No employees are ever asked to invest in the business. That is definitely not what seems to happen in 99 point nine % of start ups. After walmar went public, sam instituted both profit sharing at the store level with the associates and then also an employee stock purchase programme. You put up your own money, but you can do it pre tax, dollars out of your pay check. Ad a 15 per cent discount to the stock price. And this is cool. So home depot modelled ther employee stock programme, purchase programm, after walmarts, and it's brilliant. It's the same thing. How did we get from the walton sweimedim on the employee front
We kick off Season 11 with the incredible story of the retail “granddaddy of them all” Walmart, and its founder Sam Walton. Once you study Walmart, you realize just how deep its heritage runs through Amazon and so many iconic modern companies we cover on Acquired. This episode was an absolute blast, and we even uncovered a new addendum to the hallowed “focus on what makes your beer taste better” playbook theme!
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