Walmart Withdraws from ALEC, Wallows in Bribery Scandal

Mike Duke photoIn an unsurprising, capitulatory move last week, Walmart joined several other major companies and withdrew its membership from the American Legislative Exchange Council, which advances the principles of free markets and limited government at the state level through legislative idea exchanges.

The move preceded Friday’s annual shareholder meeting, in which executives emphasized their commitment to principles of integrity. That came into question especially since April, when the New York Times revealed that company officials authorized millions of dollars in bribes in order to expedite building permits and other favors in Mexico.

A number of investors and pension funds attempted to remove some Walmart directors from the board, including CEO Mike Duke (in picture), former CEO Lee Scott, and S. Robson “Rob” Walton, son of company founder Sam Walton. Because the family holds nearly 50 percent of stock in the company, proposals they don’t support will always …

Walmart’s Appeasement of Left Continues to Flounder

Mike Duke photoNo matter how much Walmart officials pander to liberals and their institutions, or how much they implement alternative energy gimmicks, or how much they earn fawning media attention for “corporate responsibility” and “sustainability” gestures, a giant segment of the political Left will still resent the retail giant.

Still, the descendants of Sam Walton and company executives try. Last week CEO of Walmart International, Doug McMillon, made the now-familiar pitch at the liberal Brookings Institution in Washington. Not surprisingly, rather than emphasize Walmart’s historical approach to business (before 2005) – which espoused low costs due to bulk purchasing and supply chain hyper-efficiency – and how that has improved the lives of millions of people with limited incomes, McMillon instead highlighted the company’s “social impact.” His drivel was likely welcomed by the elitist Beltway audience.

Sadly, as Walmart expands globally, the Third World that hungers for freedom and economic development desperately …

The Solyndra – Walmart Connection

solar graphicA lot has been said about the ties of George Kaiser, a campaign contribution bundler for President Obama’s 2008 campaign, to the Solyndra bankruptcy scandal that likely has cost taxpayers $535 million thanks to a Department of Energy loan guarantee. Kaiser’s investment firm, Argonaut Venture Capital, held over 35 percent of the failed solar company’s stock – more than anyone else.

But next in line (with 11 percent) behind Argonaut in the Solyndra stakes is Madrone Capital Partners, which is managed by a trio whom the political Left has attempted to tie to support for Republicans. Of course, “they did it too” is not a legitimate defense, but in this case, it’s not a portrayal of the entire picture either.

Madrone is tied to the Walton family – of Walmart fame – and is co-managed by an in-law, Gregory Penner, who also serves as a Walmart director. He is the …

Walmart Heirs Fund Anti-Fishing Activists

Walmart logoRecently NLPC reported that Walmart’s top “sustainability” adviser, who provided significant help in getting the company’s “Green” credibility with environmentalist groups in gear, was Jib Ellison – a former wilderness expeditionist and river guide, and author of a guide on whitewater rafting. The story of his relationship with Walmart, which began with the introduction of Ellison by Rob Walton (son of founder Sam) to former company CEO Lee Scott, is documented in the new book Force of Nature: The Unlikely Story of Walmart’s Green Revolution by Edward Humes.

The passion for environmental concerns (which has also included foolish corporate support for cap-and-trade policies) has carried over to the philanthropic initiatives of Sam’s descendants, with the Walton Family Foundation pouring $71.8 million into oceans and river systems “conservation.” Walton heirs, including Rob, make up the entirety of the foundation’s board. A major group of sport fishermen are not