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eleny Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-05 05:09 PM
Original message
Does Walmart own Lowe's?
I was listening to Bob Kincaid yesterday and he told a caller that Walmart owns 40% of Lowe's. So I Googled this and found all sorts of postings and articles that say yes or no on the issue. Does anyone know the truth of the matter?
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kaygore Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-05 05:13 PM
Response to Original message
1. OMG, I hope not as I HATE Home Depot for the FL 2000 election fraud
But I also HATE Walmart and consider it the Devil's spawn.

But, then again, the local hardware store is a nice place!
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Ernesto Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-05 05:17 PM
Response to Reply #1
3. I don't think so
I chopped up my Home Depot credit card when I heard that it's CEO was a big chimpster who held secret fund raisers @ his Georgia plantation.
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kaygore Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-05 05:55 PM
Response to Reply #3
7. When I have some time onmy hands
I like to go into Home Depot and buy a whole bunch of stuff (plants are great for this), wait until I have more time on my hands and then then take the stuff back for a refund!

When I lived in San Diego, I used to stop by and have them make keys for my car (which NEVER fit) and then I would take hem back for a refund.

Guess I am a passive-aggressive bitch, but I just hate what they did with the felons list in Florida. I hate the fact that their CEO takes his obscene and undeserved wealth and fills the Republican campaign chest, and I hate the fact that big box stores lie and mislead about their prices all the while putting smaller but more employee and patron friendly stores out of business.
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porkrind Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-05 06:42 PM
Response to Reply #7
14. LOL! That's great!
You are very naughty, but I like it. :)
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the arkansas liberal Donating Member (43 posts) Send PM | Profile | Ignore Sun May-15-05 10:17 AM
Response to Reply #7
21. I have W*M's annual report in my hands...
I am a shareholder (I know, I know, but I live in Arkansas: it's practically a requirement!). Anyway, I have some contacts at the Home Office in Bentonville and I'll ask them to confirm/deny. Doesn't really make sense as Lowe's is a direct competitor, a 'category buster,' as it is called in the business.

So what did Home Depot do in regards to the election? Enlighten me! I have always liked that store. Should I add it to the boycott list?
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kaygore Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-15-05 04:00 PM
Response to Reply #21
23. Boycott Home Depot! Of course
Home Depot tycoon Bernard Marcus is a major fund raiser for the Republicans and was sitting on the board of ChoicePoint when ChoicePoint helped throw the 2000 election in Florida!!! ChoicePoint provided the inaccurate felons list in Florida that was one of the concerns in the 2000 election. The felons list was highly inaccurate and, according to a friend of mine who is a Democratic activist in Florida, targeted potential Democratic voters.

In fact, Lowe's closed for a day in Florida after the election of 2000 in protest of the role that Home Depot played in the Florida election fraud of 2000.

You can get some of the details at
http://www.redrat.net/gorebush/glaringly.htm
http://www.rationalrevolution.net/war/legitimate_voters...
http://www.thedubyareport.com/felons.html

It was quite a big deal at the time (or so I thought. I guess I must hand out with too many Democratic radicals. I need to get a life, maybe!)
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Protagoras Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-05 05:15 PM
Response to Original message
2. I'd really like the answer to this too
esp since I started going to Lowes as my replacement for Home Depot when I read about how much HD had been sending to Repubs and Repub causes.

reading about them both at Buyblue.org didn't clear it up for me.

http://buyblue.org/detail.php?corpId=38

though it does appear that Lowes is a lot more politically neutral in itself compared to HD.
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LeftyMom Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-05 07:46 PM
Response to Reply #2
19. Thanks for the link!
I found out my auto insurer is waaaaay red! So I checked out Progressive, which has a 100% blue rating and it looks like I'll be able to get a equally deal with them (I have to get my current policy out to make sure the coverage is comparable, but it looks like it is.)
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NC Beach Girl Donating Member (154 posts) Send PM | Profile | Ignore Sun May-15-05 04:08 PM
Response to Reply #2
24. thanks
that is a great link, thanks! :)
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Maat Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-05 05:21 PM
Response to Original message
4. My hubby says that if you call the corporate headquarters of ..
a publicly-held company, and ask to speak to Investor Relations, they are obligated to give you this information.

I have not had a chance to try this ... but I will soon.
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kaygore Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-05 05:55 PM
Response to Reply #4
8. Thank you
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Egalitariat Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-05 05:21 PM
Response to Original message
5. The answer is a resounding "no"
Lowe's top shareholder is Capital Research and Management Company, and they only own 12.79%. Wal-Mart is not even listed.

http://finance.yahoo.com/q/mh?s=LOW
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eleny Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-05 05:48 PM
Response to Reply #5
6. Thanks!
We switched to Lowe's after learning about Home Depot's political leanings. And then Lowe's even opened 5 minutes from our home. So when I heard Bob talk about this yesterday, it was such bad news. I figured I'd get an answer here.
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Hamlette Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-05 05:56 PM
Response to Reply #6
9. but Lowe's political leanings are way right too
aren't they?
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Protagoras Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-05 06:08 PM
Response to Reply #9
10. Buy Blue linked above
shows Lowes really a political neutral atm. A couple of their top officers gave small repub contributions but we're talking pennies compared to Home Depot. And I didn't see Lowes having an active political PAC unlike a lot of the other biggies.
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anitar1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-05 07:19 PM
Response to Reply #5
16. But who are the people who own Capitol Research ?
maybe it is owned by a family member of Wally World. How can we know for sure unless they list individual names? Sorry, but I am suspicious of everything these days.
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0007 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-05 06:13 PM
Response to Original message
11. I don't know, but they do have a tie with "Sam's Club" n/t
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Ernesto Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-05 06:17 PM
Response to Reply #11
12. As in "they own it"........ n-t
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0007 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-05 07:24 PM
Response to Reply #12
17. That I didn't know. Thank you. I'll cancel my membership immediately.
n/t
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kaygore Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-15-05 06:44 PM
Response to Reply #11
25. Sam's club ... EVIL ... Walmart ... EVIL ... Home Depot .. .EVIL
convenient, maybe, but then hell is sure a lot easier than heaven!
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B Calm Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-05 06:35 PM
Response to Original message
13. I've heard they have ties to Auto Zone..
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LeftyMom Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-05 07:28 PM
Response to Reply #13
18. awww crap
I hope that's not true! I like AutoZone and we have one right up the street, close enough to walk to when the car pukes, which was a big deal with my last crappy car.

Oh well, I'll go to another place if I have to.
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B Calm Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-05 11:20 PM
Response to Reply #18
20. I drove a truck for Auto Zone for 6 years. Terrible company to
work for. They preached the anti union philosphy, made the employees buy their uniforms, etc etc etc.. The worst thing was having to do the A-U-T-O-Z-O-N-E cheer before meetings. Give me an A, Give me U..
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Protagoras Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-15-05 12:06 PM
Response to Reply #20
22. Gimme a U gimme an N gimme an I
gimme on O gimme an N!

What does it spell? A solution to a hell of a lot of problems if people get organized.
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anitar1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-14-05 07:15 PM
Response to Original message
15. I posted this a couple of months ago asking the same thing,
but did not get replies. My Sister was in Okla a few months ago and her friends and in-laws told her that Wal Mart owns part of Lowes.They all love Wally World.
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