The two pension funds represent California’s public employees and state teachers. The move comes in response to allegations of widespread corruption and bribery at the company’s Mexico operations.
Five New York City pension funds earlier this month said they would not support some of the Walmart directors. Walmart is set to hold its shareholders’ meeting on June 1.
KCRW’s Steve Chiotakis spoke with CalSTRS CEO Jack Ehnes, as well as Marketplace Money’s Senior Producer Paddy Hirsch.