Other stakeholders who worked together with Cicero were the board chairman, chief auditor, general counsel and the top real estate executives.
Another stakeholder at the center of the bribery claims was the company chief executive, Eduardo Castro-Wright. Castro-Wright encouraged payments, whereby he described bribes as payments for some specific purposes, which aimed at enabling the company to build hundreds of new stores. These bribes were being recorded in the accounting records as simple legal fees (Barstow). As a result of the fast growth of the company’s outlets through bribes, Mr. Castro-Wright was promoted to a senior position and even included on the executive committee of the companys inner sanctum.
The company CEO Lee Scott, Jr. is among the company’s stakeholders. He is the person who holds the top most position in Wal-Mart Company. Therefore, he was the one to create awareness the public about the bribery claims against the company. Investors or shareholders are other stakeholders of the company since their finances are for development purposes among other tasks. The government of Mexico and that of the United States are other stakeholders since the company operates in their territories.
The Government of U.S and Mexico could salvage the firm from bribery claims. They should have influenced and dictated how the business of Wal-Mart was being carried out. Unfortunately, government officials accepted bribes so as to pave way for some business malpractices to be operated in their territory at the expense of other stakeholders and the general public at large. Therefore, government officials would have taken urgent steps in order to prevent the growth of business malpractices in the business fraternity of the two countries.
The company CEO, H. Lee Scott Junior is another stakeholder and the company official who was very