Similar Stories to Top Walmart Official Says Retailer Strives To Prevent Corruption on Bing News

The United States certainly believes this, which is why Congress passed the Foreign Corrupt Practices Act in 1977, barring American companies from bribing foreign officials. “There is no textbook on how to be a chief compliance officer,” Jorgensen told a group of students and faculty at a UC Davis law school symposium Friday. [...] Jorgensen is writing that textbook as we speak. The nation’s largest retailer hired him in 2013 to help overhaul a company badly shaken by allegations its executives regularly bribed officials in Mexico to speed up store construction. In addition to hiring Jorgensen, Walmart has spent $100 million over the past two years hiring thousands of employees to work on compliance, reorganizing its corporate structure, training workers and rolling out new technology. Today, faster transportation and the Internet have largely erased national borders, aided by major trade deals like NAFTA and the still pending Trans-Pacific Partnership agreement. [...] Obama has made the push for American companies to export more goods and services overseas a central part of his legacy. [...] as the U.S.

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