Thursday, January 15, 2009

Charlie Rose interviews outgoing Wal-Mart CEO Lee Scott

Last night Charlie Rose interviewed outgoing Wal-Mart President & CEO Lee Scott, who is reducing his time with Wal-Mart over the next two years. Since Wal-mart is frequently researched by our students this interview might be recommended to them as many issues relating to Wal-Mart and being an executive of a major corporation are discussed. Sustainability and how Wal-Mart and retailing have changed are among the topics covered.

One moment in the interview provides an example of what information is required to be reported by a public company and what isn't. Rose asked Scott how many stores Wal-Mart had in China and he replied, "about 200." Rose then asked, "And they generate how much revenue?, to which Scott quickly replied, "I don't believe we report that....but good try."

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