Wal-Mart Board Urged to Probe Spy Claims

Wal-Mart Board Urged to Probe Spy Claims

biz.yahoo.com

BENTONVILLE, Ark. (AP) -- Wal-Mart's board of directors should open an independent investigation of claims the retailer spied on shareholders, suppliers and others, a large state investor said Friday.

William Atwood, the executive director of the Illinois State Board of Investment, said Wal-Mart's board could have avoided the surveillance scandal if it had not rebuffed a proposal from a group of large investors in 2005 to name an independent committee to review company policies.

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There are very few Wal Marts in my area and I have made a point of not shopping at them. This simply reinforces my belief that they are bankrupt in terms of corporate ethics. From labling imported products "Made in the USA" to predatory, anti compedative tactics, they are simply not a business I want to spend my money at.

While corporate security is important in this day and age, Walmarts reaction to this smacks of coverup.

biz.yahoo.com
(visit the link for the full news article)