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-August
2, 2007 |
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Home
Depot announced this week that four Georgia-based
purchasing managers were fired for allegedly
accepting large sums of cash from foreign
flooring vendors in exchange for shelf space.
Officially,
Home Depot spokesman Jerry Shields claimed
the firings were for “not following
company ethics and business conduct.”
At this time, Home Depot is refusing further
comment on the firings as they are cooperating
with law enforcement authorities as to wire
or mail fraud violations and the matter
is still under investigation.
Considering
the intense battling over shelf space at
large retail stores, it’s not surprising
that these types of ethical violations occur
as product vendors search for ways to entice
retailers to give their products display
space.
Despite
the fact that it appears that this case
is limited to a few rogue, lower-level managers,
Home Depot has responded with an announced
tightening of its ethics code. In an effort
to be clear about what constitutes an ethics
violation, the company has adopted a zero-tolerance
policy in which merchandising employees
can’t accept gifts of any kind.
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