Public Companies Archive

Flashbacks of Arkansas Business' First 30 Years (Editor's Note)

by Gwen Moritz 3/31/2014 12:00 am

To celebrate Arkansas Business' 30th anniversary, the staff decided to pull out and reprint some of the stories that we felt were the most important, the most interesting and the most fun. Arkansas Business is still reporting on the state economic scene with business executives as its readership, sticking to its mission of providing the revealing, memorable and important business news available in Arkansas.

George Gleason II: The Wizard of Ozark Bankshares

by George Waldon 3/31/2014 12:00 am

When a restless George Gleason II turned his energies from securities law at the Rose Law Firm toward banking, he also met the familiar face of success. Working with business veteran Carl Holt and a young staff, he built the Bank of Ozark with 35 employees and total assets of $28 million into today's Ozark Bankshares Inc., with more than 100 employees and assets totaling $150 million.

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

by George Waldon 3/31/2014 12:00 am

Standing here in northwest Arkansas amid the appreciative gathering with sky blue “What's Important Is You” banners hanging from the rafters and scoreboard, the messes is clear: God, America, Wal-Mart. Welcome to the pageantry and spectacle of Sam Walton's capitalism rally — the 1988 Wal-Mart Shareholders' Meeting — touted as the largest shareholders' meeting in America, if not the world.

Oily Deals: Pattern Emerging in Questionable Arkoma Gas Transactions

by Wythe Walker Jr. and David F. Kern 3/31/2014 12:00 am

Jerry Jones has always pleaded innocent in the controversial 1982 Arkla-Arkoma gas deal, a deal worth at least $174.8 million when the final numbers were tallied last fall. This January, a ratepayers' class-action suit declared the deal an insider's rip-off for Arkansas gas consumers who got stuck with an $80 million overcharge bill that went straight into Jones' bulging bank account.

1979 Crash Hurried Magic Mart's End

by Jack Whitsett 3/31/2014 12:00 am

It's easy to forget now, but Wal-Mart wasn't always the dominant discount retailer in the world. As late as 1979, the Bentonville chain arguably wasn't even the dominant Arkansas discounter. That effectively changed the morning of Friday, Dec. 21, 1979, when a Cessna 421 twin-engine plane carrying three vice presidents of Sterling Stores Inc. slammed into a fog-covered hill 4 miles southwest of Locust Grove, near Batesville.

Andrew Kilgore: Portraits in Black and White

by Arkansas Business Staff 3/31/2014 12:00 am

Beginning with the last issue of 1984 and continuing into 1988, Andrew Kilgore photographed business legends and up-and-comers for the cover of Arkansas Business.

John Glasgow to Dillard's: ‘Call Off the Dogs'

by Gwen Moritz 3/31/2014 12:00 am

The relationship between the management of CDI Contractors LLC of Little Rock and half-owner Dillard's Inc. was under tremendous stress in the days before CDI's chief financial officer disappeared on Jan. 28.

Process Server Relates ‘Look of Terror' on Face of Bond Scammer Kevin Lewis

by George Waldon 3/31/2014 12:00 am

Kevin Lewis wasn't a high-profile guy until he started attracting lawsuits and the attention of federal investigators in connection with allegations of bank fraud involving multiple lenders. The day-to-day whereabouts of Lewis might be as enigmatic as the man, but Andy Myers can tell you where Lewis was on Feb. 3. That's the day he caught up with Lewis at his parents' home in Searcy.

An Interview with Alice Walton: Crystal Bridges An Expression of Love

by Jan Cottingham 3/31/2014 12:00 am

Articles about Alice Walton and Crystal Bridges Museum of American Art have tended to focus on big numbers: an $800 million endowment, hundreds of millions of dollars worth of artwork, 200,000 SF of museum space, 250,000 visitors expected to visit the Bentonville showplace yearly. What the stories haven't done is explain why Walton, the only daughter of Wal-Mart founder Sam Walton, chose art as her way to give not just to northwest Arkansas but to the entire world.

Wal-Mart Sues Visa Over Card Fees, Alleges Conspiracy to Fix, Inflate

by Associated Press 3/28/2014 10:12 am

Wal-Mart Stores Inc. is suing Visa Inc. over fees that it charges the world's largest retailer when customers use a credit or debit card. In a complaint filed with the U.S. District Court for the Western District of Arkansas, Wal-Mart alleges that Visa conspired with banks to illegally fix and inflate fees that retailers pay on transactions.

Video: Acxiom's Scott Howe on Privacy, Data at Delta Trust Conference

by Lance Turner 3/28/2014 09:28 am

Acxiom Corp. CEO Scott Howe is continuing to make the rounds, explaining Big Data, marketing and consumer privacy.

Wal-Mart Bribery Investigation Tally Tops $439M

by Lance Turner 3/27/2014 11:09 am

Wal-Mart Stores Inc.'s latest filing with the U.S. Securities and Exchange Commission says the retailer has spent $439 million in the past two years to investigate allegations that it paid foreign bribes.

Flavio Malnarcic Named President, GM of Tyson do Brasil

by Arkansas Business Staff 3/26/2014 03:05 pm

Tyson Foods Inc. of Springdale promotes Flavio Malnarcic to president and general manager of Tyson do Brasil, the meat processor's subsidiary in Brazil.

Acxiom: Less Than 2 Percent Have Opted Out of Data Collection

by Lance Turner 3/26/2014 11:06 am

AdWeek this week sits down with Acxiom Corp. CEO Scott Howe to talk privacy, data collection and regulation.

Simmons First to Buy Delta Trust for $66M

by Mark Friedman and Lance Turner 3/24/2014 03:45 pm

Simmons First National Corp. of Pine Bluff is buying privately held Delta Trust & Banking Corp. of Little Rock, the pair announced Monday. Simmons CEO George Makris says the $66 million deal will allow it to expand its Simmons Trust services.

Wal-Mart Seeks Another Stay in Mexican Bribery Case

by Mark Friedman 3/24/2014 12:00 am

Wal-Mart Stores Inc. has once again asked a U.S. District Court judge in Arkansas to stay a lawsuit that shareholders filed against it and its directors over allegations of bribery in Mexico.

Women Can — And Men Can, Too (Editorial)

by Arkansas Business Editors 3/24/2014 12:00 am

There may be a few jobs out there in which every man — person — for himself is a winning strategy, but a rising tide generally does lift all boats. All of us should ask: Am I protecting myself to my own detriment? Would I be more successful or happier or richer or less stressed if I shared the opportunity?

Kristi Crum of Verizon on Keeping a Line Open for Rural Communities

by Arkansas Business Staff 3/24/2014 12:00 am

Kristi Crum began her career in 2001 as an analyst for Alltel Corp. in Little Rock. She continued working for the company following its acquisition in 2009 by Verizon. She has worked at Verizon's headquarters in New Jersey and was most recently director of retail sales for Verizon's northern California region. Her current position will return her to her home city of Little Rock.

Murphy USA Files First Proxy; CEO Andrew Clyde Makes $4.15M

by Luke Jones 3/21/2014 12:15 pm

Murphy USA Inc. of El Dorado files its first proxy statement with the U.S. Securities Exchange Commission, showing CEO Andrew Clyde received $4.15 million in compensation during the company's first year.

Moving to CEO, Roger Jenkins Gets 60 Percent Compensation Boost

by Lance Turner 3/21/2014 11:48 am

Murphy Oil Corp.'s new chief executive received a 60 percent boost in total compensation from 2012 to 2013, according to the publicly traded oil company's annual proxy statement, filed Friday with the U.S. Securities and Exchange Commission.