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Surviving In The Market
Beginning of Paper
Can Wal-mart get the magic back? In the four years since Wal-mart's founder died of bone cancer, CEO 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 .... Middle of Paper .... considered to be Wal-Mart's star manager in operations and merchandising. Fields earned $590,000 a year to run a $68 billion business at Wal-mart. At Blockbuster, which revenues about $3.3 billion, Fields is expected to make much more. Yet, Fields insists money wasn't the issue 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 ....
620 words | 3 pages
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