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☆ Walmart CEO Doug McMillon shares 3 tips for success in work and life
▼ + stars: | 2024-05-13 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +7 min

Read previewWalmart CEO Doug McMillon returned this weekend to his alma mater, the University of Arkansas, where he delivered the commencement address to the class of 2024. McMillon also revealed how some plans didn't work out — like being rejected from the top MBA programs — and how a mistake could have ended his career before it began. I'm wired to think more about what's coming next than the moment right in front of me. AdvertisementMy second piece of advice is to pursue a career that does not feel like work. If you're in the right place, most days, work won't even feel like work.

Persons: —, Doug McMillon, McMillon, Doug McMillon's, I've, Jim Webster, Jim, Wharton, Shelly, they're, Sam Walton's, Helen, it's, you've, Benny Bridwell, Benny, Bryan Adams Organizations: Service, University of Arkansas, Business, Harvard, Stanford, Walmart Locations: Arkansas, USA, South Africa, Rogers

☆ Meet Rob Walton, the Walmart heir worth $79.8 billion who's retiring from the company's board after more than 40 years
▼ + stars: | 2024-04-26 | by ( Avery Hartmans | Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Rob Walton, the eldest of Walmart founder Sam Walton's children, is retiring after more than 40 years on the company's board. With a net worth of $79.8 billion, he's among the 20 richest people in the world. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementWalmart billionaire Rob Walton is stepping down from the board of his family's company. Walmart announced on Thursday that Walton, the eldest son of founder Sam Walton, will retire after more than 40 years on the board as its longest-serving member.

Persons: Rob Walton, Sam Walton's, —, Walton, Sam Walton Organizations: Walmart, Service, NFL, Denver Broncos

☆ Walmart heir Rob Walton is stepping down from the retailer's board after four decades
▼ + stars: | 2024-04-26 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Rob Walton, eldest son of Walmart founder Sam Walton, is stepping down from the company's board. He first joined Walmart in 1969 and has served on the board for more than 40 years. The company said Walton "helped shape some of the most important moments in Walmart history." AdvertisementRob Walton, eldest son of Walmart founder Sam Walton's three children, is stepping down from the company's board of directors in June. Even in retirement, Walton will have significant influence over Walmart through his co-ownership of Walton Enterprises, which is the largest holder of Walmart stock.

Persons: Rob Walton, Sam Walton, Walton, —, Sam Walton's, Sam, Greg Penner Organizations: Walmart, Service, Walton Enterprises, Bloomberg

☆ James Keyes' daily routine: The schedule of the former 7-Eleven CEO who flew his own plane for business trips
▼ + stars: | 2024-03-04 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

James Keyes, who spent over two decades at 7-Eleven, served as CEO from 2000 to 2005. As CEO, Keyes told Business Insider he had long workdays and slept around five hours a night. "Basically, a big portion of the CEO's job is communications," Keyes said. So, if it wasn't a sampling day, he'd usually have a salad brought in, and eat it between meetings. He'd usually start winding down by 11 p.m., spending the last hour of his day reading materials in preparation for the morning.

Persons: —, isn't, James Keyes, Keyes, he's, Sam Walton's playbook, you've, he'd Organizations: Service, Business, Walmart, Foods Locations: Dallas

☆ 3 Waltons are worth a combined $224 billion — more than Elon Musk — thanks to Walmart's stock surge
▼ + stars: | 2024-02-25 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Three heirs to the Walmart fortune have more than doubled their personal wealth since 2016. Rob, Jim, and Alice Walton have added more than $100 billion to their net worth in recent years. AdvertisementThree Walmart heirs have more than doubled their money since 2016, adding more than $100 billion to their combined fortunes. Legendary founder Sam Walton's three surviving children — Rob, Jim, and Alice — all hold top-20 spots on the Forbes rich list with personal fortunes of between $70 billion and $77 billion. This story is available exclusively to Business Insider subscribers.

