
executives
Major proxy advisor calls for better governance at Walmart
From the Wall Street Journal:
Who’s responsible for the Walmart Mexico scandal?
Excellent piece from Ben Heineman Jr., a Senior Fellow of the Program on Corporate Governance at Harvard Law School, on Walmart’s Global Compliance Report and the state of the company’s FCPA investigations. An excerpt:
“Let’s just say the numbers can be made to fib”
Walmart shareholders haven’t had a great year. Despite a hot market, Walmart stock has been flat and FY 2014 sales were up just 1.6%. But don’t worry: The flat stock performance didn’t hurt pay for Walmart’s top executives! As Gretchen Morgenson of the New York Times wrote this weekend, “when it comes to figuring the performance of top executives, let’s just say the numbers can be made to fib.”
Morning News Beat on Cheesewright’s promotion
KC’s View: Cheesewright is going to have a full plate, especially if the bribery scandal comes back to bite the company on its posterior.
Doug McMillon named new Walmart CEO, will face slew of immediate problems
Promotions at Walmart: Another PR stunt
Takeaways from Walmart’s AnalystFest 2013, Part 2
More takeaways from last week’s analyst shindig:
Takeaways from Walmart’s AnalystFest 2013, Part 1
Last Tuesday, Walmart brought Wall Street analysts down to Arkansas to get them up bright and early and show them PowerPoint presentations for hours (aka the “20th Annual Meeting for the Investment Community.”) Our invitation must have been lost in the mail, but we’ve sifted through the transcripts, news reports, and PR spin, and have some takeaways of our own. Here’s the first set:
“Total disarray” store cleaner, but out-of-stocks problem persists
Remember a couple months ago when Forbes contributor and retail industry veteran Walter Loeb visited a Massachusetts Walmart store and found it to be in “total disarray”?