Illinois Comptroller Calls for Wal-Mart Investigation
Illinois State Comptroller William Atwood joins the call for Wal-Mart to release documents regarding the company’s surveillance pratices.
The head of Illinois’ state employee pension fund on Tuesday joined New York City’s comptroller in saying Wal-Mart Stores Inc. should turn over records dating to 2002 to show whether it spied on shareholders who wanted annual meetings to adopt policies opposed by management.
Wal-Mart has denied allegations by a fired former security operative that it snooped on investors. But New York City Comptroller William Thompson said he has “a credible basis” to believe the company conducted surveillance and investigations of shareholders.
William Atwood, executive director of the Illinois State Board of Investment, said Wal-Mart’s denials are not enough to lay the issue to rest.
“This isn’t going away,” Atwood said. “Let’s open up the files and let an external set of eyes look at it.”
A Wal-Mart spokesman said the company received a letter from Thompson last week. “We are studying the letter and will respond appropriately,” he said.
The Illinois state fund has total assets of $12.6 billion. Thompson oversees five pension funds for New York City worth a total of about $105 billion.
Posted by Alex Goldschmidt on Wednesday, June 27, 2007
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COMMENTS
A Wal-Mart spokesman said the company received a letter from Thompson last week. “We are studying the letter and will respond appropriately,” he said.
Is this not exactly the same arrogance the Bush crowd said in response to Senate subpoenas yesterday?
This also reminds the observant of other corporate practices and those who implement them-
Confessions of an Economic Hit Man: How the U.S. Uses Globalization to Cheat Poor Countries Out of Trillions
http://www.democracynow.org/article.pl?sid=04/11/09/1526251
and of course-
‘Corporate psychopaths’ at large
By Lisa Desai for CNN
Friday, September 3, 2004 Posted: 1258 GMT (2058 HKT)
Excerpts include-
According to Professor Robert Hare, an expert in psychopathy at the University of British Columbia, Canada, “corporate psychopaths” are ruthless, manipulative, superficially charming and impulsive—the very traits that are landing them high-powered managerial roles.
“Psychopaths are social predators and like all predators they are looking for feeding grounds,” he said. “Wherever you get power, prestige and money you will find them.”
Paul Farmer, from the mental health charity Rethink, agrees that “corporate psychopaths” pose a major threat to harmonious workplace relations.
“The danger is that they build up a power base and turn everyone in the organization paranoid, everyone becomes afraid of everyone else and the work culture begins to reflect the personality of the leader,” said Farmer.
http://edition.cnn.com/2004/BUSINESS/08/26/
corporate.psychopaths/index.html
Or try this site-
http://www.snakesinsuits.com/
WalMart- We are not just paranoid and spy on people. We are also ‘love of money psychopaths’ with a business model to prove it.
SanDiegoView in
Thursday, June 28 at 07:21 AM
YES...You Would Be Correct, SDV
The hubris and arrogance of Wal-Mart is very much the same as we see in the Bush administration.
The White House is now claiming “executive priviledge” and is refusing to acknowledge any subpoenas. I don’t think we’ve seen this since Richard Nixon refused to turn over his tapes.
ScrewedbyWal-Mart in Anytown, America
Thursday, June 28 at 11:14 AM
I think it’s great that one state after another is calmoring to see Wal-Mart’s records and financial filings.
If we can believe Nick, the Beast has nothing to worry about since all of Wal-Mart’s data has been gone over by in-house as well as independent accountants, the IRS, and the SEC.
(If you put your ear to the ground you can hear the numbers <b>((((crunching!)):o)
Ken V in Texas
Friday, June 29 at 03:16 AM
SanDiegoView,
Regading using of globalization to cheat the poor—I guess you think it’s OK for Royal Dutch Shell, BP, and Total to keep sticking it to the people, huh?
Everyday Low Prices always wins in our town!
Friday, June 29 at 09:37 AM
I’ll tell you what, Everyday Low Prices always wins in our town!, you tell me what “town” and I’ll see if I can dig up an instance where it didn’t win.
Ken V in Texas
Monday, July 02 at 04:14 AM
Ken V,
“I’ll see if I can dig up an instance where it didn’t win.”
That may be hard to do, when you take into account “Matching Competitors Prices”!!
RDS in
Monday, July 02 at 11:13 AM
That may be hard to do, when you take into account “Matching Competitors Prices”!!
Maybe not. “Comping” is meaningless when there is no competition left to price match against.
Ken V in Texas
Tuesday, July 03 at 06:21 AM
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