May 28, 2005

Small Shareholders Want Their Say

Owning a few thousand, or even a few hundred shares, of Wal-Mart gives those who want to reform or retard it another soap box to stand on:

The AFL-CIO Reserve Fund of Washington, D.C., which owns 2,700 shares of Wal-Mart Stock, wants senior executives to get shares of stock based on performance, rather than getting stock options....

The Sisters of Charity of St. Elizabeth, Convent Station, N.J., which owns 2,840 shares of Wal-Mart stock, wants the company to say how it promotes women and minorities or encourages their advancement...

The International Brotherhood of Teamsters of Washington, D.C., which owns 160 shares of Wal-Mart stock, and another unnamed filer ask the Wal-Mart board to compile a semi-annual report on policies on political donations made with company funds.

Posted by Kevin on May, 28 2005 at 02:01 PM