Wal-Mart Vows to Promote Women
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Seeking to counter Wal-Mart's image as a company that sells mostly to women yet is overwhelmingly run by men, new Wal-Mart (WMT) CEO Mike Duke pledged at the company's annual shareholder conference on Friday, June 5, to boost the retailer's commitment to developing female leaders by launching a "global women's council."
Wal-Mart also announced at the boisterous, star-studded meeting that its board has approved a new $15 billion share-repurchase plan. The program replaces a previous $15 billion initiative that began in 2007 and had approximately $3.4 billion of remaining authorization. Wal-Mart's shares were down 0.03, to 50.84, as of 3 p.m. Friday.