You did nothing wrong this is a common problem with Winforms combo boxes. If you look in the Form.Designer.vb, search for the control in the definition you will see two add statements comment out the first and your code should work. I have reported this issue to NSDN but it has not been fixed as of the latest release.
'SL_OperatorComboBox
'
'Me.SL_OperatorComboBox.DataBindings.Add(New System.Windows.Forms.Binding("Text", Me.Shift_LogBindingSource, "SL_Operator", True))
Me.SL_OperatorComboBox.DataBindings.Add(New System.Windows.Forms.Binding("SelectedValue", Me.Shift_LogBindingSource, "SL_Operator", True))
Me.SL_OperatorComboBox.DataSource = Me.OperatorsBindingSource
Me.SL_OperatorComboBox.DisplayMember = "Name"
Me.SL_OperatorComboBox.FormattingEnabled = True
Me.SL_OperatorComboBox.Location = New System.Drawing.Point(158, 81)
Me.SL_OperatorComboBox.Name = "SL_OperatorComboBox"
Me.SL_OperatorComboBox.Size = New System.Drawing.Size(150, 21)
Me.SL_OperatorComboBox.TabIndex = 31
Me.SL_OperatorComboBox.ValueMember = "Initials"