On May 30th at Walmart???s 2018 Annual Meeting, shareholders will vote on a ???Request for Report on Racial or Ethnic Pay Gaps.???
A group of shareholders wants WMT to prepare a report ???demonstrating the company does not have any racial or ethnic pay gaps.???
WMT???s own report in 2017 found that 43% of its American workers are people of color, yet only 31% of its managers and only 21% percent of corporate officers are people of color. WMT???s hourly workforce is about 50% part-time, but the company does not report on the whether people of color are concentrated in these lower-paid positions. ???Not reporting racial and ethnic pay gaps or the composition of the part-time workforce is a glaring omission,??? the Resolution says.
In an 831 word response, WMT says, ???We continue to work diligently to provide opportunities for economic mobility and inclusion for all of our associates. Therefore, we believe the adoption of this proposal is unnecessary and would distract from our ongoing execution of these important commitments and initiatives.???
Walmart always opposes Shareholder Resolutions. Since the Walton family controls more than 50% of stock voters, all Shareholder’s Resolution are dead on arrival.
But shareholders continue to file these resolutions to educate other shareholders, and to remind the public that Walmart is a bad corporate actor.
See page 91 of the Walmart Shareholders report:
http://s2.q4cdn.com/056532643/files/doc_financials/2018/annual/58888_Walmart_2018_Proxy_Bookmarked.pdf
On May 30th at Walmart???s 2018 Annual Meeting, shareholders will vote on a ???Request for Report on Racial or Ethnic Pay Gaps.???
