Tag Archive for ‘The New york Times’
Leading consumer and media organizations asked a federal appeals court to unseal dozens of documents related to a closely watched product safety and business confidentiality dispute cloaked in extraordinary secrecy.
The New York Times reported this week that Walmart allegedly engaged in a vast campaign of bribery to expand the company’s Mexico business in the early 2000s, potentially violating U.S. law. The scheme was allegedly overseen by a Walmart executive, Eduardo Castro-Wright, described by The Times as “the driving force behind years of bribery” totaling millions of dollars.
One of the most persistent corporate responsibility issues for many global brands is how to manufacture products in less developed countries while paying fair wages and maintaining acceptable working conditions. The New York Times reports on an experiment by a U.S. clothing company that is paying factory workers in the Dominican Republic a “living wage” – three times the average pay of the country’s apparel workers.
Last December, a $500 donation could buy a ticket to a fundraiser that, the invitation said, would feature “Bojangles’ Fried Chicken, Krispy Kreme Doughnuts, And Mel Watt, of course!” Two days later, Watt, a Democratic congressman from North Carolina, withdrew a provision from the House’s financial reform bill that would have regulated loans from car dealers.
The bill, which passed the Senate by a vote of 59-39, requires directors to win by majority vote in uncontested elections, gives the SEC authority to grant shareholders proxy access to nominate directors and gives shareholders the right to a nonbinding vote on executive pay. The measure must be reconciled with a House bill.