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Cal Turner Steps Down From Advisory Role

BY CSA STAFF

Nashville, Tenn., Cal Turner Jr. is retiring as advisor as to Dollar General’s board of directors at the end of October. Turner is the former CEO and chairman of the company. He stepped down as CEO in November 2002 and as chairman in June 2003. He has been an advisor to the board since then.

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Wal-Mart Establishes Minority-Business Equity Fund

BY CSA STAFF

Bentonville, Ark., Wal-Mart Stores Inc. announced it would invest $25 million to establish a private-equity fund to invest in businesses controlled by women and minorities.

The co-investment management fund will have an allocation life of five years. It will be managed by Dallas-based Aldus Equity.

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Wal-Mart Establishes Minority-Business Equity Fund

BY CSA STAFF

Bentonville, Ark., Wal-Mart Stores Inc. announced it would invest $25 million to establish a private-equity fund to invest in businesses controlled by women and minorities.

The co-investment management fund will have an allocation life of five years. It will be managed by Dallas-based Aldus Equity.

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