Wal-Mart CEO Lee Scott retiring.
Posted in Main Blog (All Posts) on November 22nd, 2008 5:33 am by HL
Wal-Mart CEO Lee Scott retiring.
Wal-Mart Chief Executive Officer Lee Scott will retire effective Feb. 1, 2009. He will be replaced by Mike Duke, who currently heads the company’s international operations. While Wal-Mart has made constructive efforts to tackle the health care crisis and establish more environmentally-friendly business practices under Scott’s tenure, it has also worked tirelessly to erode workers’ […]
Wal-Mart Chief Executive Officer Lee Scott will retire effective Feb. 1, 2009. He will be replaced by Mike Duke, who currently heads the company’s international operations. While Wal-Mart has made constructive efforts to tackle the health care crisis and establish more environmentally-friendly business practices under Scott’s tenure, it has also worked tirelessly to erode workers’ rights. Wal-Mart Watch released this statement today:
Wal-Mart’s announcement today of Mike Duke as the new Chief Executive Officer must be viewed in the context of the recent election. It represents an opportunity for Wal-Mart to change from the low-wage, low-benefit business model to one that will be more appealing to an Obama administration.
