LYCOS RETRIEVER
Wal-Mart: Sam Walton
built 655 days ago
Just last March, Carolyn Walton gave up her cabinet-level post as Arkansas' CIO to become a VP in Wal-Mart's Information Systems Division. Ask her why, and she'll tell you about the 7:30 a.m. Valentine's Day meeting she attended this year. Saturday morning meetings are just part of the normal business routine for the hundreds of Wal-Mart business and IT executives who must regularly attend them, but for Walton, this particular event was a revelation.
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Advertising Age wrote, "The spot is notable since Wal-Mart, although never shy about touting its corporate giving or impact on jobs and employees, rarely runs ads touting its association with a specific charity. It ... marks the first media push behind its longstanding partnership with the Salvation Army." The ad campaign followed a November 17, 2005 press released from the Salvation Army, titled, "Wal-Mart expands 'Red Kettle' Campaign and Helps Launch National 'Online Kettle'," which "touted" Wal-Mart's "plans to allow the red kettle drives at not just a limited number of stores, as in years past, but at all 3,800 Sam’s Club and Wal-Mart stores. It also extended the fundraising days to 28, up from 14." [38]
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The Walton family, which founded and today controls Wal-Mart, lives on blood money. Operating jointly with the City of London-Wall Street bankers, it became the world's wealthiest family by decimating the U.S. and world physical economies, and by applying ferocious austerity, driving wages and living standards beneath the level needed for existence. Forbes magazine places the worth of the family at greater than $100 billion.
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Lehman worked for Wal-Mart for 17 years, managing six stores in four different states before he left the company in 2001 to work for a union trying to organize Wal-Mart employees. In this interview, he recounts how he became disillusioned with the company's focus on profit, and why he feels that the current management has strayed from the principles of Wal-Mart founder Sam Walton. Lehman ... describes how Wal-Mart developed its efficient supply chain, how Wal-Mart's buyers negotiate with manufacturers to drive down costs, and when he first noticed Wal-Mart's importing low-cost goods from China.
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"The most progressive and innovative users of digital signage are realizing its amazing potential as a digital merchandising tool and we are happy Wal-Mart shares our vision for a narrowcasting network," said Camilla Gergely, Marketing Communications Director for EK3. "This program has begun to build a nationally recognizable character associated with Wal-Mart but at the same time allows for a distinctly local feel within each location."
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Wal-Mart operates as a massive wealth extractor. Instead of profits staying in town to be reinvested locally, the money is hauled off to Bentonville, either to be used as capital for conquering yet another town or simply to be stashed in the family vaults (the Waltons, by the way, just bought the biggest bank in Arkansas).
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