Persons: Rob, Jim, Alice Walton, —, Sam Walton's, Alice — Organizations: Walmart, Service, Forbes, Business

☆ The rich want to give their kids real estate and businesses to save on taxes but still control the family fortune. One neat trick: family-limited partnerships.
▼ + stars: | 2024-02-14 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +8 min

And yet, Walton's wife and children didn't have to pay a dime in estate tax. With an FLP, an individual — often a parent or two parents — pools their business assets, which are commonly real estate or stock. There are pragmatic reasons for keeping family business assets consolidated, according to Dan Griffith of Huntington Private Bank. Another sweetener: you can claim a discount on the assets within the FLP and use even less of your estate tax exemption. This would eliminate all gift and estate tax on the business even if the couple dies after the Trump tax cuts sunset.

Persons: —, Sam Walton, didn't, Donald Trump, Dan Griffith, –, Griffith, Robert Strauss, Weinstock Manion, Strauss, Edward Renn, Renn, Trump, that's, Katie Carlson Organizations: Service, Walmart, Business, Huntington Private Bank, IRS, Partners, Bank of, Trump

☆ 45 American families are worth more than $10 billion — and the wealthiest one is even richer than Elon Musk
▼ + stars: | 2024-02-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Forbes found that there are 45 American families with fortunes exceeding $10 billion. The Walmart founder Sam Walton's heirs are richer than Elon Musk, with a $267 billion fortune. AdvertisementThere are 45 American families worth at least $10 billion, and the richest one is wealthier than Elon Musk, Forbes says. Forbes estimates the 45 superrich families are collectively worth about $1.3 trillion, or roughly 10 times Warren Buffett's personal fortune. The descendants of John D. Rockefeller — the nation's richest man in his prime — barely made Forbes' list, with a $10.3 billion fortune.

Persons: Forbes, Sam Walton's, Elon Musk, Koch, Lauder, Pritzker, Rockefeller, —, Warren, Hearst, John D, MacMillan, Campbell, Brown, Forman, Jack Daniel's, Busch, Haslam, Warren Buffett's Berkshire Hathaway, it's Organizations: Walmart, Elon, Service, Forbes, SpaceX, Marriott, Carnegie, Vanderbilt, Getty, Cargill, Hyatt Hotels, Anheuser, Busch, InBev, Centers, Warren Locations: Marriott, Hearst

Once the Jayhawks got to the NCAA Tournament, Danny Manning carried them to their second national title. A two-time All-American, Manning led sixth-seeded Kansas on a romp through the NCAA Tournament on a team dubbed Danny and the Miracles. QUADRUPLE DOUBLEThe NCAA record book has an entry for most quadruple doubles. As a senior at UT-Martin, Hudson had 25 points, 12 rebounds, 10 assists and 10 steals against Central Baptist on Nov. 13, 2007, for the only quadruple double in Division I history. At Davidson, Curry led the Wildcats on a memorable run all the way to the NCAA Tournament.

Persons: John Wooden, ”, Bill Walton, Wooden, “, Louis, Walton, ” Walton, Lew Alcindor, Kareem Abdul, Jabbar, MARAVICH'S, Pete Maravich, Pete, Maravich, Bob Knight, Scott May, Kent Benson, Benson, DANNY, Danny Manning, Manning, Danny, Lester Hudson, Hudson, STEPH'S, Stephen Curry, Curry, HANK Loyola Marymount, Bo Kimble, Kimble, Wilt Chamberlain, Frank Selvy, Furman, Selvy, RUSS Bill Russell Organizations: UCLA, Bruins, Associated Press, Memphis State, LSU, Indiana, Hoosiers, Michigan, Notre Dame, Kentucky, Ohio State, Kansas, Jayhawks, NCAA, Oklahoma, UT, Martin, Central Baptist, Wildcats, Southern, Gonzaga, Georgetown, Wisconsin, West, New, New Mexico State, Lions, Newberry, NBA, Baltimore, San, Iowa, AP Locations: St, Kentucky, Kent, Kansas, Davidson, New Mexico, San Francisco

☆ Walmart opens a pet center with veterinary care and grooming as it signals bigger ambitions
▼ + stars: | 2023-09-20 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +2 min

Walmart is piloting a pet services center in a suburb of Atlanta, but plans to open more locations in other parts of the country. Walmart is opening a dedicated pet services center, signaling it wants to be a place that customers turn to for veterinarian visits and dog grooming appointments along with grocery runs. Walmart's pet services center will have its own dedicated entrance next to a store. PetIQ has rented space for vet clinics inside more than 65 Walmart stores, after opening its first one in 2016. "We know pet services is an important need for our customers and we want to be able to provide that all in one place," she said.

