FAYETTEVILLE, Ark.--(BUSINESS WIRE)--Making Change at Walmart and OUR Walmart today released the following statement in response to Walmart’s decision to elevate Greg Penner to Chairman of Walmart’s Board of Directors:
“It’s business as usual at Walmart and once again, it’s the hard-working men and women who contribute to Walmart’s success who are paying the price. Instead of listening to and respecting Walmart worker shareholders who have been calling on Walmart and the Waltons—heirs to the Walmart empire—to a implement a new policy establishing an independent chairperson, Walmart and the Waltons have once again decided to elevate family members to powerful positions.
“Walmart and the Waltons must be held accountable for driving down the standard of living for millions of retail workers. Until that happens, members of OUR Walmart will continue to take a stand for better wages, hours and respect at our country’s largest private employer.
“The Waltons have the power to change Walmart simply by choosing to be better corporate citizens and invest in and respect its workforce. Unfortunately, they have so far shown no inclination to do so, preferring instead to stick to a low-wage, part-time business model that hurts workers, investors, and our entire economy.”
- Greg Penner is married to Carrie Walton, who is the daughter of the Rob Walton, the former Chairman of Walmart’s Board of Directors.
- The Walton family controls more than half the outstanding shares of the company, and putting Penner in the role of chairman will further cement the family’s power over the board of directors and its family fortune.
- Since 2007, while millions of Americans were having their homes foreclosed and jobs eliminated, the fortune of six members of the Walton family has more than doubled to an astounding $148.8 billion. These six people have more wealth than 43 percent of America’s families combined.
LEGAL DISCLAIMER: UFCW and OUR Walmart have the purpose of helping Wal-Mart employees as individuals or groups in their dealings with Wal-Mart over labor rights and standards and their efforts to have Wal-Mart publicly commit to adhering to labor rights and standards. UFCW and OUR Walmart have no intent to have Walmart recognize or bargain with UFCW or OUR Walmart as the representative of Walmart employees.