Wal-Mart’s CEO Lee Scott on Charlie Rose
By Paul
Charlie Rose interviews Lee Scott, CEO of Wal-Mart.
Related;
Wal-Mart; The behemoth from Bentonville (a couple of book reviews)
Measuring the Wal-Mart effect;
"America is home to more Wal-Mart employees (1.3m) than high-school teachers. A typical store is manned by 150-350 people; the bigger “supercentres”, which sell groceries, employ 400-500. But even as Wal-Mart creates some jobs, it displaces others. What is the net effect? According to the company, “new businesses spring up near Wal-Marts and existing stores flourish as they take advantage of the increased customer flow to and from our stores.” Global Insight reckons that a 100,000 square-foot (9,300 square-metre) Wal-Mart creates 97 retail jobs, after the dust has settled, but destroys 30 in wholesale.”
For people outside the US, it is not very clear why there’s such a controversy about Wal-Mart in the States.