the inconvenient truth

courtesy of the fcpa professor for the whole story please click the link

the inconvenient truth

Over the past 18 quarters, Wal-Mart’s FCPA and compliance-related costs have been approximately $113,00, $80,000, $195,000, $260,000, $275,000, $465,000, $445,000, $396,000, $520,000, $470,000, $470,000, $516,000, $563,000, $640,000, $662,000, $855,000, $1.1 million and $1.3 million per working day.

In the aggregate, Wal-Mart’s disclosed FCPA and compliance-related costs are as follows.

FY 2013 = $157 million

FY 2014 = $282 million

FY 2015  = $173 million

FY 2016 = $126 million

FY 2017  = $99 million

FY 2018 = $40 million

TOTAL: $877 million