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Walmart names another founding family member as chairman

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Walmart Stores Inc named another member of the founding Walton clan as its next chairman, renewing concerns that the world's largest retailer is still run like a family business.

New York

WALMART Stores Inc named another member of the founding Walton clan as its next chairman, renewing concerns that the world's largest retailer is still run like a family business.

Greg Penner, the grandson-in-law of Walmart creator Sam Walton, will become only the third