June, 2007

Wal-Mart and another lawsuit

Wal-Mart is sued thousands and thousands of times a year, this past month Cynthia Haddad won a $2 Million lawsuit against Wal-Mart on discrimination. According to Business Week the suit couldn’t come at a worse time for Wal-Mart…

Of course, even if Wal-Mart loses, $2 million is barely a blip on the radar for a company that took in more than $355 billion in revenues in its most recent fiscal year. Still, Haddad’s victory comes at a difficult time for Wal-Mart, with the company struggling to defend its reputation on a number of fronts. Wal-Mart has come under fire for the wages and benefits that it provides workers and for its impact on small, local retailers. Investors have been unhappy with its stagnant stock (see BusinessWeek.com, 4/30/07, “Wal-Mart’s Midlife Crisis”). And it’s become a favorite target among the Democratic Presidential candidates, including Barack Obama and John Edwards (see BusinessWeek.com, 11/16/06, “Can Barack Wake Up Wal-Mart”).

As we all know Wal-Mart is still currently involved in the largest gender discrimination suit in history, the company has always held male employees at a higher regard than females. Women employees who have been pregnant have been fired, and threatened by management. We expect more from the worlds largest employer. As Wal-Mart enters low-income areas and destroys all competition, stores close down and community members are forced to work at Wal-Mart, Wal-Mart knowingly takes advantage of all its employees whether it be pay, gender discrimination, hours, or simple mistreatment of workers, Wal-Mart takes every advantage they can to hold more power over its employees and the community it’s in.

Cheap E Coli

SPRINGDALE, Ark. — Tyson Fresh Meats Inc. on Friday recalled more than 40,000 pounds of ground beef shipped to Wal-Mart stores in 12 states after samples showed signs of E. coli contamination.

No illnesses had been reported. Recalled products were sent to Alabama, Arkansas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Oklahoma, Tennessee and Texas, Tyson said. AP

Daily Wal-Mart headlines

Wal-Mart to launch payments card
Wal-Mart and GE Money plan on releasing a prepaid Wal-Mart Money Card for the estimated 80 million Americans without a bank account.

To sum it up, Wal-Mart was being sued for by Fendi for selling ‘knock off’s of their product…

Pink Diamonds, Discounted Boats and a Looming Lawsuit Plague Wal-Mart
ABC News reports on the trouble CEO Lee Scott has got himself in violating his own business ethical code.

US Rep Jerrold Nadler rips Wal-Mart over container security

Yesterday Jerrold Nadler of New Yorks 8th congressional district (representing Manhattan and Brooklyn) held a press conference with local union representatives to inform the public how scanning containers on imports is a growing cause for concern. One in 25 of containers entering the United States in 2005 was bound for a Wal-Mart store, Wal-Mart continues to fight against scanning all of their cargo containers entering American ports, and for what? Their irresponsible actions have to stop. Here are a few quotes from Jerrold Nadler…

“Terrorists could hide a nuclear weapon inside a shipping container bound for New York at any time, and large importers such as Wal-Mart are partly to blame for opposing greater scanning checks.”

“Wal-Mart, America’s largest importer, has actively worked to oppose the scanning of all cargo containers coming into our ports,”

Nadler is taking steps in the right direction, we all know about Wal-Marts irresponsibility as an employer, these precautions on imports should be taken seriously. Though Wal-Mart continues to act irresponsible, we are not surprised.

Read the article in Todays Metro.