Major pension fund to vote against Wal-Mart board

(Reuters) - CalSTRS, the second largest U.S. public pension fund, plans to vote all of its Wal-Mart Stores Inc shares against the entire board in the wake of allegations that Wal-Mart officials failed to fully investigate bribery claims in Mexico. CalSTRS, the California State Teachers' Retirement System, said on Tuesday it plans to vote its 5.3 million Wal-Mart shares against the re-election of all board members and encouraged other shareholders to do the same. ...

Major pension fund to vote against Wal-Mart board

(Reuters) - The second largest public pension fund said on Tuesday it plans to vote all of its Wal-Mart Stores Inc shares against the entire board in the wake of bribery allegations in Mexico that Wal-Mart officials failed to fully investigate. CalSTRS plans to vote its 5.3 million Wal-Mart shares against the re-election of all board members and encouraged other shareholders to do the same. ...

Major pension fund to vote against Wal-Mart board

(Reuters) - The second largest U.S. public pension fund said on Tuesday it plans to vote all of its Wal-Mart Stores Inc shares against the board in the wake of bribery allegations in Mexico that Wal-Mart officials failed to fully investigate. California State Teachers' Retirement System, or CalSTRS, has already sued current and former Wal-Mart executives, saying allegations the company paid millions of dollars of bribes in Mexico and a cover-up by Wal-Mart officials raised the question of whether top executives should remain in place. ...

U.S. lawmakers frustrated in Wal-Mart corruption probe

WASHINGTON (Reuters) - U.S. lawmakers investigating Wal-Mart Stores Inc for alleged bribery in Mexico are frustrated by the lack of cooperation they have received from the company, a committee staffer familiar with the investigation said. Attorneys for Wal-Mart briefed the committee earlier on Monday about the company's anti-corruption compliance program, the person said. But Wal-Mart has not committed to briefing the panel on the substantive allegations raised by a New York Times report, a key request of the committee, said the staffer, who spoke on the condition of anonymity. ...

U.S. lawmakers frustrated in Wal-Mart corruption probe

WASHINGTON (Reuters) - U.S. lawmakers investigating Wal-Mart Stores Inc for alleged bribery in Mexico are frustrated by the lack of cooperation they have received from the company, a committee staffer familiar with the investigation said. Attorneys for Wal-Mart briefed the committee earlier on Monday about the company's anti-corruption compliance program, the person said. But Wal-Mart has not committed to briefing the panel on the substantive allegations raised by a New York Times report, a key request of the committee, said the staffer, who spoke on the condition of anonymity. ...