Persons: Ol, Roy, Sam Walton's, PetIQ, Kaitlyn Shadiow, Morgan Stanley Organizations: Walmart, Walmart U.S, Wellness Locations: Atlanta, Dallas , Georgia, Georgia

☆ Activists spray red paint over billionaire Walmart heiress’s superyacht for a second time
▼ + stars: | 2023-09-08 | by ( Laura Paddison | ) edition.cnn.com time to read: +3 min

CNN —Spanish climate activists sprayed red paint across a superyacht owned by billionaire Walmart heiress Nancy Walton Laurie in Barcelona on Friday, the second time the yacht has been the target of protests in the past two months. Two activists from the climate groups Scientist Rebellion and Extinction Rebellion accessed Marina Port Vell, a dock for superyachts, at 7 a.m. local time on Friday, according to a spokesperson for the organization. The Walmart heiress Nancy Walton's megayacht was spray painted this morning by climate activists in Marina Port Vell, Barcelona . Scientist RebellionA spokesperson for Marina Port Vell said that the boat had not been damaged in Friday’s action. The activists were detained by police at the marina for three hours before being released, according to a spokesperson for Scientist Rebellion.

Persons: Nancy Walton Laurie, Nancy Walton's megayacht, Port Vell, Samantha Burgess Organizations: CNN, Scientist Rebellion, Port Police Locations: Spanish, Barcelona, Marina Port Vell, superyachts, Ibiza

☆ Two young tech workers share why they relocated to Arkansas from Texas and California
▼ + stars: | 2023-08-14 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +8 min

They stayed in Bentonville, Arkansas, for three days and stopped in Fayetteville — about 330 miles from Dallas — for coffee on the way back. Northwest Arkansas, which consists of Benton, Madison, and Washington counties, has become the country's 100th-largest metro area. Northwest Arkansas' plan to bring in new talentCompanies like Walmart, Tyson Foods, and JB Hunt are headquartered in Northwest Arkansas and have been attracting movers for years. The Northwest Arkansas Council tried luring remote tech talent with $10,000 and a mountain bike. Do you work in tech and recently move to Northwest Arkansas?

Persons: relocaters, Nicholas Falldine, Falldine, JB Hunt, John Mayer, Nelson Peacock, Peacock, Chris Thompson, Thompson, he's, Walton's, Keith Myers, jumpstart, —, Fayetteville's, Jordan Pandy Organizations: Service, University of Arkansas, NWA, —, Companies, Walmart, Tyson Foods, Better, Gardens, Northwest Arkansas Council, The Northwest, Kansas City Star, Austin, Census Bureau Locations: Northwest Arkansas, Wall, Silicon, Dallas, Bentonville , Arkansas, Fayetteville —, Benton , Madison, Washington, Austin, Arkansas, Fayetteville, Silicon Valley, Falldine . Northwest Arkansas, Bentonville, The, The Northwest Arkansas, Los Angeles, Philadelphia, homeownership, Tulsa , Oklahoma, Marina Del, Fayetteville Falldine

☆ TikTok is being sued after two young girls died while copying the 'blackout challenge', report says
▼ + stars: | 2022-07-03 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

TikTok is being sued for wrongful death after two girls died trying to recreate a choking challenge. The lawsuit alleges the girls aged 8 and 9 were fed videos of the challenge by the app's algorithm. The suit alleges that the app's algorithm recommended videos of the strangulation challenge to the young girls. The police took Walton's phone and tablet, and later told her stepmother that she had been watching blackout challenge videos "on repeat," the suit says, according to the newspaper. "TikTok unquestionably knew that the deadly Blackout Challenge was spreading through their app and that their algorithm was specifically feeding the Blackout Challenge to children," the Social Media Victims Law Center's complaint claims, per the Los Angeles Times.

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