Jim C. Walton

Jim C. Walton

The youngest son of Wal-Mart founder Sam Walton heads the family's private businesses, including Arvest Bank and Community Publisher. With his two surviving siblings and the estates of his late mother and brother, Sam Walton's heirs control a stake that now stands at about 47 percent. Jim Walton owns almost 347 million shares.

Jim C. Walton News

  • Wal-Mart Makes Penner Vice Chairman in Board Succession Plan

    Wal-Mart Stores Inc., the world’s largest retail chain, named board member Greg Penner to the new role of vice chairman, putting him in position to be a successor to Chairman Rob Walton.

  • Obama Makes Wal-Mart an Example to Push Energy Efficiency

    President Barack Obama held up Wal- Mart Stores Inc. as an example as he seeks public support for an energy and environment initiative that’s been met with skepticism from business groups and Republicans, who say it will kill jobs.

  • The World’s 200 Richest People

    Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.

  • CNN President Klein Leaving as Cable Network Loses Viewers to Fox, MSNBC

    CNN, the 24-hour cable news channel owned by Time Warner Inc. , is replacing Jon Klein as head of the U.S. network with HLN’s Ken Jautz after losing viewers to competitors such as Fox News.

  • Time Warner’s CNN Seeks Digital Deals to Gain on Fox

    Time Warner Inc.’s CNN, the pioneer news network that’s fallen behind newcomers Fox News and MSNBC, is looking to acquisitions as part of an effort to regain ground by pushing more programming to tablets and smartphones.

  • Wal-Mart Board Seen at Risk of Losing Independent Voices

    The Walton family now owns more than 50 percent of Wal-Mart Stores Inc.’s shares, which could give it greater control over the company’s board of directors.

  • Zucker Is Said to Be Close to Taking Top Job at CNN

    Jeff Zucker, former chief executive officer of NBC Universal, is close to taking the top job at Time Warner Inc.’s Cable News Network, three people with knowledge of the situation said.

  • Schools Hit by Morality of Wal-Mart Guns Funding Charity

    Since the Academy of New Media Middle School in Columbus, Ohio, opened in 2011, it has scraped by, with its principal cleaning toilets and a math teacher pressed into service as school nurse. Only $250,000 in gifts from the Walton Family Foundation keeps the 85-student charter school alive.

  • CNN Drops AP Service to Focus on Own Newsgathering

    Time Warner Inc. ’s CNN, the 24-hour cable news network, stopped using the Associated Press service and materials to focus on its internal newsgathering efforts.

  • Portugal Billionaire Sells Lollipops, Champagne in Poland

    In 2003, Luis Amaral bought Eurocash SA, a Warsaw-based grocery business, for 120 million Polish zlotys ($30 million). The operation was losing money. Competitors were taking market share. Its owner, Jeronimo Martins SGPS SA, the Lisbon-based retail operation controlled by billionaire Alexandre Soares Dos Santos, wanted nothing to do with it.


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