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==Legal troubles==
==Legal troubles==
In March 2005, Wal-Mart announced that Coughlin had resigned from the board of directors as a result of an internal investigation.<ref>{{cite web|url=http://walmartstores.com/FactsNews/NewsRoom/5113.aspx |title=Walmart Corporate - We save people money so they can live better |publisher=Walmartstores.com |date= |accessdate=2016-04-01}}</ref> The investigation alleged that the use of corporate-owned gift cards and personal reimbursements estimated to be in the range of $100,000 to $500,000.<ref>[https://www.sec.gov/Archives/edgar/data/104169/000116923205001822/d63123_8k.htm Details], sec.gov; accessed April 2, 2016.</ref>
In March 2005, Walmart announced that Coughlin had resigned from the board of directors as a result of an internal investigation.<ref>{{cite web|url=http://walmartstores.com/FactsNews/NewsRoom/5113.aspx |title=Walmart Corporate - We save people money so they can live better |publisher=Walmartstores.com |date= |accessdate=2016-04-01}}</ref> The investigation alleged that the use of corporate-owned gift cards and personal reimbursements estimated to be in the range of $100,000 to $500,000.<ref>[https://www.sec.gov/Archives/edgar/data/104169/000116923205001822/d63123_8k.htm Details], sec.gov; accessed April 2, 2016.</ref>


Beginning in July 2005, he was the subject of a [[United States Department of Justice]] investigation, as well as a lawsuit by Wal-Mart, and was reviewed by a federal [[grand jury]] over misuse of company [[gift card]]s. When the charges first surfaced in April 2005, Coughlin claimed the money he embezzled was being used to pay bribes to [[trade union]] officials not to organize at Wal-Mart locations and to identify pro-union Wal-Mart workers.<ref>{{Cite news|url=https://www.washingtonpost.com/wp-dyn/content/article/2005/04/08/AR2005040802016.html|title=Coughlin Says Cash Helped Wal-Mart|last=Barbaro|first=Michael|date=2005-04-09|access-date=2018-03-12|language=en-US|issn=0190-8286}}</ref>
Beginning in July 2005, he was the subject of a [[United States Department of Justice]] investigation, as well as a lawsuit by Walmart, and was reviewed by a federal [[grand jury]] over misuse of company [[gift card]]s. When the charges first surfaced in April 2005, Coughlin claimed the money he embezzled was being used to pay bribes to [[trade union]] officials not to organize at Walmart locations and to identify pro-union Walmart workers.<ref>{{Cite news|url=https://www.washingtonpost.com/wp-dyn/content/article/2005/04/08/AR2005040802016.html|title=Coughlin Says Cash Helped Wal-Mart|last=Barbaro|first=Michael|date=2005-04-09|access-date=2018-03-12|language=en-US|issn=0190-8286}}</ref>


He pleaded guilty to five counts of wire [[fraud]] and one count of filing a false tax return related to embezzlement and theft from Wal-Mart while serving as a member of its board.{{cn|date=April 2016}} U.S. Attorney Robert Balfe told reporters the investigation had found no evidence backing Coughlin's earlier claims that the money he took was reimbursement for anti-union activities.<ref name=":1">{{Cite news|url=https://www.washingtonpost.com/wp-dyn/content/article/2006/08/11/AR2006081100547.html|title=Former Wal-Mart Exec Sentenced for Theft|date=2006-08-11|access-date=2018-03-12|language=en-US|issn=0190-8286}}</ref>
He pleaded guilty to five counts of wire [[fraud]] and one count of filing a false tax return related to embezzlement and theft from Walmart while serving as a member of its board.{{cn|date=April 2016}} U.S. Attorney Robert Balfe told reporters the investigation had found no evidence backing Coughlin's earlier claims that the money he took was reimbursement for anti-union activities.<ref name=":1">{{Cite news|url=https://www.washingtonpost.com/wp-dyn/content/article/2006/08/11/AR2006081100547.html|title=Former Wal-Mart Exec Sentenced for Theft|date=2006-08-11|access-date=2018-03-12|language=en-US|issn=0190-8286}}</ref>


