my friend says that its owend by sams, i though it was still owned by one its creators like the guy who inveted Ol Roy the dog food, whos right?
2007-07-05 09:03:40 · 19 answers · asked by Anonymous in Business & Finance ➔ Corporations
It is a corporation with stock holders, anyone can buy stock in the firm, but most of it owned by Sam Walton's kids.
2007-07-05 09:06:27 · answer #1 · answered by Steve C 7 · 3⤊ 0⤋
Wal-Mart is governed by a thirteen-member Board of Directors, which is elected annually by shareholders. S. Robson Walton, the eldest son of founder Sam Walton, serves as Chairman of the Board, and H. Lee Scott, the Chief Executive Officer, serves on the board as well. Other members of the board include Aída Álvarez, James Breyer, M. Michele Burns, James I. Cash, Jr., Douglas N. Daft, David D. Glass, Roland A. Hernandez, Jack C. Shewmaker, Jim C. Walton, Christopher J. Williams, and Linda S. Wolf.
Notable former members of the board include Hillary Clinton (1985-1992)[36] and Tom Coughlin (2003-2004), who also served as Vice Chairman
2007-07-05 09:10:04 · answer #2 · answered by scraven68 4 · 0⤊ 0⤋
The Walton Family owns WalMart, and high up CEO's have stock ownership as well. Sams Club is a company made from WalMart. And Walmart is the same company that distributes their brand Ol Roy. So technically you are both right.
2007-07-05 09:07:40 · answer #3 · answered by serendipity_siren 5 · 0⤊ 0⤋
Sam Walton has been dead for 15 years. He founded the company in Arkansas. It is now a public corporation with stocks being traded on the stock market.
The wal-mart corporation operates Wal-Mart retail stores and the same corporation operates Sam's Club Warehouse membership stores. One doesn't "own" the other.
Most of the shares are owned by members of the Walton family, but as with any corporation, legally it is owned by the shareholders as a whole.
2007-07-08 08:13:43 · answer #4 · answered by fotoguy 4 · 0⤊ 0⤋
Sams is owned by Walmart.
Walmart is publically traded company and owned by the public, although the majority of the shares are owned by the John Walton Trust (40%)
2007-07-05 09:08:28 · answer #5 · answered by johnmarc007 2 · 0⤊ 0⤋
It is owned by shareholders. However, the top individual shareholder is the estate of John T. Walton. The estate owns 11,946,268 shares or about 0.3% of the 4.11B outstanding shares.
However, Barclays Global Investors UK Holdings Ltd has 115,500,265 shares or about 2.8%. However, this ownership is actually of Barclays' customers.
So, neither of you is exactly right. It's owned by a bunch of shareholders. It's just that the Walton family happens to own a few million shares.
2007-07-05 09:19:04 · answer #6 · answered by Jay 7 · 0⤊ 0⤋
Sams Club is a subsidiary of Wal-Mart Stores (WMT). Tthis means that Wal-Mart owns Sams, not the other way around. And, if you have any type of 401(k) at work or other retirement accounts, you probably own a small portion of Wal-Mart which one of the largest companies in the world.
2007-07-05 09:09:50 · answer #7 · answered by my_two_cents... 1 · 0⤊ 0⤋
I believe it is owned by the Walton family.
Not the Walton's from the TV show. You're probably too young to remember that anyways.
Suggested reading: http://en.wikipedia.org/wiki/Wal_mart
Sam Walton: Made In America
2007-07-05 09:10:31 · answer #8 · answered by Kevin L 5 · 0⤊ 0⤋
The Walton family.
2007-07-05 09:06:47 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Sam Walton created it but it is not owned by sams Mr. walton owns both of them
2007-07-05 09:06:17 · answer #10 · answered by Anonymous · 0⤊ 0⤋