retail news in context, analysis with attitude

Environmental Leader reports that "Walmart has announced plans to install solar photovoltaic arrays on 27 of its Massachusetts stores as early as August, adding on-site generation to more than half of its outlets in the state."

According to the story, "Walmart has installed, or announced plans to install, a lot of solar power in recent months. In September last year, the company announced plans to complete rooftop solar arrays on more than three quarters of its California stores, with projects planned for up to 60 locations. The projects will bring Walmart’s total number of solar installations in California to 130. Each store’s array will provide 20 to 30 percent of its electric needs."

Walmart also has solar projects in various stages of development in Colorado, Hawaii, Arizona , New Jersey, and Puerto Rico.

Wall Street Cheat Sheet reports that Egan Jones, a proxy advisory firm, is recommending that Walmart shareholders vote against the re-election of CEO Mike Duke and former CEO Lee Scott to the company's board of directors, citing their implication in a bribery scandal at the company's Mexico business and a subsequent coverup.

According to the story, "Egan Jones also wants shareholders to vote against a nonbinding proposal on executive compensation, and vote in a proposal requesting regular reports to shareholders on the company’s political spending."
KC's View:
Duke and Scott will get re-elected to the board ... but this is just the beginning of death by a thousand cuts, IMHO...