The Traderszone Network

Published in TZ Latest News 4 June, 2015 by The TZ Newswire Staff

Wal-Mart resists investor pressure on independent chairman

BENTONVILLE, Arkansas/BOSTON (Reuters) – Even as Wal-Mart Stores Inc showed unusual openness to outsiders’ complaints by taking steps including raising wages, it has been trying to slam the door on a shareholder proposal that could weaken the founding Walton family’s power over its board. The investors are pushing hard for changes in how the world’s No. 1 retailer governs itself, seeking to install an independent chairman. Crucial to the debate will be the stance of BlackRock Inc, Wal-Mart’s No.

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