Group and NBCUniversal Telemundo Enterprises Timothy P. Flynn, retired CEO of KPMG International Sarah Friar, CEO of Nextdoor Carla A. Harris, Vice-chairman of Wealth Management, head of multicultural client strategy, managing director, and senior client advisor at Morgan Stanley Tom Horton, senior advisor at Warburg Pincus, LLC, and retired chairman and CEO of American Airlines Marissa A. Mayer, co-founder of Lumi Labs, Inc., and former president and CEO of Yahoo!, Inc. Doug McMillon, president and CEO of Walmart Randall Stephenson, retired chairman and CEO of AT&T Inc. S. Robson "Rob" Walton, retired chairman of the board of directors of Walmart Inc. Steuart Walton, founder of RZC Investments, LLC. Notable former members of the board include Hillary Clinton (1985–1992) and Tom Coughlin (2003–2004), the latter having served as vice chairman. Clinton left the board before the 1992 U.S. presidential election, and Coughlin left in December 2005 after pleading guilty to wire fraud and tax evasion for stealing hundreds of thousands of dollars from Walmart. After Sam Walton's death in 1992, Don Soderquist, Chief Operating Officer and Senior Vice Chairman, became known as the "Keeper of the Culture". Ownership Walmart Inc. is a Delaware-domiciled joint-stock company registered with the U.S. Securities and Exchange Commission, with its registered office located in Wolters Kluwer's Corporation Trust Center in Wilmington. it has 3,292,377,090 outstanding shares. These are held mainly by the Walton family, a number of institutions and funds. 43.00% (1,415,891,131): Walton Enterprises LLC 5.30% (174,563,205): Walton family Holdings Trust 3.32% (102,036,399): The Vanguard Group, Inc 2.37% (72,714,226): State Street Corporation 1.37% (42,171,892): BlackRock Institutional Trust Company 0.94% (28,831,721): Vanguard Total Stock Market Index Fund 0.77% (23,614,578): BlackRock Fund Advisors 0.71% (21,769,126): Dodge & Cox Inc 0.68% (20,978,727): Vanguard 500 Index Fund 0.65% (20,125,838): Bank of America Corporation 0.57% (17,571,058): Bank of New York Mellon Corporation 0.57% (17,556,128): Northern Trust Corporation 0.55% (16,818,165): Vanguard Institutional Index Fund-Institutional Index Fund 0.55% (16,800,850): State Farm Mutual Automobile Insurance Co 0.52% (15,989,827): SPDR S&P 500 ETF Trust Competition In North America, Walmart's primary competitors include grocery stores and department stores like Aldi, Lidl, Kmart, Kroger, Ingles, Publix, Target, Harris Teeter, Meijer, and Winn Dixie in the United States; Hudson's Bay, Loblaw retail stores, Sobeys, Metro, and Giant Tiger in Canada; and Comercial Mexicana and Soriana in Mexico. Competitors of Walmart's Sam's Club division are Costco and the smaller BJ's Wholesale Club chain. Walmart's move into the grocery business