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Forbes reports that August 22 is the date for a scheduling hearing that will determine whether Tom Coughlin, the former Wal-Mart vice chairman who was convicted of embezzling from the company, wire fraud and tax evasion, is entitled to his $15 million retirement package.

Coughlin currently is serving a sentence of 27 months of home detention and 1,500 hours of community service, plus has to pay $400,000 in fines.

Coughlin claims that the company conducted a witch-hunt against him, and Wal-Mart has responded by saying that his actions forfeited the retirement package.

KC's View:
Let’s get beyond the conviction for a moment. Didn’t Coughlin plead guilty?

He gets home detention instead of jail, and now he wants his retirement package.

Look up “arrogance” in the dictionary, and I suspect that you’ll see Coughlin’s picture next to the definition.