In an interview earlier today with CNBC, Warren Buffet expressed very little concern over the super retailer’s recent issue with suspected bribery down in Mexico. Although certainly a black eye for the management team, Buffett feels the situation is a representation of bad choices made by a few rather than a deeper rooted issue of widespread poor practices. Considering the retailer’s recent issues with workers unpaid overtime, legal issues with the treatment of women, and other socially based blemishes, I wouldn’t be so quick to dismiss this as a case of “a few bad apples.”
(As of December 31, Berkshire’s 39.04 million share stake in Wal-Mart was worth $2.33 billion)
Buffetts opinion on Walmart not changed by scandal | Reuters.