News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Shareholders add to Wal-Mart pressure

Two big US state pension funds in New York and Illinois have filed a shareholder resolution at US retailer Wal-Mart, criticising the company for poor labour conditions and failing to meet international standards.

The $11.8bn (€9bn) Illinois State Board of Investment and the $37bn New York City Employees' Retirement System have joined forces to call on the supermarket chain to submit to an independent audit of its workplace conditions.

WSJ Logo