Coughlin was sentenced on August 11, 2006 at [[Fort Smith, Arkansas]], to 33 months in home detention after pleading guilty to stealing money, merchandise and gift cards from the retailer. He avoided any prison detention, but was ordered to serve five years probation, and pay a $50,000 fine and about $411,000 in restitution to Wal-Mart Stores, Inc., and the [[Internal Revenue Service]].<ref name=":1" /><ref>[http://money.cnn.com/2006/08/11/news/newsmakers/walmart.reut/index.htm?cnn=yes Former Wal-Mart exec sentenced]." ''[[CNN]].'' August 11, 2006. Retrieved on August 11, 2006.</ref> He also was sentenced to 27 months of home detention.<ref>[http://www.foxnews.com/story/0,2933,207989,00.html Coughlin sentencing], foxnews.com; retrieved April 4, 2008.</ref>
Coughlin was sentenced on August 11, 2006 at [[Fort Smith, Arkansas]], to 33 months in home detention after pleading guilty to stealing money, merchandise and gift cards from the retailer. He avoided any prison detention, but was ordered to serve five years probation, and pay a $50,000 fine and about $411,000 in restitution to Wal-Mart Stores, Inc., and the [[Internal Revenue Service]].<ref name=":1" /><ref>[http://money.cnn.com/2006/08/11/news/newsmakers/walmart.reut/index.htm?cnn=yes Former Wal-Mart exec sentenced]." ''[[CNN]].'' August 11, 2006. Retrieved on August 11, 2006.</ref> He also was sentenced to 27 months of home detention.<ref>[http://www.foxnews.com/story/0,2933,207989,00.html Coughlin sentencing], foxnews.com; retrieved April 4, 2008.</ref>
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===Other lawsuits===
===Other lawsuits===
Certain former Wal-Mart employees filed lawsuits against Coughlin for their purportedly inadvertent roles in his embezzlement of Wal-Mart funds. Former Administrative Manager Patsy Stephens deposited Wal-Mart money into her personal bank account and then wrote checks for her immediate supervisor (Robert Hey), for Coughlin, and for cash. She claimed she thought these practices were for the benefit of the company.<ref>[http://nwanews.com/bcdr/News/60284/ Details re Patsy Stephens], nwanews.com; retrieved April 4, 2008.{{Dead link|date=March 2018}}</ref> She was convicted on eight counts of wire fraud by a federal jury in November 2007.<ref name="NWAhomepage.com">Lisa Brence, [http://nwahomepage.com/content/fulltext/?cid=9255 Fmr. Wal-Mart Employee Convicted of Fraud], nwahomepage.com, November 30, 2007.{{Dead link|date=March 2018}}</ref>
Certain former Walmart employees filed lawsuits against Coughlin for their purportedly inadvertent roles in his embezzlement of Walmart funds. Former Administrative Manager Patsy Stephens deposited Walmart money into her personal bank account and then wrote checks for her immediate supervisor (Robert Hey), for Coughlin, and for cash. She claimed she thought these practices were for the benefit of the company.<ref>[http://nwanews.com/bcdr/News/60284/ Details re Patsy Stephens], nwanews.com; retrieved April 4, 2008.{{Dead link|date=March 2018}}</ref> She was convicted on eight counts of wire fraud by a federal jury in November 2007.<ref name="NWAhomepage.com">Lisa Brence, [http://nwahomepage.com/content/fulltext/?cid=9255 Fmr. Wal-Mart Employee Convicted of Fraud], nwahomepage.com, November 30, 2007.{{Dead link|date=March 2018}}</ref>


== Personal life ==
== Personal life ==

Revision as of 04:32, 5 June 2018

Thomas M. Coughlin (June 6, 1949 – April 1, 2016) was an American businessman who served as vice chairman of Wal-Mart Stores, Inc. and confidante of founder Sam Walton.

Coughlin was a native of Cleveland, Ohio. He attended St. Edward High School in Lakewood, Ohio, a western suburb of Cleveland, and graduated in 1967. He attended California State University, East Bay in Hayward, California and earned a bachelor's degree in political science.[1]

Career with Walmart

Coughlin began his career with the retailer in 1978 in the company's security division and eventually became vice president of loss prevention. He later became vice president of human resources. From January 1998 to January 1999, he was executive vice president and chief operating officer of the flagship Wal-Mart Stores Division.[2] The next year, he headed the Wal-Mart Stores Division.

