Change of leadership at Walmart U.S. | Arkansas Blog

Thursday, July 24, 2014

Change of leadership at Walmart U.S.

Posted By on Thu, Jul 24, 2014 at 9:06 AM

Bill Simon, 54, is out after four years as CEO of Walmart U.S. and Greg Foran, who's been CEO of Walmart Asia, is in.

Details of the company announcement here.

Simon's "retirement" agreement includes $4.5 million in installment payments and vesting of rights in more than 56,000 shares of stock.

Simon got a bonus last year despite missing sales targets. Same-store sales at Walmart U.S. stores have fallen for five quarters.

CORRECTION: I had Simon's name wrong in original posting.

Tags: , ,

From the ArkTimes store

Favorite

Comments (4)

Showing 1-4 of 4

Add a comment

 
Subscribe to this thread:
Showing 1-4 of 4

Add a comment

More by Max Brantley

Readers also liked…

  • Charter school accountability: Non-existent in Arkansas

    A state audit finds charter school spending violated state law, but the state Education Department says it has no responsibility for ensuring proper management of charter schools. Say what?
    • Mar 5, 2016
  • The inspiring Hillary Clinton

    Hillary Clinton's campaign for president illustrates again the double standard applied to women. Some writers get it. They even find the supposedly unlikable Clinton inspiring.
    • Oct 16, 2016
  • Policy group urges opposition to new charter seats in Little Rock

    The Arkansas Public Policy Panel is urging supporters of the Little Rock School District to tell state Board of Education members they oppose applications to be heard this week to dramatically expand the number of charter school seats in the Little Rock School District.
    • Mar 9, 2016

Most Shared

Most Viewed

  • LR told D.C. before it told city residents it wasn't going after Amazon

    Little Rock told Amazon it wouldn't be applying as a site for a new headquarters in a full-page ad published in this morning's Washington Post. It kind of jokes that Amazon would just mess up this wonderful city.
  • The LR chamber does the public's business. Is it accountable? Blue Hog on the case.

    Matt Campbell, lawyer and Blue Hog Report blogger, has sent a Freedom of Information Act request to Jay Chessir, director of the Little Rock Regional Chamber of Commerce, and Mayor Mark Stodola related to the publicity stunt yesterday  built around withdrawing from the mayor's rash pronouncement that the city would seek an Amazon HQ2 project even though the city  didn't meet the company's criteria.

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation