Uh, yes, they are. They all sit on the board, and collectively own a majority of the company's stock IIRC. You're also not remembering that the company litera

Uh, yes, they are. They all sit on the board, and collectively own a majority of the company's stock IIRC. You're also not remembering that the company literally bears their family name. Multiple Walton family members are on the board, and the 1st, 2nd and 5th largest shareholders of the company's stock are Waltons. Those 3 shareholders collectively own roughly 42% of all outstanding shares. They also donate not out of the good of their hearts, but to protect and grow their economic interests, which is primarily the value of Walmart's stock.