Thursday, April 10, 2008

You can't fix stupid!!

I am back after my 6 day vacation from blogging. Many have heard about the weather that went through the south last Friday and I was present where it all started. Finally got internet service back Tuesday night and have been catching up. But it is good to be back on line.

You would think that Wal-mart, being a rather large corporation, would have been smarter than this. But sometimes you just can't fix stupid.

A production company was hired by Wal-mart to video their share holder meetings as well as other high level meetings. Well, after taping these events for over 30 years the production company was told to take a hike back in 2006.

Now the production company is offering access to the video archives of all these Wal-mart meetings. The company charges $250/hour for video search services. There is an extra charge for making DVD copies of video footage. People are lining up at the door to obtain video from these meetings.

Now who would want to pay that kind of money for some lame Board of Directors Meeting footage? How about every lawyer that is currently engaged in litigation against the retail giant!! And they are finding a wealth of information that will aide their clients in their claims against the company.

Now on the surface of it one would have to wonder how this production company can get away with selling this kind of information. After all, Board meetings and the like are usually considered private and not for public consumption. Well the answer is both simple and ridiculous.

When Wal-mart hired the production company there were no contracts signed. They were asked to come in and tape the meetings and events. There was never a contract or agreement of confidentiality.

When Wal-mart pulled the plug in 2006 the company found itself losing about 95% of its business. Rather than going under they decided to make the video archive available for public consumption.

There is footage of male managers at an executive meeting parading around in drag and I am sure that there are more nuggets just waiting for someone to review the right video cassette.

Now I am not a lawyer and I didn't play one on TV. I also did not stay at a Holiday Inn Express last night. But I do question whether this little venture is legal. But we can leave that up to the courts to decide. Wal-mart for has offered to pay $500,000 for the entire collection. A number that the production company says is way to low for a collection that is worth millions.

Yes...I can see it now...coming to a theater near you and soon to DVD...Wal-mart:The Movie!!

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