Getting back to the original topic, I work for Wal-Mart. I hate them just as much as anyone else, but right now I'm just using them to pay the bills. I don't know what was said in the Houston Chronical article, but if you do your homework, you will find that Wal-Mart hasn't used "dead peasant" policies in almost seven years.
They started using them in the early 90s when they were most popular as a means of sheltering income from taxes, turning liabilities into assets, and funding costly executive benifits. In 1995 Wal-Mart decided they weren't making any money from these policies and dropped the program. They haven't used it since then.
Although I do not agree with a lot of Wal-Mart's business practices, they are generally "ethical" in their policies. I find it hard to believe that they would out right break the law in Texas by using "dead peasant" policies again. I don't know exactly what the Houston Chrinical reported, but I believe they were either listening to rumors or were misinformed. It wouldn't be the first time the media reported something untrue.