I have been told recently that the Walton family sold out is this true?
2006-10-13 03:38:41 · 8 answers · asked by gayle V 1 in Business & Finance ➔ Corporations
Wal-Mart is a publically traded company. No one owns it unless they acquire 100% of the outstanding shares. So, Sam Walton's kids never owned Wal-Mart.
No they haven't "sold out". They still have a significant portion of their wealth (around 15 billion each x 4 kids) in Wal-Mart stock.
2006-10-13 03:48:17 · answer #1 · answered by Nate 2 · 0⤊ 0⤋
It's still family owned but no longer run by the family members... hasn't been for a long time. They own the majority of the stock but have opted to let someone else handle the business end of it. I use to work for Sam's Club and we were told that there was actually some type of clause that does not allow the family to sell more than a certain amount of the stock so that the majority will always remain in the hands of the family.
2006-10-13 03:47:16 · answer #2 · answered by cgspitfire 6 · 0⤊ 0⤋
It is still owned by the Walton's family but its a corporation that is run by someone not blood, but considered part of the family by Sam. Sam chose him to take over for him. It's not a family business, but Sam was a very family oriented person. So he left ownership to them, but as a business minded person, found someone he respected to take over.
2006-10-13 03:50:36 · answer #3 · answered by Cammi 3 · 0⤊ 0⤋
i've got not shopped there, and not will. There are not any Wal-Marts in St. Louis city. they are in basic terms interior the county, and that i'm not likely to rigidity twenty minutes out of the thank you to get some crap at the cheap whilst there's a kin dollar and different places of that ilk interior strolling distance of my abode.
2016-11-28 03:33:06 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Wal-Mart is a public company.
This means there are millions of owners (Shareholders)
You can buy Shares of Wal-Mart too.
Wal-Mart became a public company in 1970 when it raised $4,500,000.00 USD.
2006-10-13 07:32:56 · answer #5 · answered by Anonymous · 0⤊ 1⤋
who knows.. its the biggest money maker in the world.
2006-10-21 03:24:10 · answer #6 · answered by Little Bit the Ferret 3 · 0⤊ 0⤋
that can and will never happen to them.
2006-10-13 03:41:01 · answer #7 · answered by cadaholic 7 · 0⤊ 0⤋
Why do you care? I don't
2006-10-13 03:46:03 · answer #8 · answered by ChicaLoca 3 · 0⤊ 1⤋