Walmart’s board elected a new chairman at its annual stockholders’ meeting last week. As only the third chairman in the retail giant’s history, the post was passed on to a member of the founding Walton family.
1. What type of background does Mr. Penner have that will be beneficial in this post?
2. Why has Walmart’s board been criticized?
3. What were some of the resolutions presented at the shareholders’ meeting and why didn’t they pass?
Tabuchi, H. (2015). Walmart Board Elects New Chairman. The New York Times, June 5 (Retrievable online at http://www.nytimes.com/2015/06/06/business/walmart-annual-shareholder-meeting.html?module=WatchingPortal®ion=c-column-middle-span-region&pgType=Homepage&action=click&mediaId=thumb_square&state=standard&contentPlacement=2