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Corporate Responsibility

  • Report: Wal-Mart CEO compensation rose 14% to $20.7 million in 2012

    New York -- Wal-Mart Stores CEO Mike Duke received pay package in 2012 worth $20.7 million, up 14% from the previous year, according to an Associated Press analysis of a regulatory filing Monday. Duke's performance-based cash bonus jumped more than 50%.

    In the regulatory filing, Wal-Mart said that starting this year, it will tie some of Duke's compensation, along with that of other top executives, to the company's success in strengthening its compliance controls. Traditionally, compensation has been based on financial measures.

  • OfficeMax honored for disability hiring program

    Naperville, Ill. -- OfficeMax has been awarded the National Employment Team 2013 “Private Sector Business of the Year” by the Council of State Administrators of Vocational Rehabilitation (CSAVR) for its commitment to employing people with disabilities, including veterans.

    OfficeMax is one of two organizations — and the only private sector company — to receive this year's CSAVR distinction.

  • J.C. Penney names VP human resources

    Plano, Texas -- J. C. Penney Company announced the promotion of Brynn Evanson to EVP human resources, leading all HR functions across stores, supply chain and the home office, including team member relations, recruiting, learning and development, compensation and benefits, and talent operations. Evanson will join the company`s executive board, reporting to CEO Myron E. (Mike) Ullman, III.

    Evanson, 44, joined J.C. Penney in 2009 and most recently served as VP compensation, benefits and talent operations.
     

  • Cabela’s puts succession plan in motion

    Sidney, Neb. -- Cabela's Inc. said Monday that its co-founder and chairman Richard N. Cabela has transitioned to the role of chairman emeritus, effective June 5, as part of the company’s succession plan.

    Dick’s brother, James W. Cabela, co-founder and currently vice chairman, will become chairman following the June 5 annual meeting of shareholders.

  • Walmart Asia environmental program saves 20% in energy costs

    Hong Kong -- The Asia arm of Wal-Mart Stores Inc. said Monday it has achieved energy savings of 20% across 210 supplier factories in China.

    According to Walmart Asia president and CEO Scott Price, the factories have “cut their energy consumption by a minimum of 20% as of December 2012, saving approximately 2.168 billion kWh, a number equivalent to powering 1.46 million homes for an entire year."

  • Macy’s tapping into customer creativity for new ad

    NEW YORK — Macy’s is turning to its customers for its next commercial, the retailer’s first national crowd-sourced spot created in celebration of America by Americans. 

  • Ann Inc. reaches emission goal three years ahead of plan

    New York -- Ann Inc. said Monday it has already surpassed its 2015 emission goal by reducing its carbon footprint by 8% per square foot.

    The parent of Ann Taylor and Loft has now upped its objective, setting a new goal of reducing emissions per square foot by 30% by 2015.

    The to-date reductions in carbon emissions were achieved through the implementation of key programs ranging from the installation of in-store energy-efficient lighting to behavioral change campaigns for associates.

  • Walmart exceeds $1 billion in philanthropic giving

    Bentonville, Ark. -- For the first time in the retailer’s history, Wal-Mart Stores Inc. said that, through Walmart and the Walmart Foundation, it has given more than $1 billion in cash and in-kind contributions.

    The Monday announcement makes Walmart the first U.S. retailer to achieve the $1 billion in giving mark, up from $872.7 million last year. The growth in global giving was largely due to increased in-kind donations in the U.S. to local food banks and families impacted by disasters.

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