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Surviving In The Market
Part 1 of Paper
....EO David Glass has invested billions of borrowed dollars in businesses that have earned relatively low returns. Glass, age 60, seemed to be a good choice for CEO when Sam Walton, at 69, tapped him to take over in 1988. Investors have knocked down Wal-Mart's market value by $7.7 billion since the day Sam died. Sam bu.... Part 2 of Paper
....ssue for leaving. Field's archival, Sam's Club President Dean Sanders, quit last fall. Wal-Mart's two most likely candidates for CEO are gone which puts Wal-Mart's future more in the hands of Glass.
Glass has lifted Wal-Mart's long-term debt from $1.7 billion in 1992 to $8.5 billion. Glass plans to make Wal-Mart America's largest grocer by saturating the country with "super centers," emporiums that combine a supermarket and general-merchandise store under one roof. Sam lived to see Wal-Mart .... |
| Number of words: 620 - Approximate pages: 3 |
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