Walmart Shareholders Hyped As Musical Talent Took The Stage

From Grammy award winning artists to actors and musicians, the Walmart Shareholders meeting celebrated its financial gains and its employees.

Hip Hop and R&B singer Pharrell Williams took the stage and sang his latest hit, “Happy.”

Robin Thicke took the stage next with “Get Her Back.” Pharrel joined him to sing  “Blurred Lines.”

Other performances included Sarah McLachlan, Florida George Line and Aloe Blacc.

The host of the Walmart Shareholders Meeting was musician and actor Harry Connick Jr.

Walmart officials also took the stage to talk business. Officials also announced plans to open 200 new Neighborhood Markets.

Charles M. Holley Jr., chief financial official, said the company had an impressive 2014 fiscal year.

“The U.S had to deal with higher income taxes, delayed tax refunds, government debt and budget crisis and reduction in government assistance programs,” Holley said. “So given all of that how did we do? Well your company reached a record $473 billion in sales.”

The meeting also gave a warm welcome to the new Walmart CEO Doug McMillon. McMillon replaced Mike Duke in February.

“So where are we today?” McMillon said. “Over 2 million associates, just over 250 million customers a week, 27 countries, multiple store formats and brands, and a host of e-commerce capabilities and we’re growing.”

The Walmart Shareholders Meeting brought thousands of associates and shareholders from all over the world to Fayetteville.

Scott Neal, Walmart VP of produce, meat and seafood, won the Sam M. Walton Entrepreneur of the Year.

Below is one of 5NEWS Reporter Jocelyne Pruna‘s morning live shots before the big meeting. Walmart associates and shareholders tried to guess or put in a request on the celebrity guests.

13 comments

  • Bob Gnarly

    More stories about the Walmart shareholders please. We just can’t get enough of this highly newsworthy news…….

  • THATS FUNNY

    Here’s the whole story… click LIKE and SHARE to spread the word.
    “Around the time that the young Sam Walton opened his first stores, John Kennedy redeemed a presidential campaign promise by persuading Congress to extend the minimum wage to retail workers, who had until then not been covered by the law. Congress granted an exclusion, however, to small businesses with annual sales beneath $1 million — a figure that in 1965 it lowered to $250,000.Walton was furious. The mechanization of agriculture had finally reached the backwaters of the Ozark Plateau, where he was opening one store after another. The men and women who had formerly worked on small farms suddenly found themselves redundant, and he could scoop them up for a song, as little as 50 cents an hour. Now the goddamn federal government was telling him he had to pay his workers the $1.15 hourly minimum. Walton’s response was to divide up his stores into individual companies whose revenues did not exceed the $250,000 threshold. Eventually, though, a federal court ruled that this was simply a scheme to avoid paying the minimum wage, and he was ordered to pay his workers the accumulated sums he owed them, plus a double-time penalty thrown in for good measure. Wal-Mart cut the checks, but Walton also summoned the employees at a major cluster of his stores to a meeting. ‘I’ll fire anyone who cashes the check,’ he told them.”

    Reply Report comment

    • Mr. Jay

      THATS FUNNY…..do you have to put any effort in to being a complete waste of skin,…or does it just come naturally to you?

      • @MISS GAY JAY

        why do you little pudgy white fudgepackers get so upset when anybody says something about wal mart? as many child molesters as there are up here i wouldnt be surprised that you are a child molester. demographically and statistically speaking (typing) a majority of pedophiles are pudgy white men..

  • Get Real

    Why is it the most pathetic losers are the loudest whiners and complainers about anyone else who is successful. Seems they can’t stand to see someone succeed, and blame that success on luck, or misdeeds, instead of intelligence and skill. Their own sorry state is someone else’s fault, not their own lack of initiative and ability. Don’t like Walmart, don’t work or shop there, but don’t try to redistribute someone else’s assets. Success speaks for itself, loudly in the case of Walmart.

      • B J

        COMING FROM AN Enterpenurial Family………When you are out of work and babies to be fed, and someone gives you an Opportunity to feed them………….HOW this country was built and now Obama Nation is giving it away to Muslim Nations; while you Bite the Hands that have fed your family and still feed families selling U S made Products and useing U S Labor to do so……..Get a Life; this is NOT a perfect world, BUT it is Big company;s who HIRE you and still FEED your babies today…..Obama wants that ended and everyone on Welfare; But SURPRISE “Who Pays the Bills and buys the Groceries and Pays for HIS HEALTHCARE when the Businesses are gone Are you volunteering?

