Re:Walmart Pleads Guilty After a Decade of Bribes
by adventured on Friday June 21, 2019 @12:10AM
(#20239810)
A $330 million settlement for a company with a $500 billion per year business. That's a business nearly the size of Poland's entire economy. It's a very small settlement. It's entirely plausible that what they did was not as bad as what the mob would like to believe, and that also they're not innocent.
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Re:Walmart Pleads Guilty After a Decade of Bribes
by boulos on Friday June 21, 2019 @01:17AM
(#20240055)
“$500 billion per year business” is a sort of meaningless term, especially in retail, when you compare to the fine.
Walmart’s operating income was “just” $22M with a final net income of “just” $6.7B (in the ballpark of large tech company quarterly profits).
It’s still true that a $330M settlement is then just 5% of their annual profit (and thus looks like that’s how the number was chosen), but comparing to their $500B revenue isn’t directly meaningful (though it is for your Polish GDP, sort of!).