Fri
Aug 4 2006
08:54 am

The Washington Times seems to be having a slow news day. Ned Lamont, Connecticut Democratic Senate candidate, wants to "wake up Wal-Mart, and wake up corporate America". There is an allusion Lamont is hypocritical because he owns Wal-Mart stock, thus a "part owner of the company".

I personally don't consider someone (a family) with $31,000 invested in Wal-Mart stock a part owner. Although, in reality, everyone owning stock in a company is "part owner". This amount is minute in the big Wal-Mart picture, not much corporate voting power. In addition, with the understanding that Lamont is a millionaire, a $31,000 investment may not even show up on his family's radar. More power to them for getting a 10% return on their investment, according to the article.

Apparently you can still shop at Wal-Mart and disagree with how they run their business, at least according to many people who have justified to me their continued support for Wal-Mart bargains.

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