Archive for the 'Jim Walton' Category


Saturday, July 2nd, 2016

Years ago I worked as executive editor of a small, family owned publishing house. I learned a lot there from the owner who, while he did not match his financial success, did share what I think of as many of the good qualities of Sam Walton. I remember a conversation we had once regarding Wall […]


Friday, July 1st, 2016

When Los Angeles Laker Coach Pat Riley trademarked the phrase—coined by Shooting Guard (and future Lakers coach) Byron Scott—Three-Peat, he associated the term with the team’s remarkable effort, but ultimately failure, to win three successive NBA championships. The recent distinction of the Walton family to top Forbes’ list of wealthiest families in the United States, […]


Sunday, May 1st, 2016

So, we’ve written hundreds of posts about the Walton family, their peers and their hirelings, but we’ve never focused on the people the way the folks at The Walmart 1%, The People Behind The Walmart Empire. Who, sadly, were these bloggers? The Walmart 1% was a project of Making Change At Walmart, (who took notice […]


Friday, July 3rd, 2015

Everyone should listen to the entire speech—when was the last time any candidate for their party’s presidential nomination attracted more than 10,000 people to a speech 17 months before the election?—but if you just can spare the time, you should take note of what Bernie has to say at around the 21:00 and 41:30 time […]


Sunday, June 28th, 2015

Why else would the Walton family spend so much money? Jeff Hess: Have Coffee Will Write.


Monday, January 19th, 2015

Imagine for a moment that you live on the island of Sodor in the employ of the North Western Railway. There are exactly 100 families living on the island and the whole of the island’s economy consists of £1,000. The wealth is distributed in this way: the family of Sir Richard Topham Hatt, the great […]


Friday, December 25th, 2009

I sincerely hope that all those who do the real work at Walmart and do their very best with their hourly check enjoy a day of peace and joy with their families. For the people who control Walmart, I hope you got lots of high-sulfur coal in your stocking. Jeff Hess: Have Coffee Will Write.

More from the Senator from Walmart

Thursday, April 2nd, 2009

Remember last week when we mentioned how the two senators from Arkansas were leaning against supporting EFCA? Well one of them has even gone further to do what her masters pay for: In midst of recession, Sens. Kyl and Lincoln think ‘the most pressing issue’ is ‘America’s wealthiest families.’ Sens. Jon Kyl (R-AZ) and Blanche […]

A Tale of Two Dynasties

Thursday, March 19th, 2009

Well we all know about the Walton family dynasty. The one devoted to extracting the maximum it can from its retail empire and using very little of it for charity. What the Waltons do give is either for egotistical projects like a pet museum or for politically motivated astro-turf groups like the one that supports […]

And Yet Again

Thursday, March 5th, 2009

For quite awhile now I’ve been saying that the Walton family’s aim is to boost their income at the expense of everyone else: workers, suppliers, local governments, and, yes, even customers. So, while everyone else is feeling the pinch they give themselves another of their annual raises. Wal-Mart raises annual dividend 15% Walmart said Thursday […]

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 […]

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?

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 […]