Fighting credit card fraud the Wal-Mart way
Let’s say you’re a multi-national corporation worth billions upon billions of dollars. Your business is built on an empire of discount retail establishments, most of which are so large one could get lost inside. Your stores, in fact, contain more items than actually exist in reality, all of which (both the real and the theoretical) are priced at low, low prices and ready to move.
Now, sure, you have to deal with the problem of shrinkage. Not of the George Costanza variety, but the kind that entails product leaving your stores without an exchange of money taking place. Theft is a real problem, especially if the thefted item happens to cost a couple thousand dollars like, say, a laptop computer might. The solution, it turns out, is simple. Put out for sale empty boxes.
Most would think such a strategy couldn’t possibly exist, let alone have unintended positive consequences, but you’d be wrong. It seems three men in Chandler, Arizona, purchased a laptop from a local Wal-Mart. Apparently not realizing they had bought the lightest laptop this side of an Apple thinbook, the men left the store with what they would later claim was an empty box. Low and behold, Chandler police were called when the three men returned with an empty box, claiming a laptop was never in it. Long story short, when police arrived, one of the men made a run for it tossing away what turned out to be forged credit cards in the process. Wal-Mart’s shrinkage-protection scheme strikes again, only this time thwarting a Phoenix-wide credit card forgery ring instead of a simple shoplifter.
Store employees later discovered they had indeed sold an empty box to the three men.
Posted by Corey Himrod on Wednesday, October 15, 2008
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COMMENTS
Jeff Crosby
AFL-CIO NOW BLOG
The recent investigations into several local and state SEIU leaders by their national leadership, the U.S. Department of Labor and others into financial irregularities raise questions not only for the largest and most important union in the United States, but for all of us in the labor movement. A little more than a year ago, the head of the New York City Central Labor Council was removed for similar betrayal and financial misdeeds. A Communications Workers of America (CWA) local president in New Jersey is in receivership, in part, as a result of a financial investigation. We know these problems are not the norm, and they harm the huge majority of union members whose leaders’ work is done with little personal financial reward.
According to press reports and the union’s own internal investigation, the local leaders were collecting salaries in an annual range of $200,000 and also using union funds for questionable purposes, either paying family members for doing union business or spending union funds for unacceptable personal expenses. In some cases the local leaders represented workers who make little more than minimum wage. The union is assessing methods of addressing the problem.
~~ Notice where it says that “In some cases the local leaders represented workers who make little more than minimum wage.”!! It has been stated here many times, that when you ‘go union’, you will make “good wages”, is “little more than minimum wage”, ‘good wages’? Unions can’t always deliver what they promise!! Wal-Mart workers already make more than a “little more than minimum wage.”, so why do they need to pay someone to get what they already have?
RDS in
Wednesday, October 15 at 10:43 PM
“It has been stated here many times, that when you ‘go union’, you will make “good wages”, is “little more than minimum wage”, ‘good wages’?"~Bob(RDS)
Once again we are reading half truths.
As stated earlier...most in retail start near the bottom. The difference is places like Walmart keep you near the bottom.
Good for them because it creates turnover (to discourage unionization). If this was not the case then how do you justify your rants about unions putting companies out of business due to wages? We are smarter than that Bob.
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Alex in Ontario, Canada
Thursday, October 16 at 05:29 AM
Stick a Fork in McCain… “He’s done!
As the political pundits continue to weigh in on last night’s debate, many of them are calling it John McCain’s best performance. I suppose after making a remark like “that one,” there’s no where to go but up.
I must have watched a different debate than all of these “analysts” and “talking heads.” I thought John McCain came across as fidgety, shifty-eyed, and snarky. His tendency to interrupt was outright annoying. Obama was clearly the winner of the split screen images.
Wasn’t it reassuring that McCain spent almost as much time talking about “Joe the Plumber” as he did about the issues?What gave him the right to speak of “Joe the Plumber” as “my old buddy?” I bet the children across this land are wondering if McCain is good friends with “Bob the Builder” too!
The only tool hanging on John McCain’s “tool belt” these days is a hammer, and every problem America faces looks like a nail to him. He doesn’t get it. That’s why he’s proposing to cut the capital gains tax rate, from 15% to 7.5%, and tax health care benefits. He’s out of touch with the “little people”. Besides, how many people are going to worry about capital gains this year?
This brings us to the John McCain Quote for today:
“It’s easy for me to go to Washington and, frankly, be somewhat divorced from the day-to-day challenges people have.” ~McCain in New York, Sept. 11, 2008
ScrewedbyWalMart in Anytown, America
Thursday, October 16 at 07:57 AM
screwed by the old geezer mccain has no plans to cut taxes for the middle class at all.
MATT IN in gresham,oregon
Thursday, October 16 at 08:04 AM
Screwed:What gave him the right to speak of “Joe the Plumber” as “my old buddy?” ~~~~~~~Screwed~~NOTE: When McCain referred to my old buddy “the Plumber”,I thought he was talking about G Gordon Liddy,of Watergate Infamy. They(Nixon,et.al.) referred to him as a “plumber”,also.
ddrb in
Thursday, October 16 at 09:24 AM
RDS: What is the date on your AFL-CIO story above? Is that current?
ddrb in
Thursday, October 16 at 09:46 AM
ddrb,
“What is the date on your AFL-CIO story above? Is that current?”
The story is dated September 30, 2008!! If you want to check it out for yourself, because your side rarely believes anything we post, go to:
http://blog.aflcio.org/category/diaries/?aid=22
RDS in
Friday, October 17 at 12:24 AM
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