24 February 2014
What’s really going on with Walmart big wig hiring?
Has anyone noticed over the last few year5s all the big wigs from State department of Police, left a career for Walmart. Now another crook since being in the legal corruption business since 2007 also going to leave a career for who else but Walmart.
Why would this crook want to go to Walmart? Well, he knows how to lie for one and get people to accept deals or else. Let’s see Walmart is in need for a bad and lawyer to defend all the illegal stuff that they have been doing for years.
Let’s see what is Walmart facing this year in 2014? According to the United States Department of Justice, the “The Foreign Corrupt Practices Act of 1977 was enacted for the purpose of making it unlawful for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business.” In other words, it’s a law against bribery.
On Dec. 18, a three-judge panel in the U.S. Court of Appeals for the Eighth Circuit refused to grant Wal-Mart a stay, which effectively opens the door for other lawsuits against the company to move forward. The bulk of the complaints have come from a group of shareholders after a reporter from the New York Times revealed evidence that Wal-Mart de Mexico executives paid $24 million in bribery payments in exchange for market share in Mexico. The lawsuits allege a breach of management’s fiduciary duty and the investigation itself has expanded into China, Brazil, and India.
2014 is going to be a difficult year for Wal-Mart. It’s hard to know exactly what impact these issues will have on the company’s bottom line. Government spending appears to be on a steady decline, and legal issues continue to mount for the company. In 2012 Wal-Mart spent $69 million in the first three quarters of the year on FCPA-related expenses. It spent $224 million on these expenses in the first three quarters of 2013 and it expects to spend another $75 million to $80 million in the fourth quarter, which ends on Jan. 31. We’ll have a chance to see if the holiday season provided some relief at the next earnings call on Feb. 20, 2014.
Yes, I believe that Walmart indeed needs an mouth piece and he will get paid much more than the County of Arkansas can pay. Even with all the things or is that accounts he has access to. Padding has always been a way to increase one’s salary along with brides of property legal actions and much more. But, now the salary what is it? Much more than the average person will ever guess or even know, but can bet it will not be the County’s salary. I am willing to bet that it’s millions, but why should I care, after all it is not my money or even yours. Not Walmart’s either. But, who is going to contest anything. Watch out you people hating Walmart, as you may end up in jail if not nice when this reject is hired. Obama twin, never thought I would see such a thing in my life. But, with all that I have seen since making my way to Arkansas, it’s a wonder how you people (sheep) even can stand the smell of this corruption in every county, city court office in this area.
One of Wal-Mart’s stated objectives is to grow operating expenses at a slower rate than new sales. It’s a commendable objective, but for the nine months ended Oct. 31, 2013 operating expenses increased 2.2%. The reasons given for the increase were lower than expected sales, higher capital investment, and additional expenses related to litigation.
Wal-Mart is also embroiled in several legal cases that may have more impact on sales than There’s a lot of rhetoric, especially from the left, that is very dismissive of working at Walmart. Go the Wikipedia entry for “Criticism of Walmart” and you’ll find references to the following criticisms of being a Walmart employee: low wages, poor working conditions, being forced to work off the clock, being denied overtime pay, not being allowed to take breaks, violations of child labor laws, instances of minors working too late, during school hours, or for too many hours in a day, labor racketeering crimes, sexual discrimination, limiting or eliminating health care benefits, poorly-run and understaffed stores, etc. You get the idea – it must be a pretty terrible place to work, right? But then why do so many people actually want to work for the retail giant, based on the huge number of applications that Walmart receives every time it opens a new store? expenses. One such legal case involves the Foreign Corrupt Practices Act, or the FCPA.
Nearly $1 trillion in across the board spending cuts started in March 2013, which includes the 1.3 million people cut off from emergency federal unemployment relief at the end of December and another 3.6 million who will be cut off in 2014. Five Million in cuts. Yes, I wonder when the courts of Walmart will become operational?
Nathan Smith, a Benton County deputy prosecuting attorney, is seeking the top prosecutor’s post in this year’s election to replace his boss, Van Stone, who has decided not to run for re-election, according to an inside source.
Smith is set to make a formal announcement Monday (Feb. 24) or Tuesday (Feb. 25).
Smith, a University of Arkansas School of Law graduate, has been a deputy prosecutor in Benton County since 2007, according to his LinkedIn profile.
Stone has decided not seek re-election to take a job at Walmart, the source said.
Stone informed his staff of the decision on Friday (Feb. 23) and is said to be backing Smith in the campaign. No other candidate has been named as potential contender.