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Walmart shareholders elect McDonald's CEO to the board

Walmart Inc. shareholders elected McDonald's Corp. CEO Stephen Easterbrook to the company's board at the annual shareholder meeting held May 30.

The shareholders also elected Sarah Friar to the board and ratified the appointment of Ernst & Young LLP as the retailer's independent accountant.

According to the company release, the shareholders also voted against two shareholder proposals, one proposing to adopt an independent chairman policy and the other requesting a report on racial and ethnic pay gaps.