Small Pension Fund Takes on Big Role

Posted by on Sep 19, 2012 in updates, Walmart Watch Blog | 2 Comments

In classic David vs. Goliath fashion, the Indiana Electrical Workers Pension Trust Fund IBEW is suing Walmart over the cover up of the alleged bribery of Mexican officials earlier this year.  The small pension fund holds only 750,000 worth of Walmart Stores’ $253 billion in stock, but thanks to whistleblower documents mailed to the organization’s attorney and its approach to obtaining information about Walmart’s internal probe of the bribery allegations, IBEW may be key to a successful suit against the company.

According to Delaware law, “shareholders are entitled to inspect certain non-confidential books and records.” On this basis, IBEW requested that Walmart turn over information that could help to uncover whether or not executives stifled an internal probe of the alleged bribery of public officials in Mexico. This valuable information may reveal more about the possible failure of Walmart’s directors to fulfill their fiduciary responsibility to shareholders.

2 Comments

  1. Anonymous
    September 19, 2012

    I use yo work over at Sam’s Club in San Fernando Ca as a Cart Attendance from 08/20/1991 to 08/28/2002 now I do work over at Vallarta Supermarkets Part Time Job and make $8.25 an Hour, Palmdale Ca Vallarta Supermarket Business move very slow because Customer is Shopping at East Palmdale Ca Walmart Supercenter and west Palmdale Ca Walmart Supercenter for Low Price then Vallarta Supermarkets, let get rid of East Palmdale Ca Walmart Supercenter and West Palmdale Ca Walmart Supercenter right of away please because East Palmdale Ca Walmart Supercenter and West Palmdale Ca Walmart Supercenter is taking Our Business away from Us at Palmdale Ca Walmart Supercenter. just get rid of East Palmdale Ca Walmart Supercenter and West Palmdale Ca Walmart Supercenter right of away please so We can get Busy at Palmdale Ca Vallarta Supermarkets and get more Working Hour and get more Money to Pay Our Bill on time, Walmart own Sam’s Club,
    Thank You Very MuchFrom Tom P Noonan

    Reply
    • RandomHobo
      September 27, 2012

      Phuk you bick! Wal-Mart be pimpin’

      Reply

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