August 13, 2006 |
The home-built aircraft in which Wal-Mart heir John Walton was killed last year had a loose flight control component and was heavily modified, a National Transportation Safety Board investigation found. Walton, 58, died June 27, 2005, when his kit-built plane crashed in Grand Teton National Park in Wyoming shortly after he took off. Walton, worth about $18 billion, was one of three sons of Wal-Mart founder Sam Walton.
October 20, 1987 |
Sam Walton, identified by Forbes magazine as the nation's wealthiest man, shrugged off the more than half a billion dollars he lost in Monday's stock market plunge. "It's paper anyway," Walton, the founder and largest shareholder of Wal-Mart Stores Inc., said. "It was paper when we started and it's paper afterward." Other big losers included Leslie Wexner, head of the Limited Inc., $195.7 million; Seagram Chairman Edgar Bronfman, out $126.3 million; Ted Arison of Carnival Cruise Lines, $34.
CALIFORNIA | LOCAL
November 22, 2003 |
Inez June Threet, who won a place in U.S. corporate history as the first employee hired by Wal-Mart founder Sam Walton, died Monday of a heart ailment in Centerton, Ark., Reuters reported. She was 84. Threet eventually would be joined by almost 1.5 million additional employees, or "associates," in Wal-Mart parlance, as the discount retailer grew to become one of the world's largest corporations.
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.
March 5, 2006 |
Is that a cup and handle? Do I see a "W" pattern on the chart in front of me? I am sitting in my den in Venice, staring at a computer screen, trying to discern these things. The charts I am scrutinizing are of stock prices, and I am trying to find the right one, the one that's behaving like a stock whose price is about to soar. Finally, I think I've found it, a ladle-looking image that marks the rise, fall and rise again of a company's worth in the market. This particular company, EZCorp Inc.
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.
September 13, 2007 |
THE Georgia O'Keeffe Museum in New Mexico has dropped its lawsuit to claim a 101-piece art collection from Fisk University in Nashville. The Santa Fe, N.M., museum moved to withdraw its lawsuit Tuesday, one day after a judge denied a settlement agreement that would have sent a prominent O'Keeffe painting to the museum for $7.5 million.
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.