Wal-Mart Stores Inc. vows to be a “company of the future” through cost-saving initiatives ranging from electronic prescriptions to perhaps a place in the hybrid car market one day.
“We live in a time when people are losing confidence in the ability of government to solve problems,” said Lee Scott, president and chief executive officer of Wal-Mart. “But at Wal-Mart, we don’t see the sidelines that politicians see. And we do not wait for someone else to solve problems that might hurt our business or affect our customers in a negative way.”
When U. S. regulators denied Wal-Mart's request to open a bank, Wal-Mart went to Mexico and opened one there instead.
I don't think this leaves much question as to how they want to be the World's one business. They are a company that has proven if they don't get their way, they will either sue to try to force a local municipality to do what they want. Or in the case of the bank issue (from a couple years ago) move go out of the country to do what they want.
Scott said he also has talked to the heads of major auto manufacturers to see if there is a place for Wal-Mart in the hybrid electric or plug-in electric car market. He also plans to work more closely with suppliers to make sure they meet specific environmental, social and quality standards, and to address concerns on product sources.
- KC Star
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go ahead share your thoughts with me now.
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