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Sam Walton

November 22, 2003 | From Staff and Wire Reports
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 | From Times Wire Services
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.
Wal-Mart Stores Inc., the nation's largest retailer, has stunned the music industry by banning an upcoming album by Grammy winner Sheryl Crow from its stores because of a song lyric suggesting that the retailer sells guns to children. Wal-Mart's decision, which record industry executives estimate could cost Crow a staggering 400,000 album sales, comes two weeks before the album, "Sheryl Crow," is to be released by A&M Records on Sept. 24.
January 15, 2000 | From Bloomberg News
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 | From the Associated Press
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 | From Reuters
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.
May 6, 1992 | GREG BRAXTON
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 | Bloomberg News
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.
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