6:00 pm, July 5th | by Amy Tennery
Late last month, the Network of Executive Women named Walmart’s CEO, Mike Duke, among the most progressive leaders in business, awarding him with a “hall of fame” prize for his dedication to promoting women into leadership roles. Yes, you read that right.
And, in a recent item for the Huffington Post, National Organization of Women President Terry O’Neill responded to the news pretty much as you’d expect — with a huge “WTF?”
12:39 pm, June 7th | by Hillary Reinsberg
The Waltons are back! America’s wealthiest family will again become the face of the world’s largest family business. Attention Walmart shoppers (and employees and investors): The Waltons are running this company. And you’d better trust them… or else.
Since 1992, when Walmart founder Sam Walton died, his descendants have been building up from a 38-percent stake in the company, up to 49 percent, where they are currently, according to Reuters Breakingviews. Last week, the company announced a buyback plan wherein the descendants will (once again) up their stake, likely to 53 percent. There are some stock ownership technicalities, but the takeaway is this: They’ll definitely have the majority.