WEST SACRAMENTO, CA – Jack Ehnes, chief executive officer of
CalSTRS, the California State Teachers’ Retirement System, made
the following statement regarding CalSTRS’ intent to vote its 5.3
million shares, worth $313.5 million, at the upcoming shareholder
“CalSTRS believes former and current Wal-Mart executives and
board members breached their fiduciary responsibilities. They did
so by failing to respond to indications of a pattern of unethical
conduct in the company’s foreign operations.