All Ears with Abigail Disney cover image

Journalist Rick Wartzman on Walmart: Good Intentions Are Not Enough

All Ears with Abigail Disney

CHAPTER

The Rise of Shareholder Primacy

By the time Sam Walton died, Wall Street had taken charge of corporate priorities. Many companies, not just Walmart, were saving money by slashing labor costs. Keeping stock prices high and shareholders happy was the new name of the game. It came to be called shareholder primacy - a profound break from how it used to be.

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