Massachusetts Pension Fund Votes Against Re-Election of Walmart CEO and Board Chairman; Rebukes Company for Bribery Scandal
Posted on May 30, 2012 by jway
The $50 billion Massachusetts pension fund voted against the reelection of Walmart chairman S. Robson Walton and chief executive Michael T. Duke, citing its ““disapproval of the egregious behavior and activities at Walmart” related to the company’s bribery scandal. It also voted against former chief executive H. Lee Scott, Jr.; former financial chief Gregory B. Penner; founding family member Jim C. Walton, a banker; M. Michele Burns, a consultant; and Christopher J. Williams, an investment banker. Read more here.