http://www.bloomberg.com/news/2014-04-23/wal-mart-cuts-board-to-14-members-as-former-ceo-scott-steps-down.html
Wal-Mart Stores Inc. (WMT), the world’s
largest retail chain, announced the retirement of two directors,
including former Chief Executive Officer Lee Scott, shrinking
its board to 14 members.
Scott, who ran Wal-Mart from 2000 to 2009, and Chris Williams, the head of Williams Capital Group LP, will step down
on June 6, according to a statement yesterday. Williams had
served as a director for 10 years and is rotating off the board
as part of the company’s corporate-governance guidelines, Wal-Mart said.
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