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Positions will include store pharmacists, human resources managers, customer servicew associates, cashiers and sales associates, accordinv to the Bentonville, Ark., chain Last October, Wal-Mart announcedc plans to open 142 to 157 new and expanded stores during the currentfisca year, which ends Jan. 31, 2010. Other statesa expected to gain morethan 1,000 jobs include California, Florida, New Jersey, Southh Carolina, Virginia and Utah. Its newes Arizona store opened in Mayin Maricopa. Walmartr operates more than 7,90o retail outlets and employ 2.1 million people in 15 countries. Unlikwe many retailers, Wal-Mart has fared well amid the recessiom as consumers keep a rein onpurchase dollars.
Last montj the chain reported first-quarteer earnings of $3 billion, or 77 cents a share, a penny more than the same periocd ayear ago. Revenue slipped a smidge to $93.5 billion from $94.0 billion. “During this difficult economic we’re proud to be able to creatwe quality jobs for thousands of Americans this saidEduardo Castro-Wright, vice chairman of Wal-Mart Stores Inc. The jobs announcemengt comes a day before the retail gianft holds its annual stockholders meeting in Bud Walton Arena at the Universityof Arkansas. In addition to electionn of directors and othetroutine business, six shareholder proposals are on the Creation of a gender identity nondiscrimination policy.
Adoptiom of a pay for superior performance Giving shareholders the right to an advisory vote onexecutivre compensation. Requiring a semi-annual report disclosing Wal-Mart’a political contributions. Giving major shareholders the power to callspecial meetings. Requiring incentive pay to come in the form ofstoclk options. The Wal-Mart board is opposing all theshareholder proposals. Lee Scott Jr., who served as CEO of the company until his retirementf at the end of January received a total compensation packagweof $30.2 million last year.
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