Tuesday, December 12, 2006

Bill Thompson's Badge of Honor

New York City Comptroller Bill Thompson should be proud of the badge of honor awarded by the Post's editorial page today.

The right-wing loonies accused Thompson of playing politics with his office ("It's never too early to pander to organized labor when you're considering a run for the mayor's office") because he has had the audacity to express concern about Wal-Mart's anti-worker practices:
He wrote that he was "extremely troubled by all of the negative reports and allegations that have surfaced in recent years and concerned they will have a long-term negative impact on the reputation of the company."

Kudos to Thompson for understanding the potential risks to the city's pension funds from investing in a company under siege for its business practices. In fact, Wal-Mart has not been a big winner in recent years. The adjacent graph charts its share price over the last five years.

The Post's got a problem with Thompson's vigilance? Wear it proudly, Mr. Comptroller.

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