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Stock Market & Financial Investment News

News Breaks
May 30, 2014
06:29 EDTWMTWal-Mart: ISS 'misconstrues the nature of our executive compensation program'
Wal-Mart said in a filing "Independent proxy advisory firm Glass, Lewis & Co., LLC agreed with the Board and recommended a vote FOR Proposal No. 3. Institutional Shareholder Services, another proxy advisory firm, has recommended a vote AGAINST this proposal. We believe that ISS’s analysis misconstrues the nature and operation of Walmart’s executive compensation program. We believe ISS’s recommendations are incorrect and inconsistent with prior years’ analyses. The primary difference this year appears to be the submission of a letter, dated May 19, 2014, from CtW Investment Group, which contains a number of misrepresentations and intentionally misconstrues our executive compensation program. CtW is a union-affiliated group that has a long and consistent track record of opposing Walmart, with its sole motive being to undermine the company in an attempt to organize Walmart’s associates. As ISS acknowledges in its report, ISS’s own quantitative analysis shows that Walmart’s executive pay is of 'low concern,' with executive pay aligned with performance, and that Walmart’s CEO pay is low relative to the median of its peers. As described in our proxy statement, Walmart’s executive compensation program emphasizes performance and is intended to closely align the interests of our Named Executive Officers with the interests of our shareholders. The Compensation, Nominating and Governance Committee regularly reviews our executive compensation program to ensure that compensation is closely tied to aspects of our company’s performance that our Executive Officers can impact and that are likely to have an impact on shareholder value."
News For WMT From The Last 14 Days
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August 29, 2014
08:07 EDTWMTWal-Mart challenges Alibaba with additions to online site in China, WSJ says
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August 25, 2014
13:47 EDTWMTWal-Mart launching chip-enabled store-brand MasterCard
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August 24, 2014
21:53 EDTWMTNational Association of Chain Drug Stores to hold an expo
2014 NACDS Total Store Expo to be held in Boston on August 23-25.
August 21, 2014
13:23 EDTWMTWal-Mart cut iPhone prices, Washington Post says
Wal-Mart (WMT) today began selling Apple's (AAPL) iPhone 5s for $79, and cut the price of the iPhone 5c to just 97c, according to The Washington Post. The devices previously cost $99 and $29 respectively at Wal-Mart, the newspaper stated. Reference Link
10:34 EDTWMTOptions Update; August 21, 2014
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09:37 EDTWMTActive equity options trading on open
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August 20, 2014
08:30 EDTWMTWal-Mart management to meet with MKM Partners
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