- Top 50 Global Retailers
- 2014 Retail Store of the Year: And the winners are …
- Toys ‘R’ Us moves interim CEO into role permanently; names new U.S. president
- Wal-Mart doubles small-store expansion amid weak sales and lowered outlook
- Wal-Mart names new CEO; company vet Doug McMillon to succeed Mike Duke
Bentonville, Ark. -- Wal-Mart Stores on Monday released the tally of its shareholder vote on Friday in which all directors of its board reelected. The voting showed some dissent against key executives and board members, including CEO Mike Duke, in the wake of allegations of bribery in Mexico.
According to the tally, CEO Mike Duke received 87% of votes in favor of his re-election. In other results, Chairman Robson Walton, son of Sam Walton received 87% in favor of re-election, and former CEO Lee Scott received 84%.
Descendants of Wal-Mart's founder own about 50% of Wal-Mart's shares.
In related news, one new director, Marissa Mayer, VP Local and Maps, Google Inc., was elected to the Wal-Mart board.