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So how is not buying American going for you?
(lemmy.sdf.org)
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Walmart is a publicly traded company. The largest shareholder is the Walton Family (50%) with the rest of the shares purchased by investors around the world.
Oh really? Shit, I missed that, I'm going to have to edit a couple comments.
It's over 50%, according to Wikipedia, so the basic gist still works. It's a Walton company with some outside investors.
[https://www.sec.gov/ixviewer/ix.html?doc=%2FArchives%2Fedgar%2Fdata%2F104169%2F000010416924000078%2Fwmt-20240424.htm#id138cb1433b44120b7c101e226ea4cae_157](SEC Document) I'm still calculating slightly less than 50% of Walmart between the Waltons and their Trust.
Thank you for doing the math, unfortunately SEC won't even load for me.
I'd expect they'd want to keep more, but I guess they could just rely on a small share of the other voting investors to pass whatever they need, since opposition is never perfectly unanimous.