The oldest son of Wal-Mart founder Sam Walton has been chairman of the world's largest retailer since his father's death in 1992. With his two surviving siblings, Walton is a co-managing member of Walton Enterprises, the family's holding company that controls a 47 percent stake in Wal-Mart. Rob Walton personally owns about 339 million shares.
Samuel Robson Walton News
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Wal-Mart Stores Inc.’s board voted to appoint James Cash Jr. as its new lead independent director, said David Tovar, a company spokesman.
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Wal-Mart Stores Inc. Chief Executive Officer Mike Duke and two other board members received less than 90 percent of shareholders’ votes at last week’s annual meeting amid probes of allegations of bribery abroad.
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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.
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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.
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Rwanda will import animals including lions and rhinos and invite five-star hotel developers to upgrade Akagera National Park in a project funded by investors including the head of Wal-Mart Stores Inc.
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Almost one-third of Wal-Mart Stores Inc.’s non-Walton-family shareholders voted against Chief Executive Officer Mike Duke and three other board members.
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The California State Teachers’ Retirement System will vote its 5.3 million Wal-Mart Stores Inc. shares against the entire board’s re-election amid a probe into alleged bribery in Mexican operations.
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Wal-Mart Stores Inc.’s June 1 annual meeting will feature Aerosmith and Cheap Trick as the warmup acts. The real entertainment starts when shareholders vote whether to re-elect the company’s board.
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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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Amazon.com Inc. Chief Executive Officer Jeff Bezos saw his fortune rise by $2.72 billion yesterday to $21.2 billion, highlighting a week in which the world’s 40 richest people added $5.4 billion to their collective wealth.
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