Archive for the 'Lee Scott' Category

THE PEOPLE BEHIND THE WALMART EMPIRE

Sunday, May 1st, 2016

So, we’ve written hundreds of posts about the Walton family, their peers and their hirelings, but we’ve never focused on the people the way the folks at The Walmart 1%, The People Behind The Walmart Empire. Who, sadly, were these bloggers? The Walmart 1% was a project of Making Change At Walmart, (who took notice […]

WORKING AT WALMART IS AMAZING…?

Tuesday, March 17th, 2015

Sigh. I was prepared to write one of my rare positive pieces about affairs de Walmart when I read the headline: Scott Family Amazeum in Bentonville slated to open July 15. The family featured here is that of Walmart’s third (2000-2008) CEO, Lee Scott. I wasn’t going to begrudge Scott a bit of retirement sunshine […]

HOW DID YOU DO IN 2009…?

Tuesday, April 20th, 2010

If you’re one of Walmart’s top five officers, the good news is that in fiscal year 2009 together you took in $65 million. The bad news is that if you happened to be Michael Duke you took a huge pay cut over the previous year, taking home a measley $19.2 million. From 24/7 Wall Street: […]

Just try to imagine Lee Scott or Mike Duke saying this.

Tuesday, December 29th, 2009

Apparently, John Mackey of Whole Foods wants to be everywhere these days. This is from an interview w/ Reason magazine: By not taking any money, it’s pretty obvious that I’m not trying to get as much money out of the company as I can. I mean, I was a co-founder. I have enough money. I’m […]

LEE SCOTT SELLS 1/3 OF HIS WALMART STOCK…

Thursday, November 19th, 2009

There’s no clue what he wanted $13 million for and, quite frankly, it’s none of my business, but when the former CEO of Walmart decides to cash in 244,414 shares of his company stock at $53.31 each (those are some odd numbers), it does make me go hmmm. Jeff Hess: Have Coffee Will Write.

In which I answer my own question.

Tuesday, June 30th, 2009

Q. Can lower level Walmart workers ever expect to retire? A. New York Times, 2/17/06: In his response to the store manager who asked about retiree health benefits, Mr. Scott wrote: “Quite honestly, this environment isn’t for everyone. There are people who would say, ‘I’m sorry, but you should take the risk and take billions […]

Like shooting fish in a barrel.

Monday, June 22nd, 2009

Walmart would be a lot better off if Lee Scott simply shut up now.

SO, WALMARTEES… WAS HE WORTH IT…?

Tuesday, April 21st, 2009

How does it feel to make $29.7 million in a single year and know that you came in second place to your competitor who earned $36.4 million? Does $6.7 million really make any difference when you’re living in this rarefied atmosphere? How do the people who paid those salaries, the shoppers at Walmart and Target […]

IT’S DEVELOPED ON INTEGRITY…?

Friday, April 3rd, 2009

KFSM TV gets former Walmart CEO on tape and tosses a couple of softballs. Doesn’t anyone in broadcasting (or print for that matter) know how to ask a substantive question anymore? Ask the question succinctly, shut up and let the man talk. Jeff Hess: Have Coffee Will Write.

Fool Me Once…

Sunday, January 25th, 2009

Apparently NY Times reporter Michael Barbaro has decide to return to his old Walmart beat to allow Lee Scott to pull the wool over his eyes one more time. The way Walmart does this is by putting out the same bogus statistics it always offers when it wants to show how well it treats its […]

I’ll assume my invitation to the next annual meeting is in the mail.

Thursday, January 15th, 2009

As CEO, Scott said his biggest regret was taking too long to understand and learn to compromise with critics. As Wal-Mart expanded into groceries in the 1990s, it “drew the attention of the labor bosses,” Scott said. “And so the harder they pushed at us, the more we pushed back. And in that process, we […]

In the new America, every day is Lent.

Monday, January 12th, 2009

From B-Net: Speaking at the National Retail Federation convention in New York today, Lee Scott, outgoing Wal-Mart ceo, said the current recession is fundamentally changing consumers in the United States. Scott said younger consumers particularly are becoming more focused in their spending, less anxious to use credit and increasingly interested in protecting money. While many […]

Lee Scott wouldn’t know the wrong track if it hit him on the head.

Sunday, December 14th, 2008

From Reuters: Scott, who will retire in early 2009, also said he sees a role for Wal-Mart in the debate around issues such as the environment and health care, which he has previously said “profoundly” affect the chain’s shoppers and business. Wal-Mart has “reached out” to President-elect Obama’s team to work on the U.S. health […]

No Robert, THIS is a scandal.

Monday, November 24th, 2008

For most people, losing $300,000/year would be a terrible burden. Lee Scott, however, can still spend the next two years counting out his haul. Apparently, he has nothing better to do. From footnoted.org: While we don’t profess to know Wal-Mart all that intimately, we were surprised by Scott’s agreement in the 8K that the company […]

Goodbye Lee Scott

Friday, November 21st, 2008

Pushed, jumped or is just taking his millions of marbles and going home? Wal-Mart’s new chief has company pedigree The world’s largest retailer said Friday that it tapped Michael Duke, vice chairman and head of Wal-Mart International, as CEO and named him to the board. Duke will replace Lee Scott, who has served as president […]