Friday, June 8, 2018
Bloomberg, Walmart Sues Its Former Head of Tax for Jumping to Amazon:
Walmart sued its former chief tax officer for violating her employment agreement by defecting to online rival Amazon, the latest broadside in the slugfest between the two retail giants.
Lisa Wadlin, Walmart’s senior vice president and top tax executive, wrongfully left the Bentonville, Arkansas-based chain last month to move to Amazon’s headquarters in Seattle, Walmart officials said Wednesday in a lawsuit. They’re seeking to stop Wadlin from taking the Amazon position until May 2020 and bar her from handing over “sensitive business information obtained at Walmart.”
“Wadlin’s pursuit of employment with Amazon eviscerates the contractual terms Walmart bargained for’’ in her employment pact, Walmart’s lawyers said in the Delaware Chancery Court lawsuit. Walmart said it’s seeking to protect its rights to lawfully restrict “senior employee’s ability to work for its direct competitor.’’ ...
Walmart officials said Wadlin was deeply involved in the company’s mergers-and-acquisitions planning and played a critical role in its purchase of a controlling stake in Flipkart Online Services Pvt. That company is India’s e-commerce leader. Amazon had been vying with Walmart for the firm.
Wadlin “had access to Walmart’s highly confidential and sensitive business information and strategies,” the chain said in the complaint.
A former employee at the accounting firm of Ernst & Young, Wadlin joined Walmart in 2011. She lists Amazon as among her interests on her LinkedIn profile as well as her alma mater, the University of Virginia.