Wal-Mart’s proxy vote shows dissent against execs

Published June 10, 2013 10:09pm ET



NEW YORK (AP) — Wal-Mart’s final shareholder vote for its board of directors showed another year of dissent against key executives and directors, including its CEO Mike Duke, as the company deals with the fallout from overseas bribery allegations.

All of the 14 company’s nominees were re-elected at the annual shareholders’ meeting Friday, but with significant numbers of dissenting votes. Such dissatisfaction against leaders shows how the company continues to be distracted by concerns about its handling of bribery allegations that surfaced last year at its Mexican unit.

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