Quick facts

Craig joined the Walmart board in November 2013 and is on the Audit Committee, which is overseeing the Board’s investigation of the Mexican bribery allegations. She is the recently retired chief financial officer of Accenture, a global management consulting, technology services, and outsourcing company.

 

Wealth

Real estate

Craig and her husband bought their Summit, NJ, home for $3.3 million in 2004. The seven-bedroom home has eight fireplaces, four and half bathrooms, and a carriage house.

Corporate pay

Craig’s total compensation at Accenture in 2012 was over $7 million, including a bonus of well over $2.1 million. In 1999, her husband Robert Delaney was part of a group of 221 Goldman Sachs executives who held 60% of Goldman’s outstanding shares when the company went public. Described by the New York Times as “a highly influential group, both at Goldman and beyond,” they “reaped a windfall at the initial public offering.”

Educational and professional background

Education

  • Smith College, Bachelor’s Degree in Economics, 1979
  • New York University’s Stern School of Business, MBA

Professional life

Craig spent all of her 34-year career at Accenture, a global management consulting, technology services, and outsourcing company. Most recently, she was the company’s CFO from 2006 until her retirement in 2013, at age 56. Other positions held by Craig at Accenture include senior vice president, finance from March 2004 to October 2006; group director, business operations and services from March 2003 to March 2004; and managing partner, global business operations from June 2001 to March 2003. Craig joined Accenture as a CPA after graduating from Smith, but she later shifted to the consulting side and became a partner in 1991.

Pamela Craig appears to pride herself on mentoring and helping women develop their careers. She joins the Walmart board at an interesting time, given the reemergence of women filing class action lawsuits alleging discrimination at Walmart. Walmart spent years defending itself in the largest class action gender discrimination lawsuit in history, Dukes v. Walmart. The plaintiffs alleged Walmart discriminated against women in promotions, pay, and job assignments. The U.S. Supreme Court dismissed the lawsuit in 2011 for technical reasons but without issuing a decision on the merits. Many of the plaintiffs are in the process of filing smaller suits, continuing to seek justice.

Corporate boards

In 2010, Craig was included in a directory of vetted candidates who could help corporate boards become more diverse. The list was published in Agenda, a Financial Times publication about board-related issues. Craig sits on the boards of two companies in addition to Walmart.

Political contributions

Craig has recently contributed tens of thousands of dollars to the Republican Party and GOP candidates.  In 2013, Craig gave $5,000 to then House Majority Leader Eric Cantor (R).   In 2012, she gave $60,800 to Republican Party committees, and she made contributions to Mitt Romney and Lance Leonard (R) that cycle as well.

Robert Delaney, Craig’s husband, is a prolific Republican contributor. Between 2010 and 2014, he has given $352,100 to Republican candidates and committees at the federal level.

Community Connections

Craig and her husband have a foundation, the Robert and Pamela Delaney Foundation. For the fiscal years ending in 2011, 2012 and 2013, the Foundation made contributions totaling over $2.5 million to a variety of organizations, including: