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 […]
Archive for the 'Jim Walton' Category
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, […]
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 […]
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 […]
Why else would the Walton family spend so much money? Jeff Hess: Have Coffee Will Write.
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 […]
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.
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 […]
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 […]
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 […]
…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 […]
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 […]
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 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?
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-Martâ€™s board appears to be little more than a […]