Friday, 9th December 2011
WAL-MART UNETHICAL BUSINESS PRACTICE
* General Description
Wal-Mart is an American company specialized in mass-market retailing, founded by Sam Walton in 1962 in Arkansas. He made it into the leader in discount retailing that is today. In fact, the company is worldwide extended. With 16’389 billion $ of profit, Wal-Mart is the first world company in terms of sales and is considered as the biggest company in the United States. According to PBS, “Wal-Mart employs more people than any other company in the United States outside of the Federal government, yet the majority of its employees with children live below the poverty line.” In addition, Wal-Mart is the first private employer with 1.2 millions employees around the world. The company use to say its products are “Made in the U.S” but in reality they are made in foreign countries and in questionable workshops. As a result, many manufactures are out of the markets. Consequently, Wal-Mart is facing an important amount of controversy for unethical business practices include the following.
* Unfair Treatment of Women Employees:
Wal-Mart has been accused of discriminating against women. They are underpaid, that is men are more paid than women. There are over 70 percent of women working at Wal-Mart, but only a small amount of those women are managers. So, men are holding more management positions than women. A group of 6 women (current and former) employees in California prosecute Wal-Mart for discrimination. According to Hoover’s handbook of American Business: “In June 2001 a group of six current and former female Wal-Mart employees filed a sex discrimination lawsuit (seeking to represent up to 1.6 million current and former Wal-Mart workers) against the company.” An U.S judge certified that these 6 women represent all female employees of Wal-Mart. According to Jessica...