Walmart Abroad
Fortunately, everything went back to normal. Soon, people forgot all about the controversial issue and went on with their grocery shopping. As the heat seemed to die down in America for Walmart, the smell of smoke was coming from neighboring Mexico. The issues Walmart was facing in Mexico were far more than $10, it involved millions of dollars and the Mexican government.
Walmart Abroad
Did you know that Walmart Mexico is also a publicly traded company on the Mexican Stock Market known as Walmex? What really happened with Walmart and the government of Mexico? Is it an ethical or a political issue? Let’s find out!
Mexico’s Story
In 2012, Mexico’s Walmart – Walmart de Mexico – was involved in a series of bribery allegations that caught the media’s attention. Mexico became dotted with Walmart stores in a very short amount of time. In fact, it was so quick that many claimed that the speed at which they popped up meant that they were not built legally. The CEO of Walmart de Mexico was said to have personally delivered suitcases of cash to Mexican officials so that he could get building permits.
Mexico’s Story
It is an ethical issue that Walmart participated in bribery to get what it wanted in Mexico and lied once they were confronted. Executives were aware of the bribery and corruption taking place in the Mexican operations but failed to stop it.