“Doing the right thing and doing things right” (Devin) spoken by their CEO at a conference on their profits and annual reports, however this does not pertain to their employees or their suppliers even though he states “the Wal-Mart way is to stay the course, because Wal-Mart is too important to individual families that are stretching a budget, to important to the suppliers who employee millions of people, to important our associates who we value and love so much." (Devin). Wal-Mart values its employees and suppliers so much; “since 2011, Wal-Mart has spent over $35 million and hired more than 300 outside lawyers, accountants, and investigators to deal with bribery issues” (Sethi) and Wal-Mart’s “penalties under the Foreign Corrupt Practices Act and Securities Exchange Commission regulatory filings are likely to be in the $100 millions, which is such a small fraction of Wal-Mart’s earnings” (Sethi). If only this mega retailer could reinvest this negative...
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...e to purchase their products and would not make a profit. So, businesses should have certain social responsibilities to give back to society and if there is a negative impact on society, it should be mandatory that the business take responsibility to do what is right and ethical to benefit society and other countries.
Basker, Emek. "The Causes and Consequences of Wal-Mart's Growth." Journel of Economic Perspectives. 21.3 (2007): 177-198. Web. 26 Jan. 2014.
Devin , Smith, Greenwald Robert, Levit Laurie , and Gilliam Jim. Wal-Mart: The High Cost of Low Price. 2005. Documentary. Robert GreenwaldWeb. 2 Feb 2014.
Sethi, Parkish. "The World of Wal-Mart." Carnegie Council. N.p., 18 May 2013. Web. 26 Jan 2014.
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