By Tamera Adams
tadams@nationaljeweler.com

According to a recent federal court filing mentioned on NWAnews.com, former Wal-Mart executive Julie Roehm testified that Wal-Mart Chief Executive H. Lee Scott purchased a large pink diamond at preferential pricing. Since Wal-Mart's ethics rules prohibit employees from receiving free goods from suppliers, the accusation could have serious consequences. After all, they did for Roehm who was given the ax in December for violating the same rule (and for indiscretions with a subordinate), according to the report.


The items Roehm allegedly received from suppliers included gifts, liquor and lavish dinners, whereas Roehm is accusing Lee of taking advantage of preferential pricing on yachts and the aforementioned diamond.

Of course, either action can lead to the dishonest practice of favoring one vendor over another. But is it more of an infraction to allow a vendor to ply you with free gifts, or to accept discounts on sizeable personal purchases?






Get the Daily News >
National Jeweler

Fine Jewelry Industry News

Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.