Archive for the 'Robson Walton' Category

Forbes 400 richest out

Friday, September 19th, 2008

…spaces four, five and six are taken up with the Wal-Mart dynasty who together control more than 39% of the grocery chain, which owns Asda in the UK. Jim Walton, the son of the supermarket giant’s pioneer Sam Walton, comes in fourth at $23.4bn; his elder brother and the company’s chairman, Robson Walton is in […]

WALTONS VOTE SELVES AN 8 PERCENT RAISE…

Friday, March 7th, 2008

Money is tight. The costs of private jets, paintings and private clubs are all going up. What is an obscenely rich billionaire to do? Give themselves a raise of course. That’s what the Walton family did yesterday, voting themselves a $1.5 Billion bump for 2008. From MSNBC: Wal-Mart Stores Inc. is raising its annual dividend […]

Say on Pay

Tuesday, March 4th, 2008

There is a movement in the US to allow shareholders to vote on pay packages for top executives. Not directly, mind you, but as an advisory vote to the board of directors. Several European countries have a system like this, and claim it keeps CEO salaries in check. First one has to get the firm […]

Bush Nominee Blocked After He Pushes $30B Tax Break for Wal-Mart

Friday, August 3rd, 2007

David Sirota summarizes the story on DailyKos: Last week, U.S. Senator Bernie Sanders (I-VT) grilled White House budget director nominee Jim Nussle at Nussle’s Senate confirmation hearing. … Now, just today, the Associated Press reports that Sanders is using his filibuster power to block Nussle’s nomination, putting his entire confirmation in jeopardy. … he supports […]

The reason there’s an estate tax.

Sunday, July 15th, 2007

The historically-minded among you might consider reading this really interesting (but long) article from the New York Times and then asking yourself, what’s the rationale for those people who just inherit their money keeping so much of it?

Floyd Norris on Paranoia

Friday, April 13th, 2007

Walmart is the theme of today’s Floyd Norris column (sub only) at the NY Times. Mostly he just reviews the story of the plumbers to date and highlights the fact that the stock price has dropped 25% under Scott while the retail index is up 180% for the same period. He suggests hiring an independent […]

A Corporate Governance Expert Weighs In

Wednesday, April 11th, 2007

From the blog Findlay on Governance Does Wal-Mart really have a board? … With four insiders (an unusually high number among major publicly traded companies, to say the least) and directors having met formally on only 4 occasions in 2006 (another 3 meetings were phoned in), Wal-Mart’s board appears to be little more than a […]

I Didn’t Know the Gun was Loaded Defense

Thursday, April 5th, 2007

More on the threat assessment unit. Wal-Mart apologizes to groups it considered possible threat Wal-Mart Stores Inc. of Bentonville, Ark., the world’s No. 1 retailer, apologized to certain shareholder groups that the company had assessed as potential threats… A spokesman told the paper that “to the best of our knowledge,” the internal-security staff “hadn’t done […]

AFL-CIO CHASES CEO PAY…

Thursday, March 1st, 2007

In the Late 18th century the economic gap between the aristocrats of France and the peasantry grew so disparate that a desperate people rose up, beheaded their king and queen, and precipitated one of the longest running political nightmares in human history. (Some argue it continues to this day.) I’m not suggesting we’re there. However. […]

Plutocracy and the Waltons

Wednesday, February 21st, 2007

There are a variety of discussions about the top 2/10% of the population on the blogs today. They are inspired by this piece in Rolling Stone (via alternet): Maybe We Deserve to Be Ripped Off By Bush’s Billionaires Naturally the Walton’s figure promiently in any such discussions as can be seen in this article as […]

Home Depot’s Nardelli quits after year of criticism

Wednesday, January 3rd, 2007

This may seem like a strange story to post on a Walmart site, but I think there is a lesson in it. Home Depot Inc. Chairman and Chief Executive Robert Nardelli has abruptly quit after a year of heavy criticism for everything from his pay package to the underperforming retailer’s corporate governance. [My emphasis] Nardelli […]

Is Lee Scott the G.W. Bush of Retail?

Tuesday, December 12th, 2006

From Advertising Age: Wal-Mart has had many stumbles over the last year and the buck has to stop somewhere. The scandalous fall of Julie Roehm is just the most recent embarrassing incident in a drumbeat of bad news this year for Wal-Mart. That’s included shrinking same-store sales in November; a fake blog from independent PR […]

Waltons – Self-made Billionaires

Friday, September 22nd, 2006

The USA is a wonderful place. You can start with nothing and become a billionaire. All you need to do is work hard and show some personal responsibility. Forbes has listed this years 400 richest people. Numbers one and two are Bill Gates and Warren Buffet. Both guys started from the ground up. Number 3 […]

The Waltons Spread the Money Around

Friday, September 8th, 2006

The New York Times has what looks like (it’s hard to tell on the computer) yet another front-pager on Wal-Mart. It’s about the Walton Family Foundation spreading its largesse to institutions whose members write lovesongs to Wal-Mart. Here’s an example: The American Enterprise Institute for Public Policy Research, for example, has received more than $100,000 […]