Comments on: The Wal-Mart mess: Everybody does it (and we don’t mean bribery) http://blogs.reuters.com/jack-and-suzy-welch/2012/05/01/the-wal-mart-mess-everybody-does-it-and-we-don%e2%80%99t-mean-bribery/ Fri, 12 Oct 2012 21:02:59 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: tmc http://blogs.reuters.com/jack-and-suzy-welch/2012/05/01/the-wal-mart-mess-everybody-does-it-and-we-don%e2%80%99t-mean-bribery/#comment-639 tmc Thu, 03 May 2012 11:13:29 +0000 http://blogs.reuters.com/jack-and-suzy-welch/?p=128#comment-639 Why does Reuters continue to provide a pulpit for these 20th century sophists? Why does Reuters continue to provide a pulpit for these 20th century sophists?

]]> By: Salemwitch http://blogs.reuters.com/jack-and-suzy-welch/2012/05/01/the-wal-mart-mess-everybody-does-it-and-we-don%e2%80%99t-mean-bribery/#comment-637 Salemwitch Wed, 02 May 2012 22:09:11 +0000 http://blogs.reuters.com/jack-and-suzy-welch/?p=128#comment-637 Jack Welch knows about being crummy to people, he is king in that department. I was granted , by law , QDRO, to be able to stay on GE employee benefits until retirement. GE did not pay the premiums, I paid and never missed a payment.. AT the time there were about 20 older women in the whole US on this plan. For some reason Jack Welch decided to throw us off of the insurance plan a few years later, by this time only about 7 women were left alive. 7 in the whole county ! I contacted Jack directly and was told "He knew it was not right and against the law , but his company had more lawyers and more money than I did and he would wear me down." And he did.. I wrote to him personally since I grew up with him, knew his family in Salem MA and thought he might reconsider when he knew how few older women were left.... A big resounding NO..... It made my life very difficult for years and I am still bearing some of the financial repercussions to this day. So yes, Jack can spot sleaze and underhandedness in businesses,,he knows it first hand....so GO Jack, hope you choke on your money ! Jack Welch knows about being crummy to people, he is king in that department. I was granted , by law , QDRO, to be able to stay on GE employee benefits until retirement. GE did not pay the premiums, I paid and never missed a payment..
AT the time there were about 20 older women in the whole US on this plan. For some reason Jack Welch decided to throw us off of the insurance plan a few years later, by this time only about 7 women were left alive. 7 in the whole county !
I contacted Jack directly and was told “He knew it was not right and against the law , but his company had more lawyers and more money than I did and he would wear me down.” And he did..
I wrote to him personally since I grew up with him, knew his family in Salem MA and thought he might reconsider when he knew how few older women were left….
A big resounding NO…..
It made my life very difficult for years and I am still bearing some of the financial repercussions to this day.
So yes, Jack can spot sleaze and underhandedness in businesses,,he knows it first hand….so GO Jack, hope you choke on your money !

]]> By: GA_Chris http://blogs.reuters.com/jack-and-suzy-welch/2012/05/01/the-wal-mart-mess-everybody-does-it-and-we-don%e2%80%99t-mean-bribery/#comment-636 GA_Chris Wed, 02 May 2012 16:19:13 +0000 http://blogs.reuters.com/jack-and-suzy-welch/?p=128#comment-636 The key defect in the whole analysis is that Walmart's internal compliance process worked well, a complaint triggering an investigation and concerns being raised. No one ignored the allegations. Where they should be ripped apart is the fact that the internal audit was ignored (Jack, would you have ignored CAS recommendations?), and then the investigation was handed to the principal accused, a sure way to bury it. If they had ignored a simple complaint.. no issue, it happens, but in this case they ignored a semi independent investigation. For this, they should be fined, heads roll and an independent monitor put in place, if found guilty. The key defect in the whole analysis is that Walmart’s internal compliance process worked well, a complaint triggering an investigation and concerns being raised. No one ignored the allegations.

Where they should be ripped apart is the fact that the internal audit was ignored (Jack, would you have ignored CAS recommendations?), and then the investigation was handed to the principal accused, a sure way to bury it.

If they had ignored a simple complaint.. no issue, it happens, but in this case they ignored a semi independent investigation. For this, they should be fined, heads roll and an independent monitor put in place, if found guilty.

]]> By: BobAbeel http://blogs.reuters.com/jack-and-suzy-welch/2012/05/01/the-wal-mart-mess-everybody-does-it-and-we-don%e2%80%99t-mean-bribery/#comment-634 BobAbeel Wed, 02 May 2012 13:35:20 +0000 http://blogs.reuters.com/jack-and-suzy-welch/?p=128#comment-634 Great piece, Jack! One further point that I may add is to make the whistle-blower accountable for the "wasted, false alarms." Let them know that you take their input serious. But when these situations amount to nothing, or much smaller than advertised, it takes you away from MORE SERIOUS and PRESSING issues. Hopefully, that will help keep the SITUATIONS from becoming grasps for attention. Great piece, Jack!

One further point that I may add is to make the whistle-blower accountable for the “wasted, false alarms.”

Let them know that you take their input serious. But when these situations amount to nothing, or much smaller than advertised, it takes you away from MORE SERIOUS and PRESSING issues.

Hopefully, that will help keep the SITUATIONS from becoming grasps for attention.

]]> By: IDONTGETIT http://blogs.reuters.com/jack-and-suzy-welch/2012/05/01/the-wal-mart-mess-everybody-does-it-and-we-don%e2%80%99t-mean-bribery/#comment-632 IDONTGETIT Wed, 02 May 2012 12:56:37 +0000 http://blogs.reuters.com/jack-and-suzy-welch/?p=128#comment-632 WAlmart is good. THey pay crappy wages use Part time workers with variable shifts to screw them out of paying benefits. Most of the stuff is junk from China. Are you kidding Me! They wipe out mom and pop stores and ruin the profitability of all the other nearby competition. So how much do they Donate to Congress and who else do they bribe? WAlmart is good. THey pay crappy wages use Part time workers with variable shifts to screw them out of paying benefits. Most of the stuff is junk from China. Are you kidding Me! They wipe out mom and pop stores and ruin the profitability of all the other nearby competition. So how much do they Donate to Congress and who else do they bribe?

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