Wal-Mart’s reputation took another hit when WalMart’s No.2 executive and Vice Chairman of its board of Director, Tom Coughlin,admitted to misappropriating company funds and pleaded guilty to five counts of fraud and one count of tax evasion. Previously, he had served as President and CEO of WalMart Stores and Sam’s Club. Coughlin was forced to leave WalMart’f board in March 2005. After an internal investigation, two other WalMart employees were fired for financial improprieties.