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justinb138

Wal-Mart director resigns after internal probe

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LITTLE ROCK, Ark. - A high-profile Wal-Mart Stores Inc. board member resigned Friday after an internal probe turned up evidence of financial improprieties of up to half-a-million dollars. Three Wal-Mart employees, including a company officer, also lost their jobs.

The world’s largest retailer said it asked Thomas M. Coughlin, who is also a former president and CEO of the company’s stores division, to step down because of “a disagreement” over the results of the probe, which involves between $100,000 and $500,000, and his “response to questions concerning his knowledge of certain transactions,” according to a regulatory filing.



Full story here. http://www.msnbc.msn.com/id/7297210/

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“the alleged unauthorized use of corporate-owned gift cards and personal reimbursements that appear to have been obtained ... through the reporting of false information on third-party invoices and Company expense reports"

What's your point? So there was one man committing some internal fraud. He's been caught and WalMart is dealing with it.

Are you trying to make WalMart sound evil for this or something?

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Quote:

“the alleged unauthorized use of corporate-owned gift cards and personal reimbursements that appear to have been obtained ... through the reporting of false information on third-party invoices and Company expense reports"

What's your point? So there was one man committing some internal fraud. He's been caught and WalMart is dealing with it.

Are you trying to make WalMart sound evil for this or something?



Well John, we all know Wal-Mart is just a vehicle for the Chinese take over of the U.S. :ph34r:

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And I thought urine tests for drugs challenged my dignity. An internal probe? I'd have resigned too. :)



Exactly what I was thinking. I've had the 'Cartman gets an anal probe' episode of South Park running through my head since I saw this!

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Jim
"Like" - The modern day comma
Good bye, my friends. You are missed.

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And I thought urine tests for drugs challenged my dignity. An internal probe? I'd have resigned too. :)



Exactly what I was thinking. I've had the 'Cartman gets an anal probe' episode of South Park running through my head since I saw this!

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Jim




I'm really glad I caught this...LoL...'cause I was thinking the same damned thing all damned day!!!:D:D:D

I feel a little more normal...:ph34r:...Just a little...


~R+R:)...
~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~
Fly the friendly skies...^_^...})ii({...^_~...

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