Friday headline roundup

My personal Wal-Mart nightmare: You won’t believe what life is like working there (Salon, 5/8/2014)

There are so many of us who have it so hard – trying to live paycheck to paycheck. While the president is here visiting my store, I want him to look inside at what is really happening at Wal-Mart. I want the president to help us and tell Wal-Mart to pay us enough to cover the bills and take care of our families. That doesn’t seem like too much to ask from such a profitable company, a company that sets the standard for jobs in this country. And I hope it’s not too much to ask from a president who believes that income inequality is the defining challenge of our time.

 

Wal-Mart should face lawsuit over Mexico operations: U.S. judge (Reuters, 5/9/2014)

Wal-Mart Stores Inc. should face a U.S. shareholder lawsuit accusing it of concealing suspected corruption at its Mexico operations, even after learning that a damaging media report was being prepared for publication, a federal judge said.

 

Walmart compliance overhaul falls short on transparency, missing key element of clawback disclosure (Press release, 5/6/2014)

“In the interest of good corporate citizenship, and preserving shareholder value, we urge Walmart to follow the examples set by other companies and adopt the type of disclosure policies we are advocating for now,” says Atwood. “What are they waiting for? Transparency is good corporate policy.” “Two years after a costly corruption scandal came to light, Walmart has yet to disclose any effort to recoup incentive pay from executives who failed to prevent grave legal and regulatory violations,” says Scott Zdrazil, Director of Corporate Governance at Amalgamated Bank. “Transparency promotes accountability. We believe disclosure would prevent future damage to shareholder value.”

 

Walmart is the last place Obama should be making a clean energy speech (Grist, 5/9/2014)

Walmart — despite its skill in attracting publicity like this — is a laggard on renewable energy and one of the biggest and fastest-growing climate polluters on the planet. While many competing retailers are already running on 100 percent renewable power, Walmart’s wind and solar projects supply just 3 percent of its U.S. electricity — and that’s down from 4 percent two years ago. Walmart’s fossil fuel consumption and climate emissions, meanwhile, are growing rapidly. In the last year alone, Walmart’s climate emissions rose 2 percent, or more than 500 million metric tonnes. It now ranks just behind Chevron on the list of biggest climate polluters.

What do you think?