At the Goldman Sachs annual meeting on Friday, former Wal-Mart CEO Lee Scott was elected to the Goldman board of directors. Several Left-wing activists rose to sing his praises. I added this comment at the end of my remarks about our shareholder proposal asking for a report on the science behind Goldman’s embrace of global warming:
Mr. Blankfein, I hope you will reach out to experts on with diverse viewpoints. Sorry to say, your new director, Lee Scott, can be of no help. He claimed that carbon dioxide causes hurricanes, something he must have picked up from Al Gore. He also took a company founded by Sam Walton, one of the greatest entrepreneurs of all time, and transformed it into a cowed giant, almost an appendage of the state, now supporting ObamaCare and cap and trade.
Lee Scott’s transformation of Wal-Mart into an instrument of the political Left is documented in our Special Report titled Wal-Mart Embraces Controversial Causes: Bid to Appease Liberal Interest Groups Will Likely Fail, Hurt Business. The Report was published in 2006 and updated in 2008.
Related:
SEC Rules Wal-Mart Cannot Exclude NLPC Shareholder Proposal on ObamaCare, Cap and Trade
No Surprise Here: Wal-Mart Endorses Obama’s Health Care Mandate
Flaherty: Wal-Mart Embraces Obama Health Care to Appease Unions (CNBC video)
Is Wal-Mart Too Liberal? (Newsweek)