Hacker News new | ask | show | jobs
by hanniabu 2560 days ago
Let's just say employees raise alarm and they're intentionally ignored to sweep things under the rug, I feel it'd be incredibly easy to claim that nothing happened due to improper record keeping

Also, if Walmart wasn't in the wrong then why would they agree to a $330M settlement?

1 comments

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.
“$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!).