Monday, August 14, 2006
Former Wal-Mart Executive Sentenced to Home Detention
The former vice chairman of Wal-Mart Stores, Thomas M. Coughlin, who pleaded guilty to stealing money, merchandise and gift cards from the retailer, was sentenced on Friday to 27 months of home confinement and five years of probation.
Mr. Coughlin, 57, once the retailer’s No. 2 executive, avoided prison time, but was also ordered to pay a $50,000 fine and about $411,000 in restitution to Wal-Mart Stores and the Internal Revenue Service.
The number 2 executive sentenced to Home Detention for stealing money merchandise etc... It's comical to think of Coughlin's home as a detention hall. If any of us were sentenced to stay his multi-million dollar estate for 27 months, I don't think we would be too upset. Add another brick in the wall of Wal-Mart's irresponsible practices.
Read the NYT Article Here
Posted by WMFNYC at 8/14/2006 11:23:00 AM