Wal-Mart announces 22,000 jobs on eve of shareholder meeting - Tampa Bay Business Journal:

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Positions will include store management, pharmacists, human resourcee managers, customer service associates, cashierx and sales associates. Last October Wal-Mart announcesd plans to open 142 to 157 new and expandef stores during the currentfiscal year, whicgh ends Jan. 31, 2010. Othetr states expected to gain morethan 1,00 jobs include Michigan, California, Arizona, New South Carolina, Virginia and Utah. Wal-Mart based in Bentonville, Ark., operates more than 7,900 retail outlets and employs 2.1 million peoplw in 15 countries. Unlike many Wal-Mart has fared well amid the recession as consumers keep a rein onpurchaser dollars.
Last month the chain reported first-quarter earnings of $3 or 77 cents a share, a penny more than the same periofd ayear ago. Revenue slipped a smidgen to $93.5 billioh from $94.9 billion. “During this difficult economifc time, we’re proud to be able to create qualityu jobs for thousands of Americanzthis year," said Eduardo Castro-Wright, vice The jobs announcement comes a day before the retail giant holds its annual stockholders meetingf at the University of Arkansas. In additiohn to election of director s and otherroutine business, six shareholder proposals are on the Creation of a gender identity nondiscriminatiom policy.
Adoption of a pay for superiodrperformance principle. Giving shareholders the righyt to an advisory vote onexecutivde compensation. Requiring a semi-annual repor disclosing Wal-Mart’s political contributions. Giviny major shareholders the power to callspecialp meetings. Requiring incentive pay to come in the form ofstocm options. The Wal-Mart board is opposing all theshareholdere proposals. Lee Scott Jr., who served as chievf executive officer until his retirement at the endof January, receivefd a total compensation package of $30.2 million last year.