CalSTRS CEO: To Vote All Shares Against Entire Wal-Mart Board -CNBC

Date : 05/21/2012 @ 12:29PM
Source : Dow Jones News
Stock : Wal-Mart Stores, Inc. (WMT)
Quote : 76.15  0.13 (0.17%) @ 3:59PM

CalSTRS CEO: To Vote All Shares Against Entire Wal-Mart Board -CNBC

Wal Mart Stores (NYSE:WMT)
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The California State Teachers' Retirement System, holder of more than 5.3 million shares in Wal-Mart Stores Inc. (WMT), will vote all those shares against retention of the retailer's board, the pension fund's chief executive said Monday.

Jack Ehnes, in an interview on CNBC, said a "breakdown in internal controls" may have allowed a widening of alleged bribery in the retailer's Mexico operations.

Website: www.cnbc.com

-Dow Jones Newswires; 212-416-2900

 
 

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