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:: Wednesday, March 19, 2003 ::
Wal-Mart shows evidence of "collective psychopathy" In violation of Texas law, Wal-Mart has been taking out life insurance policies on its employees without their knowledge and naming the company as beneficiary. Another prominent user of these "dead peasant" insurance policies is, you guessed it, Enron. The difference between the Enron and Wal-Mart in this matter is that Enron didn't break Texas Law as did Wal-Mart. In Texas, it is illegal for any person or company to take out a life insurance policy on any other person without telling the person first. Wal-Mart chose to ignore Texas law when it took some 350,000 dead peasant policies on employees, including Texas employees, without telling them.
posted 9:47 AM :: reference link ::
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