Sep 30, 2019
Walmart was found guilty of paying off officials in various countries to get better results when it bought property, or easier regulations when it applied for permits. The money paid got the company favorable results, for example, in Brazil and India.
After seven years of investigation, Walmart will pay a fine of 282 million dollars. Does it sound like a big amount? For this multi-billion dollar company, the fine is one-20th of one percent of its income in the past year. That fine is similar to a person making $50,000 per year and getting a $25 parking ticket!
It’s worth a traffic ticket if you get to park wherever you want whenever you want, at least for big corporations like Walmart.