This story has a strange vibe. The headline from Arkansas Business declares: Wal-Mart Reveals $1.9M Paid to UA in FY 2015 and adds the note that while the University expects future payments of the same, stockholders might not be told because:
Wal-Mart has to disclose its dealings with the UA because former Chancellor G. David Gearhart is the brother of Jeffrey J. Gearhart, a Wal-Mart executive. This may be the last time we get this information. David Gearhart retired July 31, 2015.Fair enough, but what did Walmart get from the University of Arkansas for the money? Well, the story tells us, nearly half, $900,000, went for costs associated with the Bentonvile Behemoths annual meeting. That seems high to me, but hey, I'm not a stockholder, so I'll leave the propriety of the expenditure up to them. Where, however, did the other $1 million go? The story doesn't tell us. An endowment for The Sam M. Walton College of Business at University of Arkansas is one possibility. Anyone out there with access to the proxy statement have any details? Jeff Hess: Have Coffee Will Write.