Because They Are Scorpions
If being committed O’Reilly advertisers wasn’t enough: Home Depot Rocked By Kickback Scandal
(CBS) In an exclusive, CBS News has learned of a corruption scandal involving The Home Depot.
In recent weeks, four Home Depot purchasing managers were fired at a meeting at an Atlanta hotel for their role in the scandal, reports CBS News chief investigative correspondent Armen Keteyian.
The managers were allegedly paid enormous sums — totaling millions of dollars — to insure that certain flooring products made their way onto the company’s shelves, which is among the most competitive retail real estate in the world.
Obviously these senior managers had no loyalty to the corporation, which usually means they didn’t feel they were treated well. When one manager does something, that can be an individual problem, but when four are involved you have a system problem.
The people who paid the bribes obviously calculated that they would make the money back in profits, so customers paid for it in higher than necessary prices for the quality of the goods sold. Other companies paid for it by not getting an opportunity to compete.
Management says it will hold ethics meetings for all employees. All employees don’t need it, the problem is in management. When you fire the CEO and he gets a $210 million severance package after screwing up, the problem is in senior management.
4 comments
Am I surprised? Why, I’m floored!
I guess they figured out that Bill O’Reilly was a bad idea, but it’s too late.
Their plumbing department sucked anyway. It is geared towards irrigation rather than household plumbing.
Bryan, that seems to vary by region. That said, I can’t get Schedule 80 PVC there, just Schedule 40. I needed Schedule 80 to make spring spacers, had to go to Lowes for that.
I play hell getting Sched 40 bigger than an inch, and the manufacturer recommends 2″ sched 80 for the inlet and outlet on my irrigation pump. The assumption seems to be that everything above an inch is waste line.
They apparently have a corporate data base of buying patterns, and only stock what they think people are buying locally. The problem is that some of this stuff, like the heavier plastic pipe, was once stored locally in dirt cheap warehousing that was part of the WWII explosion and built by the railroad. The warehousing got hosed in Opal and Ivan, so we are having to buy it again from outside as no one warehouses anymore.
I waste more time getting things shipped in to the local lumber yard, because the box stores don’t want to special order less than a pallet of anything.
A lot of the recent development has been by outside people who bring their own materials with them, just like Wal-Mart, Lowe’s, and Home Depot do when they build.