Billionaires Alice Walton, George Soros and Marc Benioff are helping to finance a super-political action committee encouraging former U.S. Secretary of State Hillary Clinton to run for president, according to a report filed yesterday with the Federal Election Commission.
Wal-Mart Stores Inc. is betting on career insider Doug McMillon, who learned the business from founder Sam Walton, to revive a company struggling with slowing growth at home and in the international regions he oversaw.
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.
Wal-Mart Stores Inc. Chief Executive Officer Mike Duke told employees and shareholders at the company’s annual meeting today that the retailer, whose executives are accused of bribing Mexican officials, is committed to ethical behavior.
Wal-Mart Stores Inc. said Doug McMillon, head of its international business, will replace Mike Duke as chief executive officer when he retires as the world’s largest retailer struggles to ignite growth at home and abroad.