Walmart is the world’s largest retailer with more than 4,300 stores in the United States and over 8,000 worldwide, with global scales topping $400 billion in 2009. It plays a vital role in the U.S economy. Walmart success includes: low–wage labor, Limited health benefits, and leveraging of government subsidies. The company 's controlling family, the Walton’s, is the richest family in America, with nearly $150 billion in wealth. That is more than the total wealth of 43 percent of American families combined, yet most Walmart workers make less than just $25,000 a year.
“ What is good for General Motors is good for America.”
One of the great urban myths of American business history is that the head of GM once said, In 1953,Charles Erwin Wilson, then GM president, was named by Eisenhower as Secretary of Defense. When he was asked during the hearings before the Senate Armed Services Committee if as secretary of defense he could make a decision adverse to the interests of General Motors, Wilson answered affirmatively but added that he could not conceive of such a situation “because for years I thought what was good for the country was good for General Motors and vice versa”. Later this statement was often misquoted, suggesting that Wilson had said simply, “What’s good for General Motors is good for the country.” (From Wikipedia’s History of General Motors)
Walmart Vs General Motors business policy
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