NAMES IN THE NEWS : Wal-Mart Founder Has Cancer
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BENTONVILLE, Ark. — Sam Walton, founder of the Wal-Mart discount chain, has bone-marrow cancer.
Walton announced in a memo distributed in the company Wednesday that he had undergone chemotherapy and some radiation therapy at M. D. Anderson Hospital in Houston for multiple myeloma, according to Wal-Mart spokesman Don Shinkle.
“Along with Mr. Sam’s doctors, we are very encouraged that because of early detection and treatment a full recovery is expected,” the company said in a statement.
Walton’s memo said that he may be slowed down for a few weeks but that he expects to resume visiting outlets in a few weeks, Shinkle said.
Walton, 71, is one of the nation’s wealthiest men, based on his holdings of Wal-Mart stock.
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