Lawmakers: Duke Knew About Mexican Bribes
Walmart CEO Mike Duke is again on the hot seat with documents released by two lawmakers Thursday (Jan. 10) that indicate Duke was made aware of the Mexican bribery actions as early as 2005.
The retail giant insists there is no new information in the documents released today and says it continues to work diligently with all of the investigating parties.
Shares of Walmart stock reacted negatively to that announcement made Thursday morning dipping about 1% trading around $67.90 at the noon hour.
Congressmen Elijah E. Cummings and Henry A. Waxman, who are investigating bribery charges at Wal-Mart, said they have documents that state Duke was informed about the bribery allegations several times. Click here to read the full story from our partners at TheCityWire.com.