12 October 2005

Philanthropy the Wal-Mart way

Will the Walton Family Foundation become a $20 billion tax-exempt opponent of public education?

Today most people think they know the story of Wal-Mart, the world's largest retailer, owned by the Walton family of Bentonville, Arkansas. Together the Waltons own 39 percent of the corporation that brings discounted merchandise to the public through Wal-Mart and its other stores. The company has more than 5,000 stores (3,400 in the U.S.), is the world's largest private employer, and is the world's largest company based on revenue with more than $280 billion in annual sales.

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