Efforts to shake up Wal-Mart Stores Inc.’s board fell short last week, but support for four board members — including president and chief executive officer Mike Duke and chairman S. Robson Walton — waned significantly in the wake of the retailer’s Mexican bribery scandal.
Investors holding about 91.6 percent of Wal-Mart’s stock were represented at the company’s annual meeting in Fayetteville, Ark., last week. And of the votes cast, 13.1 percent were in favor of removing Duke from the board, while 12.6 percent voted to remove Walton.
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