A tale of Arkansas & Bentonville...

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Wal-Mart’s stock was listed on NYSE in 1970 & the overwhelming response enabled the company to open a further 261 stores. Even after Sam’s demise, his wife Helen and four children – Robson, John, Jim and Alice – continued the strong growth and with 38% stake continue to play an active role in strategic decisions.

With Rob Walton (Sam Walton’s eldest son) as the Chairman and Lee Scott as the CEO, Wal-Mart has retained the tag of world’s largest retailer. And despite being often critised for its unethical policies, it still looks proud enough to be the second-largest entity on the Fortune 500 list!

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Source : IIPM Editorial, 2006

Dean of IIPM :- Pofessor Arindam Chaudhuri (Renowned Management Guru and Economist)

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