Speaking of Wal-Mart | Arkansas Blog

Wednesday, May 17, 2006

Speaking of Wal-Mart

Posted By on Wed, May 17, 2006 at 1:48 PM

Responsible Wealth -- a group whose members include such rich folks as Warren Buffet and members of Bill Gates' family -- says it and Martha Burk of the National Council of Women's Organizations will be present at the Wal-Mart stockholders' meeting June 2 in Fayetteville to again ask for adoption of a resolution about gender and racial disparities in Wal-Mart stock ownership among employees. Since Walton family members control most of the stock, the resolution has been voted down twice before.

The group notes that the 2006 proxy statement says that 18.2 percent of Wal-Mart total options in the preceding year went to the five highest paid officers, or .00025 percent of the workforce. None is a woman. Four of the five are white. A company-wide report on stock options, Responsible Wealth said, "will help shareholders determine whether a glass ceiling in employee equity compensation exists ..."

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