CalPERS To Withhold Votes For Nine On Wal-Mart Board -Reuters

Date : 05/23/2012 @ 2:45PM
Source : Dow Jones News
Stock : Wal-Mart Stores, Inc. (WMT)
Quote : 88.65  1.21 (1.38%) @ 6:04PM

CalPERS To Withhold Votes For Nine On Wal-Mart Board -Reuters

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The California Public Employees' Retirement System said it would withhold votes from nine Wal-Mart Stores Inc. (WMT) board members, including Chief Executive Mike Duke, Reuters reported Wednesday.

In addition to Duke, CalPERS plans to vote against Chairman Robson Walton, former CEO Lee Scott, Jim Walton, Christopher Williams, Linda Wolf, James Breyer, Douglas Daft and Michele Burns, according to Reuters.

The plan comes amid controversy over allegations that Wal-Mart de Mexico used bribery to expand its business.

Earlier this week, the California State Teachers' Retirement System said it planned to vote against the entire Wal-Mart board.

Full story at http://www.reuters.com/article/2012/05/23/us-walmart-calpers-idUSBRE84M12W20120523

-Dow Jones Newswires; 212-416-2900

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