Wal-Mart Watch

Wal-Mart Tries to Stop Shareholder Discussion of ObamaCare, Cap and Trade

Wal-Mart logoSuddenly at odds with public opinion on Barack Obama’s proposals on health care and global warming, Wal-Mart is seeking to exclude from its proxy our shareholder proposal that asks for a report on the company’s lobbying priorities.  As we noted in the supporting statement, Wal-Mart favors these proposals that will dramatically raise the cost of living for its customers, at the same time it has taken a lower profile on issues like tort reform that would benefit its customers, not to mention the company and its shareholders.

As we documented in our Special Report titled Wal-Mart Embraces Controversial Causes: Bid to Appease Liberal Interest Groups Will Likely Fail, Hurt Business, the company’s management has steered the company to the political Left under the guidance of Edelman public relations firm. With the public now turning against the very ideas that Edelman counseled Wal-Mart to embrace, it is no surprise that the company would seek to limit our ability to communicate with other shareholders.

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