The Walmart 1% scored a victory for retirement insecurity last Tuesday in San Diego.
If you’re super rich, can you buy yourself a new political pedigree? It’s starting to look that way. Greg Penner, the Walmart 1 Percent’s man in California, is trying to convince people he’s a political independent, despite the fact that he has a long history of supporting right-wing candidates and causes.
The Walton family, heirs to the Walmart fortune, are stepping up their involvement in California politics. The son-in-law to Walmart Board Chair Rob Walton, Greg Penner has launched a new California-based organization set on influencing state elections. Penner also sits on the Walmart Board of Directors and has been discussed for possible leadership roles in the company.