According to Walmart, its organizational structure is comprised of a management team of five CEOs of various Walmart subsidiaries. These CEOs lead several more vice presidents in charge of the various business divisions of the parent company.
Below the CEOs and vice presidents are several levels of management, supervisors and hourly workers. Walmart is actually the parent company of five smaller subsidiaries that, although are still part of Walmart, act as separate companies. These subsidiaries include Walmart International, Walmart USA, Walmart Stores Inc., Sam's Club and Global eCommerce.
In addition to the executive management team at the helm of Walmart, an executive board of directors, comprised of 16 individuals who are not employees of Walmart, oversee Walmart's compliance with various laws that govern business practices both domestically and internationally. The executive board also has the power to make decisions regarding members of the executive team, including altering the organizational structure for the benefit of the company. The corporate structure of Walmart is not unlike that of many large international corporations with multiple subsidiaries and business divisions. Walmart is one of the largest employers in the United States, with more than 1.4 million domestic employees. As of 2014, its annual profits exceed $17 billion annually.