Wednesday, May 25, 2016
Current Weather
Loading Current Weather....
Published: Wednesday, 5/23/2012

Pension fund to vote against Wal-Mart execs


NEW YORK -- The California State Teachers' Retirement System, known as CalSTERS, said Tuesday that it will vote its 5.3 million shares against all of Wal-Mart Stores Inc.'s board nominees -- including the company's current and former chief executive officers -- at the retailer's annual meeting next week.

Independent proxy advisory firms ISS and Glass Lewis & Co., separately recommended last week that Wal-Mart shareholders vote against certain board members, including Mr. Duke and Mr. Scott.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories