Vote of no confidence against Walmart chairman Rob Walton | RetailDetail

Vote of no confidence against Walmart chairman Rob Walton

Vote of no confidence against Walmart chairman Rob Walton

A storm is brewing at Walmart as a group of employees has asked the shareholders to not re-elect Rob Walton as the chairman of the world's largest distributor. There was already very little chance of that happening anyway.

OUR Walmart demands independent chairman

The remarkable letter against Rob Walton comes from OUR Walmart (Organization United for Respect at Walmart), which is a labour union-supported group of employees and shareholders active in three separate levels of the organization.


OUR Walmart believes the concern has faced one scandal after another and explicitly refers to the Californian environmental breaches, the Mexico bribe scandal, complaints about low wages and harsh working conditions and Walmart's questionable involvement in Bangladesh.


That is why OUR Walmart has implored shareholders to refrain from keeping Rob Walton on as chairman at the upcoming meeting of 6 June, because he has been "chairman of the board during the entire period before, during, and after the alleged bribery, initial investigation, alleged cover-up, and subsequent investigations."


Over 50 % of shares in family's hands

It is only a remote possibility that Rob Walton will have to step down as his family, the richest family in America with an estimated value of 140 billion dollars, owns more than half of the company's shares, which means the result is already clear.


Despite all this, the family's patriarch has received an increasing amount of criticism over the past few years during shareholder meetings. When he was re-elected in 2011, 99 % of the non-family shareholders backed him, but only a year later - when the Mexico bribery scandal hit - nearly a third of these shareholders voted against him. Even as recent as last year, when Walmart had to deal with negative publicity because of its wage and labour policy (which included being forced to work on Thanksgiving's day), nearly 22 % of shareholders voted against Rob Walton.

Questions or comments? Please feel free to contact the editors

The end of the retail employee


For the first time it’s safe to say that the future of work is really fabricated by futuristic events. People will need to become just as versatile as AI technologies and blockchain applications. Are you ready?

Alibaba doubles Lazada investment


Chinese Alibaba will once again invest 2 billion dollars (1.6 billion euro) into e-commerce company Lazada, active in Southeast Asia. It invested a similar sum in the group about two years ago.

CK Hutchison owner steps down


Li Ka-shing, CK Hutchinson’s owner and CEO, will step aside mid-May. The 89-year old will then pass on the baton to his eldest son, Victor Li, who will then take control of chains like Kruidvat and ICI Paris XL.

Toys ‘R’ Us goes bankrupt


The definitive end is approaching for the former toy store giant, Toys “R” Us. After the death sentence was signed for its 100 British stores, its American store network will also shut down.

Unilever chooses Rotterdam


The long-standing rumour has now been confirmed: Unilever will have its main office in Rotterdam, rather than London. The food and detergent giant’s board has made the call after nearly a year of debate.

Claire’s edges closes to bankruptcy


Store chain Claire’s is allegedly preparing to shut down in the next few weeks. Following that, the current owner, Apollo Global Management would give the company to several debtors.

Back to top