      • Get Real

        In order to be offended, you must have some degree of respect for the offender. Not offended at all, ignorance speaks for itself.

      • Mr. Jay

        Is your name really THATS FUNNY? Or is that what all the ladies say when they see you naked?

  • THATS FUNNY

    America’s richest family contributes almost none of their personal wealth to the family’s charity, according to a new report by the Walmart 1 Percent.

    The Waltons are the wealthiest family in the United States and control a majority of shares in Walmart. Six members of the family are among the 85 wealthiest individuals in the world, a group whose wealth is greater than half of the world’s population.

    While other extremely wealthy philanthropists, such as Bill Gates and Warren Buffet, contribute over 25 percent of their net worth to their charitable efforts, members of the Walton family have given less than 0.04 percent to their family foundation. Meanwhile, according to The Chronicle of Philanthropy, ordinary middle-income Americans contribute six percent of their income to charity.

    The report is based on an analysis of 23 years of tax returns from the Walton Family Foundation and outlines just how little members of the Walton family have contributed to their family’s charitable foundation over that period:

    Rob Walton, chairman of Walmart’s board of directors, has not made a single contribution to the Foundation.

    Alice Walton has not given a single dollar to the Foundation.

    Jim Walton made one personal contribution of $3 million to the Walton Family Foundation, more than 15 years ago.

    The total contributions of Rob, Jim, Alice, and Christy Walton, and their family holding company to the Walton Family Foundation amount to $58.49 million, equivalent to:
    •0.04% of their net worth
    •Less than one week’s worth of the Walmart dividends they will receive this year
    •Less than the estimated value of Rob Walton’s collection of vintage sports cars

    Instead of contributing their own money, the Walton family relies on charitable lead annuity trusts (CLATs) to fund the foundation. The report suggests that the primary role of the foundation is not to give charitably, but rather to increase the family’s personal wealth through tax avoidance schemes. Using CLATs, a previous report released by Americans for Tax Fairness indicated the family successfully avoids an estimated $3 billion per year in estate taxes:

    “CLATs are a type of trust invented by financial planners to take advantage of loopholes in the tax code with the objective of minimizing gift and estate tax liability when family wealth passes between generations. Among financial planners serving wealthy clients it is widely understood that, under the right conditions, a CLAT can be used to completely eliminate – or ‘zero out’ – estate and gift taxes on the inter-generational transfer of wealth.”

    Members of OUR Walmart, the organization of current and former employees calling for higher wages and better working conditions at Walmart, have questioned why they must rely on food stamps when they work at the most profitable company in the country, owned by one of the world’s richest families. The gap between the Walton family and its employees is staggering. Last year, for example, employees at one store in Canton, Ohio, gained national attention after hosting a holiday canned food drive for each other. Without adequate hours and wages, many Walmart associates are forced to rely on taxpayer-funded assistance such as food stamps and Medicaid.

    As part of their ongoing effort to stand up to Walmart’s greed, this week members of OUR Walmart will be going on strike in cities across the country to bring attention to the company’s retaliation against employees that have spoken out against income inequality. As documented in our 2013 report, many employees that have spoken out for better working conditions at Walmart have faced retaliation, including being outright fired.

    As controllers of the majority of Walmart shares, the Waltons are in a position to provide hourly associates among the company’s 1.4 million employees a much-needed pay increase. Despite their extreme wealth, the Waltons have ignored calls from Walmart employees to provide adequate hours and a minimum annual compensation of $25,000.

    While Walmart hourly associates struggle to make ends meet, the company’s board approved significant compensation packages for top executives this year. A Walmart CEO earns 1,034 times the average workers’ salary, the highest CEO-to-worker pay ratio among Fortune 500 companies. Incredibly, Walmart’s new president and CEO, Doug McMillon, recently claimed he’s just another associate, despite being compensated $9.56 million last year. As long as the Waltons continue to ignore the cries of Walmart associates in favor of increasing their own personal wealth, employees at the world’s largest retailer will continue to be forced to take bolder action to make their voices heard.

    Read the entire report at Walmart 1 Percent.

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