Walmart Execs Talk About Taking Risks, Trade Issues

Roughly 15,000 shareholders and Walmart employees crowded into Bud Walton Arena at the University of Arkansas in the rain early on Friday, marking the 49th consecutive year for the retail giant’s annual meeting. Walmart said another 34,000 people streamed the meeting online.

The annual meeting has become a celebration for employees in recent years as the business meeting was moved to a separate date earlier in the week. As usual, the energy was high for three-hour event where executives shared technology developments unveiled in the past year. Greg Penner, board chairman for Walmart Inc., said Walmart is where it is today by taking bold risks to serve customers better. This, he said, is linked directly to co-founder Sam Walton. Daughter Alice Walton said, “Dad always encouraged experimentation.” Those risks won’t always pay off in success, but Jim Walton – son of founders Helen and Sam Walton – said “dad always learned something by taking risks.”     MORE

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