COVID Stimulus Watch Individual Entry
Recipient Company:
Walmart Inc
Loan or Loan Guarantee Amount:
$2,288,623
Recipient Details
Ownership Structure: publicly traded (ticker symbol WMT)
Award Details
Award Date: Oct 16, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...
Parent Company Data
Parent Company: Walmart
Headquartered in: Arkansas
Parent Sector: retailing
Parent Industry: retail-discount stores
Employees (prior to pandemic): 2,200,000
Accountability Issues Since 2010
Employment-related Penalties: $538,819,818
Government-contracting-related Penalties: $2,682,000
Environmental / Healthcare / Safety Penalties: $124,353,825
Consumer Protection / Financial / Competition-related Penalties: $295,676,500
Ratio of CEO Pay to that of Median Worker: 983 to 1
CEO Compensation: $22,105,350
Worker Median Pay: $22,484
Total Federal, State, and Local Subsidies: $124,989,855
Federal Corporate Income Tax Rate: 15.3%
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