, April 11th, 2007

The Interfaith Center on Corporate Responsibility: We were surprised and disappointed to read the results of the Wall Street Journal investigative report. We view such actions as a serious breach of the trust relationship between shareholders and their company. Nonetheless we commit ourselves to continue to engage the company – enacting our rights and responsibilities […]

Floyd Norris Chimes In and Some Speculation

Tuesday, April 10th, 2007

One of my favorite business cynics, Floyd Norris of the NY Times chimes in today on his blog. Will the Wal-Mart Board React? The Journal seemingly did not ask him what he did with that information. Did he pass it along to Mr. Scott, Wal-Mart’s chief executive? How do directors feel about being bugged? Will […]

The Wal-Mart plumber will speak no more . . .

Monday, April 9th, 2007

. . . or at least until the gag order is lifted. From the AP: Wal-Mart won a gag order to stop a fired security operative from talking to reporters and a judge ordered him to provide Wal-Mart attorneys with “the names of all persons to whom he has transmitted, since January 15, 2007, any […]

If this doesn’t get Lee Scott fired, I don’t know what will.

Monday, April 9th, 2007

From the Wall Street Journal, via Wal-Mart Watch: In January, an outside attorney for Wal-Mart questioned Mr. Gabbard and some colleagues about unauthorized taping of phone calls between a Times reporter and Mona Williams, Wal-Mart vice president of corporate communications. Mr. Gabbard says he was asked what gave him the right to eavesdrop on a […]

ANOTHER KIND OF WATER TORTURE…

Friday, April 6th, 2007

Barbara Ehrenreich dives into the spy vs. spy retail wars by reminding us that Wal-Mart is not the only corporate bad actor. There is something to be said for how the leader of the free world sets the tone for everyone else. Here’s how it can go very bad. We’ve always known that Wal-Mart is […]

I Didn’t Know the Gun was Loaded Defense

Thursday, April 5th, 2007

More on the threat assessment unit. Wal-Mart apologizes to groups it considered possible threat Wal-Mart Stores Inc. of Bentonville, Ark., the world’s No. 1 retailer, apologized to certain shareholder groups that the company had assessed as potential threats… A spokesman told the paper that “to the best of our knowledge,” the internal-security staff “hadn’t done […]

“This just does not look good on almost every level.”

Wednesday, April 4th, 2007

Via Wal-Mart Watch: