Walton Family Sells Massive Number of Walmart Shares

[sinkingfeeling]

Last edited Sat Aug 25, 2018, 09:09 AM - Edit history (1)

https://www.nwahomepage.com/news/walton-family-sells-massive-number-of-walmart-shares/1394334335

BENTONVILLE, Ark. (KNWA) -- The children of Walmart founder Sam Walton sold almost 900,000 shares of Walmart stock over the summer to keep ownership at just below half.

The shares came from the Walton Family Holdings Trust and are worth more than $430 million.

The Waltons still own almost 1.5 billion Walmart shares through various trusts and LLCs.

Each of the Walton heirs have a net worth higher than $40 billion.


(Entire story from local news)

[mucifer]

1. Does anyone else think of John Boy when the see a thread about the walton family?

Sorry, I can't help it.

[sinkingfeeling]

2. Not if you live in NW Arkansas.

[MrsCoffee]

4. Every time.

[Dave in VA]

5. Yes

I do. Think it has to do with my age...

[JHB]

6. In passing, but only momentarily.

It's been a really long time since I've been distracted by a "Good night, John Boy" recollection.

[Raine]

23. I do

it always take a bit before I realize it has to do with Walmart not John Boy's family.

[kimbutgar]

3. Losses ahead for the next quarter?

Let’s test insider trader knowledge in the orange maggots SEC.

[Blue_true]

12. Or capturing excess value from that part of the Trust.

What was done is pretty standard for very rich families. I am really doubtful whether the kids had any part in the decision, at the most, maybe one or two that are Trust executors. The decision would have been made by the large bank company or Trust company that manages the family Trust.

[Crutchez_CuiBono]

7. What is the goal?

I mean, when does it end and what are they saving for? What can't they buy yet for 10 generations? It's gross decadence. There has to be some way to put a reasonable control on this much wealth. I like the 1960s model of high corporate tax. When Corps pay their fair share, America becomes a bigger Utopia. Christian folk...Hoarding money. That's ridiculous and out of control. SMDH.
After 100 million instant higher taxes. Real high. And much higher regular rate just annually Corp America makes profit on an infrastructure thats falling apart. It's not alms, it's...YOUR FAIR SHARE. End consumption taxing of the public. At some point the Waltons have to have a come to Jesus moment and I mean OLD school Jesus.

[ProudLib72]

8. Like this Jesus?

[Crutchez_CuiBono]

9. I'm Catholic and what the fundies have done to religion is such a major disappointment.

I see you have Dominionist Jesus....yes. The first true hippie Jesus i knew growing up is infinitely more hip.
No I was thinking about this one...ahem.

[ProudLib72]

10. It shouldn't take religion to force wealthy people to pay their fair share

You know Teddy Roosevelt was the first to introduce the idea of annual taxes? Think of what the Progressives of the turn of the 20th century would think if they could see super corporations like Walmart. What would they think of citizens united? I think Teddy would go on a hunting expedition in the Senate.

[Crutchez_CuiBono]

14. Oh wow. Good info.

Funny how presidents change in our minds over our lives. The thing is this....They have re-distributed wealth on a massive scale...dollar by dollar that we have been coerced/forced to spend there bc theres no viable alternative for groceries sometimes. They know how to take our wealth, but they cry redistribution of wealth when we ask for a refund on those tax-free dollars.
Oh yes, religion shouldnt be the determiner, but, thats what the alt right hangs its very essence on so you cant separate them. Live by the sword, die by the sword. Amirite?

[ProudLib72]

15. Here's a piece of that speech

1906 In a speech on April 14, 1906, President Theodore Roosevelt endorsed a progressive estate tax:

It is important to this people to grapple with the problems connected with the amassing of enormous fortunes, and the use of those fortunes, both corporate and individual, in business. We should discriminate in the sharpest way between fortunes well-won and fortunes ill-won; between those gained as an incident to performing great services to the community as a whole, and those gained in evil fashion by keeping just within the limits of mere law-honesty.

Of course no amount of charity in spending such fortunes in any way compensates for misconduct in making them. As a matter of personal conviction, and without pretending to discuss the details or formulate the system, I feel that we shall ultimately have to consider the adoption of some such scheme as that of a progressive tax on all fortunes, beyond a certain amount either given in life or devised or bequeathed upon death to any individual — a tax so framed as to put it out of the power of the owner of one of these enormous fortunes to hand on more than a certain amount to any one individual; the tax, of course, to be imposed by the National and not the State Government.

Such taxation should, of course, be aimed merely at the inheritance or transmission in their entirety of those fortunes swollen beyond all healthy limits.
http://www.taxhistory.org/www/website.nsf/Web/THM1901?OpenDocument

He should have added a part about disclosing taxes as a prerequisite for becoming a presidential candidate.

[Crutchez_CuiBono]

20. Nice. Sums it up nicely doesnt it? And he was republican.

Thanks for taking the time to do that. Surgical speech editing....handy.

[Tree-Hugger]

17. +1 for Manson nt

[Crutchez_CuiBono]

19. R'ite On.

Ty.

[Flaleftist]

13. They hold enough to maintain control of the company.

But due to tariffs and competition from Amazon, selling shares now might get a price Walmart won't see for a long time if ever again.

[Blue_true]

16. I doubt whether the family made the decision, more likely the Trust company that manage their wealth

did. Let me ask you a question. If you got a billion dollars in the morning, what would you do? Most people would pay off debts, then buy something that they really need, then set up a Trust for family members and themselves and set up a seperate charitable Trust that will dispense money over many years.

Some people that think they are perfect would say take a few million for themselves and family and give the rest away. But what happens if the money that is given away to charity is misspent, there is no future correction possible. Or what happens if a family member blow their millions?

There are so many reasons why a person would want a Trust to manage the billon dollars, so that family members and worthy charities get taken care of for decades, if not centuries. I know some won't like such a concept, but it is both practical and the best decision for handling the money.

None of us know what the Waltons do with the money. My uneducated guess is that there are several payout streams, several of those streams being charities that are important to them.

[Hassin Bin Sober]

21. I know they've funded Grover Norquist so they wouldn't have to pay estate tax.

[Blue_true]

11. Non news. The procedure was just standard rich people financial planning.

When the value of one financial intem go above a certain percentage of a Trust's value, part of the item is sold off and the money is put to use elsewhere.

[TomSlick]

18. The Walton's are richer than XXX cream but

one big chuck of Walton money went to build a simply extraordinary art museum in Springdale, Arkansas.

[link:https://crystalbridges.org/|

It is simply amazing to walk through an art museum in Arkansas - Arkansas! - seeing works for which you have seen prints in books all your life. If nothing else, it's worth the trip to see the building.

[kacekwl]

24. That's great but if you paid your workers well

it would be a much better legacy for the Walton family and may increase your business while helping your country.

[sinkingfeeling]

25. That one, like the NW Arkansas Airport, is a sole project of Alice

Walton, richest woman in the world. XNA took away Fayetteville's airport and was 75% financed by Alice and her company. Crystal Bridges is a place for her art collection and an attempt to makeup for killing a Fayetteville woman with her car. Alice seemed to like to drink and drive. Glad she moved to Texas.

[xmas74]

28. A few college stadiums too. Nt

[randr]

22. Chinese tariffs likely to change things

for this predator family

[C_U_L8R]

26. Chain store retail is dead

Amazon kicked their butts

[onethatcares]

27. I'm still working on

my first billion. Cutting one yard at a time. If it's hard work that makes you wealthy, I must be stupendously so.

[Algernon Moncrieff]

29. They should roll the proceeds into Amazon stock