If you’re a regular reader of our blog, you’ll know that we’ve recently written about ethical lapses at Wal-Mart Stores. In the past, I’ve been critical of the company for investigating its shareholders and its poor financial performance. Well, now seems that the Illinois State Board of Investment is calling for Wal-Mart’s board to open an investigation into potential surveillance activities by the retailer.
To be honest, I’m a little mystified by Wal-Mart’s management. In light of the numerous employee lawsuits (1)(2)(3), declining profits, and extreme negative publicity, one would think that H. Lee Scott and his cohorts would get a clue and make some changes. Or, at the least, one would assume that the Walton family would apply some pressure to improve the company’s image. Instead it seems that Wal-Mart’s management is going to keep their current policies. This seems dumb to me.
Best,
James
