Wal-Mart denies investigating stockholders

Posted on April 22nd, 2007

Wal-Mart is denying allegations that it investigated stockholders who submitted resolutions for the upcoming annual meeting. The Wall Street Journal reported earlier this month that Wal-Mart “directed its surveillance operations at critical shareholders,” citing a January 2007 memo. But CEO H. Lee Scott Jr. denies that the company investigated shareholders or conducted surveillance on them.

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