Taylor Swift, country music’s current sweetheart, performed at the Wal-Mart annual meeting Friday. But her record label doesn’t really want you to know that. Or at the very least, they didn’t want you to see or hear her.
Neither side is saying why, but is this a good time to mention the Mexican bribery allegations swirling around Wal-Mart?
Wow, it only 6 weeks for $BBY to name a CEO… um, search firm?
By Brad Dorfman and Martinne Geller
(Reuters) – Best Buy Co Inc founder Richard Schulze is stepping down as chairman after he failed to tell the board that a former chief executive had an improper relationship with a female employee, the electronics retailer said on Monday.
Best Buy said the board’s investigation had found that former CEO Brian Dunn’s relationship “negatively impacted the work environment,” but involved no misuse of company resources.
By Brad Dorfman
(Reuters) – Best Buy Co Inc founder and Chairman Richard Schulze is stepping down after he failed to tell the board that former Chief Executive Officer Brian Dunn had violated company policy by having “an extremely close personal relationship” with a female employee, the electronics retailer said on Monday.
Best Buy said an investigation by the board had found that the relationship “negatively impacted the work environment,” but involved no misuse of company resources.
By Brad Dorfman
(Reuters) – The second largest U.S. public pension fund on Thursday said that allegations of bribery in Mexico and a cover up by top management at Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research, Stock Buzz) raises the question of whether top leadership should remain in place at the company.
But officials with the California State Teachers’ Retirement System, which sued Wal-Mart current and former executives on Thursday, stopped short of calling for CEO Mike Duke to step down.