THE MECK REPORT --- THE MECK PODCAST: At Annual Meeting, Wal-Mart to Confront Shareholder Unrest - NYTimes.com - As Wal-Mart celebrates its 50th anniversary at its annual shareholders’ meeting on Friday, the company is expected to face some of the staunchest opposition in years to the continued tenure of several board members and its chief executive, as well as some corporate policies. While no one expects shareholder discontent to provoke management or policy changes — about half of Wal-Mart stock is owned by the founding Walton family and executives — analysts say the meeting will expose a measure of unhappiness among investors after recent revelations of a bribery scandal at the company’s Mexican subsidiary. The authorities in the United States and Mexico are investigating possible violations by the company of the Foreign Corrupt Practices Act, among other things.

Wednesday, June 06, 2012

At Annual Meeting, Wal-Mart to Confront Shareholder Unrest - NYTimes.com - As Wal-Mart celebrates its 50th anniversary at its annual shareholders’ meeting on Friday, the company is expected to face some of the staunchest opposition in years to the continued tenure of several board members and its chief executive, as well as some corporate policies. While no one expects shareholder discontent to provoke management or policy changes — about half of Wal-Mart stock is owned by the founding Walton family and executives — analysts say the meeting will expose a measure of unhappiness among investors after recent revelations of a bribery scandal at the company’s Mexican subsidiary. The authorities in the United States and Mexico are investigating possible violations by the company of the Foreign Corrupt Practices Act, among other things.

More

http://www.nytimes.com/2012/06/01/business/at-annual-meeting-walmart-to-confront-shareholder-unrest.html?_r=1&src=rechp&pagewanted=print

Twitter / Follow The Meck

The Meck Report/Blog

www.TheMeck.com

No comments:

Subscribe to: Post Comments (Atom)