Professor Mark J. Perry's Blog for Economics and Finance
"Walmart has a history of growing their management team from within. Nationwide, nearly 75 percent of Walmart’s store management team started as hourly associates."
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
8 Comments:
Walmart stock has basically flatlined since year 2000. Interesting how a couple of the giants of the 1990s, Microsoft and Walmart, are now dead in the water.
The private-sector free market just makes mincemeat of any management that goes astray, or even sleeps at the switch a bit.
Compare that to our federal military and civilian agencies, where mistakes, blunders and lard are rewarded with bigger budgets every year,
Walmart stock has basically flatlined since year 2000"...
Hey pseudo benny you never tire of makkng inane, factless comments, do you?
Anyone else would be embarrassed but not you...
From Seeking Alpha: Wal-Mart: A High Dividend Growth Stock
This comparison is wrong.
walmart accepts 99.9% of customers who want to enter the store and buy stuff.
Harvard only lets in 6.9% of students who want to enter the college and learn stuff.
This is the problem with higher education. Colleges and universities do not act like businesses and grow to meet demand.
Harvard needs to get 'greedy,' and start making some real money, by building campuses in every state and accepting everyone who's willing to pay.
With increased supply and competition, prices will go down.
hal-
that's a very interesting way to look at it.
perhaps we should be comparing them to harvard professors..
i find idea like "walmart more selective than harvard" to be ridiculous.
i would be willing to bet than any of the folks who got into harvard would get an instant job at walmart.
the top 5% of the bottom 20% of americans is a much less select group than the top 6.7% of the top 10%.
it's a cute media soundbite, but it's a meaningless comparison.
Juanditos:
Look at the 10-year charts on WalMart. It traded in the $50 a share range 10 years ago and now.
You are deeply deluded as to WalMart's stock performance.
It may be great buy today. I do not know. But Microsoft and WalMart have been in the toilet for 10 years now.
Harder my foot.
Less Probable, maybe.
Obviously the pseudo benny didn't look at the charts from the Seeking Alpha article and obviously didn't compare the chart at Seeking Alpha to any other charts...
So typical...
bunny-
regarding microsoft - i'd actually say that flat is a helluva result given that they have been prevented from competing on a level playing field with their competitors.
perhaps you recall the anti trust case?
they now face apple and google who can integrate their products in a way that MSFT cannot. google has a browser based OS. this is particularly hypocritical given that the participated in the lawsuit again microsoft that prevented them from creating one much earlier.
google sets itself as the search engine in all it's software, but microsoft cannot.
it's hardly a level playing field.
you are not discovering management failure, you are seeing the effects of government interference.
that same might be said for walmart. if there any other retailer who is greeted with such hostility when they look to open a store or faces such constant scrutiny and attacks on its practices? (yet has better working conditions than a great many other retailers)
this is not the private sector making mincemeat, it's the government picking winners, increasing prices, and disrupting innovation.
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