Coughlin's attorney commenting in this morning's Arkansas Democrat Gazette:
An attorney representing former Wal-Mart Vice Chairman Thomas Coughlin denied allegations that his client misspent as much as $500,000 in company money. "He�s not guilty of any wrongdoing," William Taylor, a Washington D. C.-based attorney who specializes in white-collar crime and litigation, said late Tuesday.
According to what I've heard from former co-workers at the home office, this is probably correct as a legal matter, but apparently there was some knowledge of what was happening that wasn't addressed.
The other "unnamed officer" that was either asked to resign or fired (depending on who you talk to) was Rob Hey. Hey was a long time director in the operations department on the Wal-Mart Stores side and was later promoted to VP. He was also a Coughlin prot�g�.
Yeah, my name has been sitting on the sidebar over there for a long time and yes, this is my first post. Thanks to Kevin for the opportunity and the patience.
I was a manager at the home office for five years prior to heading for the greener (REALLY greener) pastures of Vendorland. Obviously, my name isn't Angus, but I still do a lot of work with WM, and I would like to continue. I'm happy though, to be able to use this forum to share the reactions I see here in Bentonville to the various stories about the company.
Posted by Angus on March, 31 2005 at 09:49 AM
