“Unprecedented” Number of Shareholders Reject Re-election of Walmart Directors

Top Walmart executives and the Board of Directors faced a sharp rebuke from shareholders when votes were counted after Walmart’s Annual Shareholders Meeting, held last Friday in Fayetteville, Arkansas. According to the Associated Press, many of the company’s directors up for re-election, including CEO Mike Duke, Chairman and Walton heir Rob Walton, former CEO H. Lee Scott and Audit Committee chair Chris Williams, received unprecedentedly high rates of disapproval from shareholders.

Read more about Walmart’s annual meeting and the vote reults here.

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