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United States : Wal-Mart investor ire could cloud annual meeting
Publish Date : 02-Jun-2012
Growing concern over the past actions of Wal-Mart Stores Inc executives and board members threatens to cast a pall over the world\'s largest retailer\'s annual shareholder meeting and 50th anniversary party on Friday.
Large investors and a scrappy group of employee shareholders are calling for the removal of leaders such as Wal-Mart\'s chief executive officer and its chairman from the board for their alleged connection to a bribery scandal in Mexico.
\"Wal-Mart has given us an opportunity, with the Mexico bribery scandal, to pick up a head of steam,\" said Jackie Goebel, 60, a company employee for two decades.
Ms Goebel belongs to a group called Organization United for Respect at Walmart, which is backed by groups including a major grocery union and has spent the last couple of days encouraging stockholders to vote against several directors.
