Skip to comments.Is the Walmart New U.S. CEO Right for the Job? (not even American)
Posted on 07/25/2014 6:16:13 AM PDT by Cringing Negativism Network
Wall Street was generally unsurprised that Simon is leaving -- chatter that his departure may have been over disappointment at being passed up for promotion as Walmart's CEO earlier this year with the company instead choosing its international head, Doug McMillon. However, analysts seemed curious about Walmart's decision to pass over those underneath Simon to replace him, instead naming an executive who had been heading up its China and greater Asia operations.
(please see link for full story)
(Excerpt) Read more at thestreet.com ...
Recently Walmart was publicising "Made in America". Now the CEO quit, and the company went global to fill his job.
If only bleaters in this country apply that same logic to our President.
Many major “US Companies” are run by non-Americans.
I completely recognize that.
I’m focusing on Walmart for two reasons.
First off, Walmart recently began a “buy American” effort.
Second off, Walmart has traditionally been a conservative leader.
I don’t yet know how the new guy (a Kiwi I believe) will be, all I am doing to saying they didn’t pick an American.
Not saying this is good or bad.
But Walmart needs to be paid attention to.
And frankly, I believe Walmart needs to buy (much) more stuff right here in America.
I’d agree they are a bellweather. There was a state on here a while back that 25% of EBT funds are spent at Walmart. Also, a Kiwi is probably more liberal.
I rarely go to Walmart anymore as everything is made in China, the stores around here are dirty, frequented by too many illegals and MS13 members, and the customer service is non-existent.
Oh and they refuse to open up additional checkout lines regardless of how long the wait for checkout is.
Most of its goods and many of its employees are not American, so what about the ceo.
Wal Mart is taking the same road as K-Mart. Build a bunch of stores and then build bigger ones to replace those. Build them with 50 checkout lanes and only staff five of them during the peak hours too. Meanwhile keep competition away by your very presence or putting restrictive deeds on the vacant properties you own to keep a competitor from buying it and keep the building as eyesore.
And I forgot to add... Where is K-Mart now? A shadow of it’s former self. Wal Mart has lost it’s way and will one day maybe sooner or later be shadow of it’s former self as well.
Big deal. Where executives are from has nothing to do with where products come from.
Otherwise Walmarts previous CEOs wouldn’t have been Americans.
Walmart (as well as other retailers) carry tons, and tons, and tons of stuff from China.
China is a global competitor to America.
I have no problem with Americans buying tons of stuff from China, if the market was also reciprocal.
I don’t see that.
China appears to be completely taking advantage of America. We buy something around 440 billion from China (last year). China only bought 122 billion from America.
Worst of all, Americans (all) appear to be 100% helping.
Who is looking out for American workers? Democrats are selling out to China. Republicans are selling out to China. Everyone is selling out what was once the world’s foremost manufacturing base, to China.
If that statement is wrong, then please point to someone, anyone who is looking out for America.
Hard to sell stuff to china when all we make are airplanes and hamburgers. lol
Betcha he was keeping those shelves full in China, of all places.
At least he's Australian. English language and British cultural traditions are his first experiences. Could be worse.
Walmart is a multinational corporation, with most of its growth prospects in other countries. The new CEO reflects that reality.
Doug McMillon, Walmart CEO, got his start collecting carts and unloading trucks back in 1984 as an associate.
Instead of working his way up in the company he should have just stood on the corner with a sign demanding a “living” wage from Walmart. He might still be collecting carts and unloading trucks.
Maybe WallMart is getting ready to do an offshore inversion.
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