OTHER NEWS - April 2, 1992
From Times Staff and Wire Reports
Wal-Mart Founder Is Hospitalized: Sam Walton, the founder of Wal-Mart Stores Inc., has been admitted to a Little Rock, Ark., hospital for cancer treatment. The 74-year-old billionaire has been fighting bone cancer for two years. Neither the company nor the University of Arkansas Hospital would discuss Walton’s condition. A friend of Walton, who requested anonymity, said Wal-Mart’s top managers have refrained from traveling in recent days. Walton, one of the world’s richest men, founded the Bentonville, Ark., discount chain in 1962. He expanded it from a single store to the nation’s largest retailer, with $40 billion in annual sales.
