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Supposed to be from unauthorized gift cards

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supposed to be from Unauthorized gift cards, fabricated expenses and reimbursements. ViceChair Coughlin was compelled to vacate his post as the scandal not public to cover up thescandal. Thomas Coughlin during the trial of the case pleaded guilty and asked the federal wirefraud and tax evasion charges. During that the money found from Walmart had been taken byCoughlin for his personal expenses. Because of this fraud Walmart dropped out of the retirementagreement and sawyer Coughlin for the fraud. The amount of retirement agreement was $10million. The sentence of Coughlin was $440,000 in fines, 27 mounts long house arrest and had toundergo 1,500 hours of community service. In consequence to this the non-family stockholder tovote in opposition to electing any family executives with Robson Walton and Sam Walton’s sonin 2012.
10Cover Model ProjectIssuesThomas Coughlin served as vice chairman of Walmart and the ethical issue in this situation isthat he stole $500,000 for his own use and that is not acceptable. Situations as such usuallyhappen with big companies and a lot of people might be getting away from it and so he thoughthe could too, but he also did for a short span. This is not possible because he was under watchand due to that shareholders lost the trust, which led to them trying to make the higher authoritieslose the right to vote to change the executives. They didn’t succeed in doing so because thesepeople have too much power, where at a point it seems like they are untouchable. Since then, thecompany has been making sure everyone follows what the members of the company aresupposed to follow.AlternativesThe company managed to be a part of quite a few illegal activities, and they have not even beenaround the market for a century. There are quite a lot of options for Walmart to do things in adifferent way. The way to make sure situations like vice president stealing money from thecompany would be to closely monitoring the executive’s expenses. This would prove that thecompany doesn’t want to take a part in illegal activities anymore and they are changing. Theshareholders having a say is very important and for that they need to keep changing the leadersto have a new start. This has already been tried but having it more often such as every time theyhave a re-election would be a great idea.StakeholdersWalmart stakeholders includes shareholders, employees, customers and governments. Walmarthad to face many obstacles to reach its highs of prosperity and the case that we disused haveimpacted the brand of Walmart. Walmart has emerged from its circumstances to prevail. The
11Cover Model Projectshareholders are critical part of the company. The company need to maintain a good image and aprofitable margin to attract and keep shareholders. The major decisions made by the company aredone in accordance with the stake holders and they strongly influence the shareholders. Thecustomers are not affected by the issues as they are just the consumers of the product.

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Term
Spring
Professor
JohnDevlin

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