Now this is amusing news.
Wal-Mart, the world\’s biggest retailer, was the whistleblower behind the Office of Fair Trading\’s current probe into alleged price fixing of food and toiletries, The Sunday Telegraph can reveal.
So, why did they do it?
In blowing the whistle, Wal-Mart, which owns the Asda chain, has guaranteed itself immunity from a fine should the OFT discover any cartel activity. Any company found guilty could be fined up to 10 per cent of its annual worldwide sales, which in Wal-Mart\’s case would be $37bn (£18.7bn).
No, I don\’t think it\’s so that they can avoid the fines themselves. Rather, they can cripple their competitors by forcing them to pay such fines while they get off scott free.
Telling teacher about the naughty boys is now part of the game theory of running a corporation. What fun, eh?
Whether or not there are in fact any naughty boys around….even, in fact, if you yourself are the naughty boy as long as you snitch first….