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Week of Mon, Apr 23rd, 2012

Walmart boosts internal controls

Walmart has strengthened its internal controls, including creation of a new corruption watchdog position, in the wake of reports of a bribery scandal in its Mexican operations.

Flur set to exit Family Dollar

Dorlisa Flur, vice chair-strategy and chief administrative officer at Family Dollar Stores Inc., is slated to leave the company next week.

Walmart responds to corruption charges

Walmart this weekend responded to a New York Times article alleging the retail giant covered up evidence of bribery in its Walmart de Mexico unit and that the cover-up was effected with the knowledge of Walmart's most senior management.