January 18, 1990 |
Sam Walton, founder of the Wal-Mart discount chain, has bone-marrow cancer. Walton announced in a memo distributed in the company Wednesday that he had undergone chemotherapy and some radiation therapy at M. D. Anderson Hospital in Houston for multiple myeloma, according to Wal-Mart spokesman Don Shinkle. "Along with Mr. Sam's doctors, we are very encouraged that because of early detection and treatment a full recovery is expected," the company said in a statement.
January 15, 2000 |
Wal-Mart Stores Inc. said David Glass, who expanded the discount chain beyond its rural roots into the world's largest merchant, will step down as chief executive and president after 12 years. He will be succeeded by H. Lee Scott Jr. Glass, 64, joined the retailer in 1976 and took over from founder Sam Walton in 1988. Scott, 50, has been with Wal-Mart for two decades and is best known for his expertise in using logistics to squeeze costs.
April 14, 2007 |
Thomas Jefferson University in Philadelphia has sold a second Thomas Eakins painting, this time to the Wal-Mart heiress who earlier had expressed interest in acquiring another of the artist's masterpieces. Eakins' 1874 "Portrait of Professor Benjamin H. Rand" will go to the Crystal Bridges Museum of American Art in Bentonville, Ark., for an undisclosed amount, the university said. The museum is being built by billionaire Alice Walton, daughter of Wal-Mart founder Sam Walton.
September 9, 2004 |
Wal-Mart Stores Inc. can no longer remain sheltered in its Bentonville, Ark., headquarters while potentially costly lawsuits pile up, Chief Executive Lee Scott said Wednesday. Scott said at an analyst conference in New York that Wal-Mart management had failed in its efforts to repair the retailer's reputation, which has been tarnished by dozens of discrimination cases and charges of worker mistreatment in recent years.
CALIFORNIA | LOCAL
May 6, 1992 |
The recent death of Wal-Mart retail chain store founder Sam Walton and complex dealings with Lockheed Corp., which owns the land where a proposed $111-million shopping center would be located, has prompted the Burbank City Council to approve a 60-day extension in negotiations. Officials said a Feb.
December 31, 1999 |
Wal-Mart Stores Inc. Chairman S. Robson Walton sold about $110.5 million worth of stock in November, his largest sale in about a decade, just a month before the world's biggest retailer's shares reached an all-time high. Walton, son of company founder Sam Walton, sold 1.9 million shares from Nov. 10 to Nov. 29 at prices ranging from $57 to $59.81, according to Washington Service, which tracks insider trading.
March 29, 1996 |
Viacom is expected today to name a top executive of Wal-Mart as chief executive of Blockbuster Entertainment Group, the home video arm that has held down the media company's stock price. A source close to the company said William R. Fields, regarded as a strong candidate to become president of Wal-Mart this year, will oversee Blockbuster's 4,600 video and music stores.
July 5, 1995 |
Microsoft Corp. mogul Bill Gates is the world's richest private individual with a $12.9-billion fortune, displacing a Japanese real estate magnate from the top of the annual list compiled by Forbes magazine. Gates' wealth rose from $8.1 billion during the past year as Microsoft's stock price soared, Forbes says in its July 17 issue, released Tuesday. Gates was the richest American a year ago but ranked second worldwide. Investor Warren Buffett was second with $10.7 billion, up from $7.