Wal-Mart Cuts Board to 14 Members as Former CEO Leaves (Bloomberg, 4/24/2014)
The Bentonville, Arkansas-based company is making the changes ahead of its annual gathering of shareholders in June. The board faced criticism at last year’s meeting over bribery allegations overseas. Then-CEO Mike Duke and two other board members received less than 90 percent of shareholders’ votes at the meeting, underscoring the concerns.
Wal-Mart Shuffles Asia Leadership (Wall Street Journal, 4/24/2014)
The executive shuffle in the Asia division comes after years of management turmoil in the region, choppy sales results, and tangles with compliance and government regulation.
When Being Pregnant Also Means Being Out Of A Job (NPR, 4/17/2014)
“I decided to go against what my supervisor suggested and listen to my doctor and to my body — and decided to keep the water bottle,” she says. “And one day that supervisor came up to me and she said, ‘Either the water bottle has to go or you have to go.’ ” Myers was fired. She sued, and later settled out of court.
Wal-Mart’s Everyday Low Prices Fail to Stir Brazilians (Bloomberg, 4/23/2014)
Wal-Mart didn’t consider how it would have to adapt its strategy to Brazil and may need to focus on markets where the everyday low price resonates with shoppers, Perkins said. “If you don’t think about how your business model fits into a local context, you’re going to suffer for a long time,” she said. “If you don’t eventually cultivate the local skills, you’ll have to leave.”