Wal-Mart Foundation to donate $25M
BENTONVILLE, Ark. Wal-Mart announced that it will donate $25 million to organizations that help communities across the country through its Wal-Mart Foundation. Wal-Mart’s support includes three new grants announced on Wednesday, Dec. 10, totaling $1.25 million to Meals On Wheels Association of America, Fisher House and Operation Homefront.
“In these difficult times, the work that we do to support the communities we serve is more important than ever,” said Margaret McKenna, president of the Wal-Mart Foundation. “And to reinforce our commitment to support organizations that create opportunities for individuals and families to live better, we plan to increase our charitable giving in 2009.”
The Wal-Mart Foundation is focusing its attention towards efforts that support those hit hardest by the economic crisis. The Foundation also directed Walmart stores and Sam’s Clubs across the country to take similar action with their community giving. This holiday season, Walmart stores and Sam’s Clubs will give more than $20 million to local community organizations. Stores and clubs will work with organizations that address such basic unmet needs as hunger, homelessness, day care, job training and financial counseling.
Morse named to HSN board
ST. PETERSBURG, Fla. HSN has named John Morse, Jr. to its board of directors.
Morse is currently senior vp of finance and cfo of The Washington Post Company where he has served in this role since November 1989.
In commenting on the appointment, Arthur Martinez, chairman of the board of HSNi, stated, “We are extremely pleased that Jay will join our Board to leverage his more than 35 years of media and management expertise. Jay’s high standards and excellent judgment will be invaluable as we continue to guide the strategic direction of the company.”
Moenig resigns as DivX cto
SAN DIEGO DivX has announced that Markus Moenig, senior vp and chief technology officer, has resigned effective Dec. 1.
“Since DivX acquired MainConcept in November 2007, Markus has played a key role in the successful integration of MainConcept as a subsidiary of DivX,” said Kevin Hell, ceo of DivX. “One product of this effort is the future release of DivX 7, which will feature MainConcept’s award-winning H.264 solution. With the integration of these technologies complete, we thank Markus for his efforts and wish him well with his future plans.”