Walmart shareholders vote against seven proposals Wednesday morning [Video]

Walmart shareholders voted against seven shareholder proposals at the company’s meeting on Wednesday, June 4, 2024.Siblings Alice, Jim, and Rob Walton control 46% of the company’s 8 billion shares.The formal shareholders meeting took place at 10:30 a.m. on Wednesday, June 5, over a conference call.Shareholders first voted on the company board. Rob Walton, a son of Sam Walton, is retiring from the board. The proxy statement recommended Chipotle CEO Brian Niccol to replace him.They voted on a few other issues before taking up the shareholders’ proposals. The board opposed all seven proposals. The reasons for and against each of them are laid out in Walmart’s 2024 proxy statement.Gestation Crates for PigsRESOLVED: Shareholders ask Walmart to publish measurable, timebound targets for transitioning away from gestation crates in its pork supply chain and regularly report its progress meeting them.The statement for the proposal states it is inhumane to keep pregnant sows in …