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Surviving In The Market
Beginning of Essay
Can Wal-mart get the magic back? In the four years since Wal-mart's founder died of bone cancer, CEO David Glass has invested billions of borrowed dollars in businesses that have earned relatively low returns. Glass, age 60, seemed to be a good choice for CEO wh .... Middle of Essay
.... be Wal-Mart's star manager in operations and merchandising. Fields earned $590,000 a year to run a $68 billion business at Wal-mart. At Blockbuster, which revenues about $3.3 billion, Fields is expected to make much more. Yet, Fields insists money wasn't the issue for leaving. Field's archival, Sam's Club President Dean Sanders, quit last fall. Wal-Mart's two most likely candidates for CEO are gone which puts Wal-Mart's future more in the hands of Glass.
Glass has lifted Wal-Mart's long-term debt from $1.7 billion in 1992 to $8.5 billion. Glass plans to make Wal-Mart America's largest grocer by saturating the country with "super centers," empor ....
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Words: 620 - Pages: 3
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