In January 2001, Coughlin was elected to the board of directors for ChoicePoint, a publicly traded data aggregation firm.[3] That same year, he was elected to the Walmart board of directors. In August 2002, he was also given the title of CEO for Sam's Club USA. The following April, he became executive vice president and vice chairman of Wal-Mart Stores, Inc.[citation needed]

On December 6, 2004, Walmart announced that Coughlin would retire effective January 24, 2005.[4] When Coughlin's retirement was announced, Walmart praised Coughlin for his longtime success at the corporation. Walmart CEO Lee Scott said in a company-issued press release, "Tom Coughlin has achieved one of the most successful business careers that anyone could imagine".[5]

Walmart Chairman Rob Walton, added that "I particularly respect the special relationship that he has built with our associates in the field. This says a lot about how well Tom Coughlin represents the Walmart culture".[6]

In March 2005, Walmart announced that Coughlin had resigned from the board of directors as a result of an internal investigation.[7] The investigation alleged that the use of corporate-owned gift cards and personal reimbursements estimated to be in the range of $100,000 to $500,000.[8]

Beginning in July 2005, he was the subject of a United States Department of Justice investigation, as well as a lawsuit by Walmart, and was reviewed by a federal grand jury over misuse of company gift cards. When the charges first surfaced in April 2005, Coughlin claimed the money he embezzled was being used to pay bribes to trade union officials not to organize at Walmart locations and to identify pro-union Walmart workers.[9]

He pleaded guilty to five counts of wire fraud and one count of filing a false tax return related to embezzlement and theft from Walmart while serving as a member of its board.[citation needed] U.S. Attorney Robert Balfe told reporters the investigation had found no evidence backing Coughlin's earlier claims that the money he took was reimbursement for anti-union activities.[10]

Coughlin was sentenced on August 11, 2006 at Fort Smith, Arkansas, to 33 months in home detention after pleading guilty to stealing money, merchandise and gift cards from the retailer. He avoided any prison detention, but was ordered to serve five years probation, and pay a $50,000 fine and about $411,000 in restitution to Wal-Mart Stores, Inc., and the Internal Revenue Service.[10][11] He also was sentenced to 27 months of home detention.[12]

A physician stated in court that Coughlin was in poor health, suffering from diabetes, cardiac disease, sleep apnea, arterial blockage, and other ailments.[13]

Other lawsuits

Certain former Walmart employees filed lawsuits against Coughlin for their purportedly inadvertent roles in his embezzlement of Walmart funds. Former Administrative Manager Patsy Stephens deposited Walmart money into her personal bank account and then wrote checks for her immediate supervisor (Robert Hey), for Coughlin, and for cash. She claimed she thought these practices were for the benefit of the company.[14] She was convicted on eight counts of wire fraud by a federal jury in November 2007.[15]

Personal life

Coughlin was close friends and hunting companion to Wal-Mart's founder, Sam Walton.[16]

Coughlin died on April 1, 2016.[1][17]

References

  1. ^ a b "Tom Coughlin, Clevelander who helped build Walmart chain, dead at 66". cleveland.com. Retrieved 2018-03-12.
  2. ^ SEC Filing Wal-Mart Proxy 2004, sec.gov, April 15, 2004.
  3. ^ "Choicepoint Inc". Sec.gov. Retrieved April 2, 2016.
  4. ^ "Walmart Corporate - We save people money so they can live better". Walmartstores.com. Retrieved April 2, 2016.
  5. ^ "SEC Info - Wal Mart Stores Inc - '8-K' for 12/6/04 - EX-99.1". www.secinfo.com. Retrieved 2018-03-12.
  6. ^ "SEC Info - Wal Mart Stores Inc - '8-K' for 12/6/04 - EX-99.1". www.secinfo.com. Retrieved 2018-03-12.
  7. ^ "Walmart Corporate - We save people money so they can live better". Walmartstores.com. Retrieved 2016-04-01.
  8. ^ Details, sec.gov; accessed April 2, 2016.
  9. ^ Barbaro, Michael (2005-04-09). "Coughlin Says Cash Helped Wal-Mart". ISSN 0190-8286. Retrieved 2018-03-12.
  10. ^ a b "Former Wal-Mart Exec Sentenced for Theft". 2006-08-11. ISSN 0190-8286. Retrieved 2018-03-12.
  11. ^ Former Wal-Mart exec sentenced." CNN. August 11, 2006. Retrieved on August 11, 2006.
  12. ^ Coughlin sentencing, foxnews.com; retrieved April 4, 2008.
  13. ^ "Ex-Wal-Mart Exec Faces Tougher Sentence". Retrieved 2018-03-12.
  14. ^ Details re Patsy Stephens, nwanews.com; retrieved April 4, 2008.[dead link‍]
  15. ^ Lisa Brence, Fmr. Wal-Mart Employee Convicted of Fraud, nwahomepage.com, November 30, 2007.[dead link‍]
  16. ^ Nassauer, Sarah (2016-04-03). "Former Wal-Mart Executive Tom Coughlin Was Sam Walton Protégé: 1949-2016". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-03-12.
  17. ^ Layne, Nathan (April 1, 2016). "Former Wal-Mart executive Coughlin dies at 66". Reuters. Retrieved 2018-03-12.
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