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Wal-Mart CEO Says All Staff ‘Accountable’ for Standards

Wal-Mart Stores Inc. Chief Executive Officer Mike Duke said all of the company’s staff are “accountable” for its standards and it has taken “a number of concrete steps” over the last year to strengthen its compliance programs.

The retailer is conducting an “aggressive investigation” into alleged violations of the U.S. Foreign Corrupt Practices Act and “will not tolerate violations anywhere or at any level of the company,” Duke said in a memo to employees yesterday, obtained by Bloomberg News.