Walmart releases shareholder votes | Arkansas Blog

Monday, June 4, 2012

Walmart releases shareholder votes

Posted By on Mon, Jun 4, 2012 at 8:30 AM

With the Walton family in control of the majority of shares, last week's Walmart shareholders' meeting was a formality insofar as business was concerned. Their slate of directors would be re-elected and shareholder proposals they opposed would be defeated.

The company today released the official results of votes — overwhelmingly in the direction I've outlined.

But there were a couple of outliers:

* DIRECTORS: Opposition to director re-election tended to be in the low single-digits, except, notably, for top Walton insiders, such as Rob Walton (12.6 percent opposed); current CEO Michael Duke (13 percent), and former CEO Lee Scott (15.6 percent). Some major stockholders, including big pension plans, had indicated before the meeting they'd vote against some directors because of the Mexican bribery scandal that occurred on the leaders' watch.

* POLITICAL CONTRIBUTIONS: A proposal to require more disclosure on this spending was defeated, but drew support from 15.8 percent of shareholders.

Tags:


Favorite

Comments

Subscribe to this thread:

Add a comment

More by Max Brantley

Readers also liked…

  • Sabin's subterfuge in the race for mayor has roots in rigged city government

    The Arkansas Democrat-Gazette reports that an ethics complaint has been filed saying that the exploratory committee Rep. Warwick Sabin created to prepare for a run for Little Rock mayor was a subterfuge to avoid the city ordinance that doesn't allow campaign fundraising to begin until five months before the November 2018 election.Of course it is.
    • Aug 10, 2017
  • Use of solar on the rise in Arkansas

    With a pivotal ruling expected any day now from the Public Service Commission, Kyle Massey at Arkansas Business reports on the increase in Arkansans adding solar generation units on their homes and business.
    • Apr 13, 2018
  • Antwan Phillips wants to make a difference in reducing Little Rock violence

    KARK/Fox 16's push to do something about Little Rock violence includes a spotlight on people trying to make a difference — in this episode Antwan Phillips, a lawyer at Wright, Lindsey and Jennings.
    • Aug 30, 2017

Slideshows

Most Recent Comments

 

© 2019 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation