Wal-Mart Faces Scrutiny as Investors Gather
Wal-Mart Stores executives are expected to make the case it is improving the way it does business overseas and outline new growth opportunities at the world's largest retailer's annual shareholder meeting Friday.
Wal-Mart faces increasing scrutiny from investors over how it has handled allegations of bribery in its Mexican operations that surfaced a year ago. It also faces pressure to increase its oversight of factory conditions abroad following a building collapse in April in Bangladesh that killed more than 1,100 garment workers.
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Such distractions are happening as Wal-Mart Stores Inc. is wrestling with slower sales growth.
Wal-Mart's annual meeting attracts thousands of investors and has historically had the air of a giant pep rally, featuring A-list speakers and performers like basketball legend Michael Jordan and pop singer Justin Timberlake.