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The Walton family hold a bit more than 50% of Walmart shares. This is by design. As they control the board, they usually make sure that Walmart buys back enough
by boomzilla 11y ago
The Walton family hold a bit more than 50% of Walmart shares. This is by design. As they control the board, they usually make sure that Walmart buys back enough share to keep them in control. Their income are mostly coming from dividend, which amounts to a few billion a year :) It is possible to argue that this basically prevents Walmart from taking risks in more innovative business lines.
Jeff Bezos holds less than 20% of Amazon now, but he basically "owns" Amazon for all practical purposes. I'd also say that at least 20% of Amazon valuation is based on Bezos being the CEO/President/Chairman of the Board.