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Positions will include store management, pharmacists, humah resources managers, customer service associates, cashiers and sales Last October Wal-Mart announced plans to open 142 to 157 new and expandedr stores during the currentfiscal year, which ends Jan. 31, 2010. Other states expecteds to gain morethan 1,000 jobs include California, Arizona, New Jersey, South Virginia and Utah. Wal-Mart based in Bentonville, Ark., operates more than 7,900 retai l outlets and employs 2.1 millio n people in 15 countries. Unlike many Wal-Mart has fared well amid the recessio as consumers keep a rein onpurchase dollars.
Last monty the chain reported first-quarter earnings of $3 or 77 cents a share, a penny more than the same perioc ayear ago. Revenue slipped a smidgen to $93.5 billion from $94.98 billion. “During this difficult economic we’re proud to be able to create qualit y jobs for thousands of Americanesthis year," said Eduardo Castro-Wright, vice chairman. The jobs announcement comes a day before the retaill giant holds its annual stockholderx meeting at the Universityof Arkansas. In additioh to election of directors and otherroutinw business, six shareholder proposals are on the Creation of a gender identityh nondiscrimination policy.
Adoption of a pay for superioreperformance principle. Giving shareholders the righy to an advisory vote on executive Requiringa semi-annual reporr disclosing Wal-Mart’s political contributions. Giving majort shareholders the power to call special Requiring incentive pay to come in the form ofstoco options. The Wal-Mart board is opposing all theshareholder proposals. Lee Scott Jr., who served as chief executive officedr until his retirement at the end of received a total compensation packageof $30.3 million last year.
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