Content about Lee Scott

April 23, 2014

Wal-Mart Stores, Inc. announced Wednesday that its former president and CEO Lee Scott will not seek re-election to the company’s board of directors.

Bentonville, Ark. -- Wal-Mart Stores, Inc. announced Wednesday that its former president and CEO Lee Scott will not seek re-election to the company’s board of directors.

As well, current board member Chris Williams will not stand for re-election to the board of directors at Walmart’s Annual Shareholders’ meeting on June 6.

April 23, 2014

Wal-Mart Stores, Inc. announced Wednesday that its former president and CEO Lee Scott will not seek re-election to the company’s board of directors.

Bentonville, Ark. -- Wal-Mart Stores, Inc. announced Wednesday that its former president and CEO Lee Scott will not seek re-election to the company’s board of directors.

As well, current board member Chris Williams will not stand for re-election to the board of directors at Walmart’s Annual Shareholders’ meeting on June 6.

June 1, 2012

Wal-Mart Stores is expected to face scrutiny from shareholders at its annual meeting on Friday in the wake of allegations of bribery in Mexico.

New York -- Wal-Mart Stores is expected to face scrutiny from shareholders at its annual meeting on Friday in the wake of allegations of bribery  in Mexico.

The allegations are being investigated by the U.S. Department of Justice, the U.S. Securities and Exchange Commission and government agencies in Mexico. Wal-Mart is also conducting an internal probe.
 

April 23, 2012

Two U.S. lawmakers are launching an investigation into allegations of bribery at Wal-Mart Stores’ Mexican affiliate.

New York -- Two U.S. lawmakers are launching an investigation into allegations of bribery at Wal-Mart Stores’ Mexican affiliate. Representative Elijah Cummings, the top Democrat on the House Oversight and Government Reform Committee, and Representative Henry Waxman, the top Democrat on the House Energy and Commerce Committee, sent a letter to Michael Duke, Wal-Mart CEO, requesting an in-person meeting with company officials.

November 30, 2011

Lee Scott, the former CEO of Wal-Mart Stores, sold 100,000 shares in the company on Friday, reducing his direct stake in the company by about 14%, according to a filing released late on Tuesday, Barrons reported.

New York City -- Lee Scott, the former CEO of Wal-Mart Stores, sold 100,000 shares in the company on Friday, reducing his direct stake in the company by about 14%, according to a filing released late on Tuesday, Barrons reported.

Scott sold the shares for $57.17 each on average. He still owns about 607,000 shares directly, not including any options he may still have, the report said. Scott had not sold shares since March 2010, when he also sold about $5.7 million worth, according to InsiderScore.com.
 

November 30, 2011

Lee Scott, the former CEO of Wal-Mart Stores, sold 100,000 shares in the company on Friday, reducing his direct stake in the company by about 14%, according to a filing released late on Tuesday, Barrons reported.

New York City -- Lee Scott, the former CEO of Wal-Mart Stores, sold 100,000 shares in the company on Friday, reducing his direct stake in the company by about 14%, according to a filing released late on Tuesday, Barrons reported.

Scott sold the shares for $57.17 each on average. He still owns about 607,000 shares directly, not including any options he may still have, the report said. Scott had not sold shares since March 2010, when he also sold about $5.7 million worth, according to InsiderScore.com.
 

October 17, 2011

New York City -- Wal-Mart Stores announced Monday that the president of its China unit is stepping down. A company spokesman said the resignation was unrelated to a Chinese government food safety case against several Wal-Mart stores.

Ed Chan, CEO of Wal-Mart China, left for personal reasons, the company said. Scott Price, president of Walmart Asia, will fill the position in the interim.

June 20, 2011

For a couple of years running, I devoted my July column to a summer retail-reading list.

For a couple of years running, I devoted my July column to a summer retail-reading list. But over time, the new books seemed more or less interchangeable with the ones from the previous year, so I moved on. 


This summer, I decided to bring back the annual list. I did so because of two titles that caught my eye. Literally. On a surface glance, they couldn’t be more different. But each is fascinating in its own way — and each addresses some very timely concerns. So start reading — it’s already July!


June 20, 2011

For a couple of years running, I devoted my July column to a summer retail-reading list.

For a couple of years running, I devoted my July column to a summer retail-reading list. But over time, the new books seemed more or less interchangeable with the ones from the previous year, so I moved on. 


This summer, I decided to bring back the annual list. I did so because of two titles that caught my eye. Literally. On a surface glance, they couldn’t be more different. But each is fascinating in its own way — and each addresses some very timely concerns. So start reading — it’s already July!


March 18, 2011

Investment bank Goldman Sachs announced that H. Lee Scott Jr., former CEO of Wal-Mart Stores, will not stand for re-election at the annual meeting in May.

New York City -- Investment bank Goldman Sachs announced that H. Lee Scott Jr., former CEO of Wal-Mart Stores, will not stand for re-election at the annual meeting in May.

Scott has not been at Goldman for long. In 2010, Goldman tapped him to replace the former managing director of McKinsey & Company, Rajat K. Gupta, when he left the board.

December 17, 2010

Some are entrepreneurs who built their companies from the ground up, turning one idea into a billion-dollar global empire.

Some are entrepreneurs who built their companies from the ground up, turning one idea into a billion-dollar global empire. Some came up through the ranks, earning the trust and admiration of those around them with each passing year. And still others came in later — hired guns — bringing with them an expertise and skill set that sets them apart. All are alike in their ability to create new opportunities and take their businesses to the next level — no easy feat in today’s marketplace.

January 20, 2009

Wal-Mart president and CEO Lee Scott has issued the following statement regarding Barack Obama's inauguration...

January 11, 2009

Lee Scott, chief executive of Wal-Mart Stores Inc., said Monday he expects the U.S. economy...

January 11, 2009

Lee Scott, chief executive of Wal-Mart Stores Inc., said Monday he expects the U.S. economy...

January 6, 2009

Wal-Mart Stores Inc. on Wednesday named the manager who leads its Sam’s Club division as...

December 14, 2008

Within the space of two weeks’ time early next year, we will inaugurate a new...

December 14, 2008

Within the space of two weeks’ time early next year, we will inaugurate a...

December 14, 2008

Within the space of two weeks’ time early next year, we will inaugurate a new...

December 14, 2008

Within the space of two weeks’ time early next year, we will inaugurate a...

November 20, 2008

In an unexpected move, Wal-Mart Stores Inc. announced Friday chief executive Lee Scott will retire...

November 20, 2008

In an unexpected move, Wal-Mart Stores Inc. announced Friday chief executive Lee Scott will retire...

October 21, 2008

(Oct. 22) Wal-Mart Stores announced a major effort to make Wal-Mart China a leader in...

October 21, 2008

Wal-Mart Stores issued environmental and product-safety guidelines for its global suppliers Wednesday, starting with those...

October 21, 2008

Wal-Mart Stores issued environmental and product-safety guidelines for its global suppliers Wednesday, starting with those...

August 13, 2008

Wal-Mart Stores Inc. posted a 17% increase in its second-quarter profit Thursday, helped by cost...