Sam's Show: The Spectacle of Wal-Mart's 1988 Shareholders' Meeting

by George Waldon  on Monday, Mar. 31, 2014 12:00 am  

Their names also grace buildings on the University of Arkansas campus.

The Sam M. Walton College of Business honors the charismatic leader. The memorialization dates back to 1998 when the Walton Family Charitable Support Foundation donated $50 million, the largest upfront cash gift ever given to a public business college at the time.

Bud Walton Arena opened for the 1993-94 National Championship season and became the new venue for Wal-Mart’s annual shareholders’ meetings.

Bud bankrolled half the $30 million cost of building the 19,200-seat replacement for Barnhill Arena.

Total revenue from Wal-Mart’s global operations topped $473 billion and produced a $16 billion profit during the 12 months ending Jan. 31.

The company operates 11,000 stores in 27 countries. Sam’s son, Rob, is chairman of the board and, as of February 2014, Doug McMillon is CEO.

And George Waldon, who covered the shareholders meeting in 1988, is a senior editor with Arkansas Business.

 

 

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