Content about Rob Walton

November 25, 2013

Walmart International president and CEO Doug McMillon was given the nod over Walmart U.S. president and CEO Bill Simon to succeed Mike Duke as president of Wal-Mart Stores, Inc., the company announced Monday morning.

Walmart International president and CEO Doug McMillon was given the nod over Walmart U.S. president and CEO Bill Simon to succeed Mike Duke as president of Wal-Mart Stores, Inc., the company announced Monday morning.

McMillon, 47, will join the board effective immediately, and succeed Duke, 63, on February 1, when Walmart’s new fiscal year begins. McMillon’s successor will be named before the end of the fiscal year, according to the company.

November 22, 2013

Former Accenture CFO Pamela Craig has joined the Walmart board and will serve on the retailer’s audit committee involved in a two year old investigation related to the Foreign Corrupt Practices Act.

Former Accenture CFO Pamela Craig has joined the Walmart board and will serve on the retailer’s audit committee involved in a two year old investigation related to the Foreign Corrupt Practices Act.

June 13, 2013

The entire Walmart board was re-elected last Friday at the company’s shareholders meeting, but a substantial number of negative votes indicate some investors are not happy with long-time board members and key senior leaders.

The entire Walmart board was re-elected last Friday at the company’s shareholders meeting, but a substantial number of negative votes indicate some investors are not happy with long-time board members and key senior leaders.

August 2, 2012

The addition of retired KPMG International chairman Timothy Flynn to the Walmart board gives the retailer some compliance expertise amid ongoing investigations into alleged violations of the Foreign Corrupt Practices Act.

The addition of retired KPMG International chairman Timothy Flynn to the Walmart board gives the retailer some compliance expertise amid ongoing investigations into alleged violations of the Foreign Corrupt Practices Act.

May 3, 2012

It’s looking like Walmart’s upcoming annual meeting is going to be a bittersweet affair as the company observes its 50th anniversary against the backdrop of an unfolding Mexican bribery scandal and an appeal from a major shareholder this week urging a no vote on five board members.

NEW YORK — It’s looking like Walmart’s upcoming annual meeting is going to be a bittersweet affair as the company observes its 50th anniversary against the backdrop of an unfolding Mexican bribery scandal and an appeal from a major shareholder this week urging a no vote on five board members.

April 21, 2011

The stock buyback binge Walmart has been on for the past few years is positioned as a way for the company to return cash to shareholders, and it is. However, the $25.6 billion (that’s not a typo) spent by Walmart on share repurchases during the past three years has had another effect. It has driven the Walton family’s ownership stake in the company to a record level of 48.18%.

As of March 31, Walton Enterprises LLC, which includes as managing members Alice, Jim and Rob Walton, owned 1,680,506,739 of the company’s 3,487,721,113 outstanding shares, as disclosed in the company’s proxy statement. Just five years ago, Walton Enterprises LLC’s, ownership stake was 40.32% because it held the same number of shares but the number of outstanding shares was much higher at 4,167,369,745 as of March 31, 2006.

The stock buyback binge Walmart has been on for the past few years is positioned as a way for the company to return cash to shareholders, and it is. However, the $25.6 billion (that’s not a typo) spent by Walmart on share repurchases during the past three years has had another effect. It has driven the Walton family’s ownership stake in the company to a record level of 48.18%.