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Blake Nordstrom joins Whole Foods Market board
Austin, Texas -- Whole Foods Market announced the addition of Blake W. Nordstrom to the company's board of directors, increasing the size of the board to 12 members. He will serve on the audit committee.
Nordstrom, 50, has been president of Nordstrom since 2000 and has served as a member of the company's board of directors since 2005.
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Wal-Mart control to tip to Waltons
New York City -- A $15 billion share buyback program, unveiled earlier in June, will allow Wal-Mart Stores’ founder Sam Walton’s descendants to see their stake in the chain edge up above 50%.
After Walton died in 1992, family members retained a stake of around 38% from the mid-1990s to the mid-2000s. Starting in 2003, a series of big share buybacks began to push the family stake higher, to 43% in 2008 and now to 49%, according to the latest filings.