Wal-Mart busts its FCPA budget
Richard L. Cassin |
Thursday, May 16, 2013 at 3:18PM
Wal-Mart said Thursday it spent $73 million on FCPA-related expenses during the first quarter of 2013. It had budgeted $40 million to $45 million.
Richard L. Cassin Publisher and Editor
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Thomas Fox Contributing Editor
Philip Fitzgerald Contributing Editor
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Richard L. Cassin |
Thursday, May 16, 2013 at 3:18PM
Wal-Mart said Thursday it spent $73 million on FCPA-related expenses during the first quarter of 2013. It had budgeted $40 million to $45 million.
Andy Spalding |
Thursday, May 16, 2013 at 1:28AM
I’ve argued in this series that we should think of corruption generally, and bribery specifically, as violating human rights -- specifically the rights of the citizens of the countries in which bribery occurs. (And make no mistake, this includes the U.S.).
Andy Spalding |
Monday, May 13, 2013 at 2:18AM
After a brief end-of-the-semester hiatus we’re picking back up our series on Wal-Mart’s victims. And we’re less than half-way through.
Andy Spalding |
Monday, April 29, 2013 at 2:08AM
With last week’s landmark Supreme Court case in Kiobel, the world is talking about corporations and human rights. But anti-bribery statutes typically aren’t mentioned.
Andy Spalding |
Monday, April 22, 2013 at 3:28AM
Thursday’s landmark Supreme Court decision in Kiobel v. Royal Dutch Petroleum has more relevance to the FCPA and Wal-Mart than you might think.
Andy Spalding |
Wednesday, April 17, 2013 at 2:08AM
As we saw in Part II, the government has come to think that the FCPA’s chief purpose is to “level the playing field.” And much criticism of modern enforcement, especially from the U.S. Chamber of Commerce, charges that it has failed to achieve that goal.
Richard L. Cassin |
Monday, April 15, 2013 at 10:38PM
David Barstow and Alejandra Xanic von Bertrab of the New York Times were awarded the Pulitzer Prize Monday for their investigation of Wal-Mart's alleged bribery in Mexico and the cover up that followed.
Andy Spalding |
Monday, April 15, 2013 at 2:28AM
It’s probably fair to say that the corporate poster child of FCPA enforcement, right now, is Siemens. But that’s about to change.
Richard L. Cassin |
Wednesday, March 27, 2013 at 1:50PM
Wal-Mart said in its annual report filed with the SEC Tuesday that because of uncertain outcomes of U.S. and foreign government bribery investigations and civil suits filed by shareholders, it 'can provide no assurance that these matters will not be material' to its business in the future.
Richard L. Cassin |
Tuesday, March 26, 2013 at 12:38PM
Anheuser-Busch InBev said this week the SEC is investigating its India joint venture for possible FCPA violations.