BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Wal-Mart's Rob Walton suiting up in a custom gold Ferrari?]]>http://www.bloggingstocks.com/2009/05/28/wal-marts-rob-walton-suiting-up-in-a-custom-gold-ferrari/http://www.bloggingstocks.com/2009/05/28/wal-marts-rob-walton-suiting-up-in-a-custom-gold-ferrari/http://www.bloggingstocks.com/2009/05/28/wal-marts-rob-walton-suiting-up-in-a-custom-gold-ferrari/#commentsFiled under: ,

Wal-Mart Stores, Inc. (NASDAQ: WMT) sure has a storied history. Borne out of the backwoods of Arkansas, the company founded by Sam Walton has gone on to become one of the most efficient and ruthless retailers ever.

At the same tie, it's become the world's largest company by revenues as well. Perhaps some of that "biggest..." mentality has gotten into Sam Walton's son -- Rob Walton's -- head, as he just reportedly ordered one of the most custom, gold-laden Ferraris most of us have ever seen.

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Wal-Mart's Rob Walton suiting up in a custom gold Ferrari? originally appeared on BloggingStocks on Thu, 28 May 2009 17:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Golden ferrariGoldenFerrariRob WaltonRobWaltonWal-MartWMTThu, 28 May 2009 17:00:00 EST<![CDATA[Is Wal-Mart CEO Lee Scott on the hotseat?]]>http://www.bloggingstocks.com/2007/06/06/is-wal-mart-ceo-lee-scott-on-the-hotseat/http://www.bloggingstocks.com/2007/06/06/is-wal-mart-ceo-lee-scott-on-the-hotseat/http://www.bloggingstocks.com/2007/06/06/is-wal-mart-ceo-lee-scott-on-the-hotseat/#commentsFiled under: , ,

The dreaded vote of confidence (noun): When an individual, usually a leader, has mangled his or her job so badly that the boss is forced to defend them publicly by saying that they have "the utmost respect" or "tremendous confidence" in the person's abilities. Often, but not always, this is followed by the firing of the highly respected individual.

Wal-Mart's (NYSE: WMT) share price has lagged the market since Lee Scott took over as CEO in 2000, and the company has faced an ever-increasing amount of negative publicity: Spying on shareholders, environmental concerns, labor issues, and, most recently, the Julie Roehm contretemps. While the merit of all these scandals can be debated, the avalanche of bad publicity they have generated cannot be.

At Friday's annual meeting, Wal-Mart Chairman Rob Walton gave Scott the dreaded vote of confidence: "The board and the Walton family have absolute confidence in your leadership, Lee. We appreciate you and we thank you."

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Is Wal-Mart CEO Lee Scott on the hotseat? originally appeared on BloggingStocks on Wed, 06 Jun 2007 09:45:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Lee ScottLeeScottrob waltonRobWaltontargettgtwal-martWMTWed, 06 Jun 2007 09:45:00 EST