FAYETTEVILLE, Ark. (AP) — Wal-Mart Stores Inc. announced a $15 billion share buyback program at its annual meeting on Friday, as the world's largest retailer faces increasing scrutiny from investors over how it has handled allegations of bribery in its Mexican operations that surfaced a year ago.
Wal-Mart Stores Inc. brought the usual star power to its annual shareholder meeting, with "X-Men" and "Les Miserables" star Hugh Jackman hosting and singer John Legend entertaining.
But the festivities took a serious turn as shareholders in the audience stood to make proposals related to safety in Bangladeshi factories, Wal-Mart's Mexican bribery scandal and executive paychecks.
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