S. Robson Walton Essay

Submitted By EOT543
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Pages: 2

S. Robson Walton

S Robson is the chairman of the world’s largest retail chain Wal-Mart, and he is the 4th richest ma in the United States. In October of 2010 he was named the 10th richest man in the world.

S Robson Walton was born in 1945, and was the first son of Sam Walton, who is the founder of Wal-Mart. As a young man Walton attended the College of Wooster in Ohio. He then went on to the University of Arkansas.

In college he studied business administration and subsequently graduated with a bachelor of science in the subject in 1966, and later in 1969 he received a jurisprudence doctorate from New York’s Colombia University School of Law.

After Rob Walton graduated, he joined the law firm responsible for representing his father’s company, and later joined the Wal-Mart Company. Shortly after his father’s death, he became the chairman of Wal-Mart, and still holds this position today.

Since joining the firm, Rob Walton has served in many positions including Secretary, General Counsel, Senior Vice President, and Vice Chairman. It is believed that Walton had expected to succeed his father a while before, and his father had considered stepping down to allow this.

During Walton’s father’s lifetime, Rob Walton regularly attended annual board meetings and store openings with his father, and was heavily involved in the Wal-Mart expansion during his time as the Vice Chairman.

In 1990 a trust was set up which divided the ownership of Wal-Mart’s investments between Walton and his three siblings to ensure that each of them had equal voting rights. The trust prevents any family stocks being sold without the prior consent and agreement of other stockholders.

He is today among the richest men in the world, and he was valued this year at $19.8 billion. Walton is married and has five children,