date:Jun 09, 2014
whether the company was lobbying against a federal proposal to raise minimum wages.
These demands were voted down on Friday.
There's no chance a (shareholder) proposal will be approved given the controlling stake of the Walton family, CtW Investment Group analyst Michael Pryce-Jones told Reuters.
Pryce-Jones, however, said Wal-Mart would find it difficult to ignore shareholder concerns as its performance suffers.
CtW Investment works with pension funds who own 4 million shares of Wal-Mart.