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Brett Biggs

Banking & Finance / Public Companies / Retail / Transportation

Execs’ Personal Use of Company Planes on the Rise

John Tyson’s use of Tyson Foods Inc.’s corporate jet for personal travel cost the Springdale protein producer $1.4 million in its fiscal year that end read more >
Energy / Manufacturing / Public Companies / Retail / Transportation

Walmart, Dillard’s Execs Top List of Highest Pay

Walmart Inc. executives, followed by Dillard's Inc. dominated this week’s list of public company executives ranked by total compensation. read more >
Doug McMillon, president and CEO of  Wal-Mart Stores Inc., has aggressively pushed the discount retailer into a new era emphasizing online shopping. Many of Wal-Mart’s moves in 2017 took direct aim at its chief competitor, Amazon.
Public Companies / Retail

Walmart CEO’s Total Compensation Dips to $25.3M

The annual total compensation of Walmart's median employee was $27,136, an increase of 7.1% from the previous year. read more >
Walmart CFO John Rainey
Banking & Finance / Retail

PayPal Exec John Rainey Named Next Walmart CFO

Rainey brings experience leading innovation-minded customer service organizations, CEO Doug McMillon said. read more >
Mervin Jebaraj, director of the Center for Business and Economic Research at the University of Arkansas
Banking & Finance / Business Services / Health Care / Manufacturing / Restaurants & Food / Retail / Small Business / Tourism / Transportation

UA Economist Gives Tepid Forecast for Arkansas

Mervin Jebaraj believes several important industries will have a difficult time reaching pre-pandemic employment levels. read more >
Brett Biggs
Retail

Walmart CFO Brett Biggs to Step Down in 2022

Walmart Inc. of Bentonville executive Brett Biggs will step down as CFO sometime next year with an eye toward leaving the retailer on Jan. 31, 2023. read more >
Investments / Public Companies / Retail

Walmart Posts Strong Sales, Profit Ahead of Holidays

Supply chain issues didn't stop the company from topping Wall Street expectations heading into the holiday shopping season. read more >
Investments / Retail

Walmart Raises Outlook as Q2 Beats on Profit, Revenue

Walmart Inc. of Bentonville reports fiscal second-quarter profit of $4.28 billion and earnings per share of $1.78, beating analysts' expectations. read more >
“I think the upfront cost is significant. Eventually, it’s going to pay for itself a few years down the road.” – John Cui, associate professor of operations and information management, McDonough School of Business at Georgetown University
Business Services / Public Companies / Retail / Transportation

Walmart Launches Logistical RevolutionLock Icon

If robots can beat grandmasters at chess, surely they can help Walmart with a game of logistical Tetris. read more >
Doug McMillon speakers at the 2019 Walmart shareholders' meeting at Bud Walton Arena in Fayetteville.
Investments / Public Companies / Retail

Walmart’s CEO Sees Total Compensation Climb Slightly

Walmart Inc. President and CEO C. Douglas McMillon saw his total compensation increase 2.1% to $22.6 million for the fiscal year that ended Jan. 31 compared with the previous year. read more >
Investments / Public Companies

Update: Walmart Sales Still Surging, But A Chill May Be On the Way

Walmart swings to a loss in the fourth quarter as the sale of its Japan and United Kingdom divisions weighed on its performance. read more >
Banking & Finance / Public Companies / Retail

Walmart Launching New Fintech Startup

Walmart announced Monday the creation of a new fintech startup designed to develop and offer “modern, innovative and affordable financial solutions.” read more >
Doug McMillon, Walmart president and CEO, received $23.6 million in total compensation last year.
Investments / Public Companies

Walmart Reports 1Q Same-Store Sales Up 10%, Online Sales Up 74%

E-commerce and pickup and delivery services paid off big for Walmart Inc. of Bentonville in the first quarter, driving financial results that beat analysts expectations and showed the retailer well-positioned to cater to customers amid the COVID-19 pandemic. read more >
Investments / Retail

Walmart CEO’s Total Compensation Falls to $22.1M

Walmart Inc. President and CEO C. Douglas McMillon saw his total compensation drop 6.4% to $22.1 million for the fiscal year that ended Jan. 31 compared with the previous year. read more >
Business Services / Government & Politics / Manufacturing / Public Companies / Retail / Small Business / Transportation

Arkansas Companies Dealing With Tariff CostsLock Icon

President Trump's tariffs of 25% on $250 billion worth of Chinese goods is making some Arkansas business either absorb their price increases or pass the cost hikes to their customers. read more >
An Uber taxi pick-up point awaits travelers at the  Rajiv Gandhi Airport in Hyderabad, India.
Government & Politics / Legal / Public Companies / Retail / Tourism / Transportation

At What Price? (Gwen Moritz Editor’s Note)

Uber has become a verb like Google and is gaining more competitors in a market that will soon be saturated. Will having more ride-sharing options make any of us more likely to need a ride, or will ride-sharing become a commodity in which price is the primary differentiator? read more >
Brett Biggs
Investments / Public Companies / Retail

Walmart Warns: Higher Tariffs on China Mean Higher Prices for Customers

Walmart warns higher tariffs on Chinese imports mean higher prices. "We're monitoring the tariff discussions and are hopeful that an agreement can be reached," said CFO Brett Biggs. read more >
Investments / Public Companies

Walmart 1Q Beats Earnings Expectations As Same-Store Sales Rise 3.4%

Walmart delivered a mixed bag in the first quarter, beating Wall Street expectations on profit but not revenue. Meanwhile, same-stores sales rose and e-commerce soared. read more >
Doug McMillon, president and CEO of  Wal-Mart Stores Inc., has aggressively pushed the discount retailer into a new era emphasizing online shopping. Many of Wal-Mart’s moves in 2017 took direct aim at its chief competitor, Amazon.
Investments / Public Companies / Retail

Compensation for Walmart’s McMillon Reaches $22.8M

Walmart Inc. President and CEO C. Douglas McMillon saw his total compensation increase about 2 percent for the fiscal year that ended Jan. 31 compared with the previous year. read more >
Marc Lore, a founder of Jet.com, received nearly a quarter billion dollars in compensation from Wal-Mart in 2016.
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Wal-Mart’s Marc Lore Blows Top Off Exec Compensation List

The word “outlier” was invented to describe things like the top entry on this week’s list of the highest-paid executives employed by public companies in Arkansas. read more >