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Second largest U.S. public pension fund files suit against Wal-Mart
New York -- The California State Teachers' Retirement System (CalSTSR), the second largest U.S. public pension fund, has filed a lawsuit against current and former Wal-Mart Stores’ executives and board members over mishandling of allegations that officials knew about a bribery campaign in Mexico and covered it up. The fund holds more than 5.3 million shares of Wal-Mart.
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Study: Walmart among the best companies for leadership
The seventh annual Best Companies for Leadership Study conducted by the global consulting firm the Hay Group ranked Walmart eighth.
Walmart’s eighth place ranking on the top 20 list is one notch better than the prior year, but slightly below the company’s 6th place ranking in 2009 when it made the list for the first time.