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The human animal is a wondrous, industrious creature with finely tuned faculties that have been put to work reshaping the world.
What message is really being sent by envelopes stuffed with cash?

Wal-Mart, of course, is looking into allegations that it sped up its Mexican expansion with a series of bribes. And Avon has for years been looking into whether its entry into China had some illicit help.

Thumbnail image for walmart-1.jpgIt can be hard to get a handle on Wal-Mart with its 2.1 million workers, 37.2 square miles worth of retail space and $447 billion in revenues.

As the retailer has settled into utter domination and fended off accusations that it unfairly overwhelms main street stores and doesn't treat workers properly, it's been tricky for the company to talk about itself. Wal-Mart has a story to sell to Wall Street, but also has to keep peace with employees and customers.

One small but telling piece of this effort is the cover of its annual report, the evolution of which illustrates the company's move from regional upstart bragging about its growth to global behemoth trying to connect with everybody and only partially succeeding.

In deal parlance, the very public letter Coty chairman Bart Becht sent to Avon chief Andrea Jung earlier this week is called a "bear hug." That's because taking a $10 billion takeover offer directly to shareholders is a particularly uncomfortable way for Coty to express its affection.

For even small shareholders, executive compensation is a big issue -- no matter how much a company's leaders talk about doing right by investors and employees, it matters how the top dogs are motivated and paid.
When Karen Hoguet, Macy's chief financial officer, took a gentle swipe at Ron Johnson's plan to revive J.C. Penney, she sparked an interesting side debate.


Jil Sander and Ron Johnson might be on opposite ends of the fashion spectrum, but they're still on the same wavelength. Just listen to what they're saying.

The fashion elite are gathering to search for glamour in a series of tents. Big money investors are circling the heavily indebted Barneys New York. Ralph Lauren is printing money, almost completely unhindered by the shuttering of American Living. J.C. Penney is reinventing, again.

And the Juicy girls are back -- and still wacky.

David Dyer, president and chief executive officer of Chico's FAS Inc. did a rather shocking thing yesterday: He told an unadorned and uncomfortable truth.


Ron Johnson's tenure as chief cheerleader and chief executive officer at J.C. Penney Co. Inc. got its public start in the most scripted of forums this week -- the prepared remarks portion of the company's third-quarter conference call.

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