|
Following the scandal, some shareholders have called for the removal of several board members, including Chairman Robson Walton, CEO Mike Duke and former CEO Lee Scott. But all three were reelected to the board at the company's annual meeting in June. Still, almost 13 percent of votes went against Walton; 13.1 percent against Duke and 15.6 percent against Scott. Descendants of Wal-Mart's founder own about 50 percent of Wal-Mart's shares, so there was little chance of activist shareholders voting out the board members. But those tallies showed unprecedented dissent. Flynn spent 32 years at KPMG and became international chairman in 2007. He retired in 2011. Wal-Mart shares rose 46 cents to close at $74.98 Monday after rising to an all-time high of $75.24 earlier in the session.
Copyright 2012 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor