Summary Box: Wal-Mart vows integrity

AP News
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Posted: Jun 01, 2012 2:27 PM
Summary Box: Wal-Mart vows integrity

THE NEWS: Wal-Mart Stores Inc.'s chairman and CEO said the world's largest retailer is committed to integrity at the company's annual shareholder meeting on Friday.

THE CONTEXT: The company was celebrating its 50th anniversary during the meeting. But the celebration was overshadowed a story by The New York Times in April that said the company allegedly failed to notify law enforcement after finding evidence that officials authorized millions of dollars in bribes in Mexico to get speedier building permits and other favors.

WHAT'S NEXT: Preliminary results show all board members were re-elected. The final tally is due Monday.