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Pension funds put the screws to Wal-Mart; Will the retailer even notice?

Friday is crunch day in the case of two massive pension funds vs. Wal-Mart's board of directors. Will their activist approach make an impact?

By Andy Stonehouse | Updated on May 30, 2012

Friday brings the much-anticipated resolution of one of the more interesting and genuinely headline-generating issues to hit the not-especially thrill-a-minute world of pensions: the Wal-Mart voting blockade.

As you may remember, two particularly weighty pension systems, the consolidated New York City employees, teachers, police and fire pension groups and the California State Teachers’ Retirement system, just happen to hold considerable Wal-Mart stock as part of their holdings – 4.7 million and 5.3 million shares, respectively, though each of those numbers is still less than 1 percent of the company’s total shares.

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