A Bit of Optimism The Value of Values with Walmart CEO Doug McMillon
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Dec 5, 2023 Doug McMillon, CEO of Walmart, reflects on his incredible 33-year journey from packing trucks to leading one of the world's largest companies. He emphasizes the importance of core values in shaping company culture and ethical decision-making. McMillon discusses how Walmart navigates retail transformation while remaining committed to sustainability and community impact. He advocates for a shift from short-term profit goals to a values-driven approach, aiming to enhance lives beyond just savings.
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Walmart's Bumpy Road
- Walmart faced criticism for various issues like harming small businesses and inadequate pay.
- Lee Scott, former CEO, encouraged the company to listen to criticism and improve, leading to a shift in values and focus on sustainability.
Long-Term Vision vs. Short-Term Pressure
- Doug McMillon emphasizes the advantage of long-term focus, enabled by the Walton family's ownership.
- Short-term pressures from Wall Street can hinder long-term, sustainable decisions.
Doug's Walmart Journey
- Doug McMillon started at Walmart as a teenager unloading trucks, inspired by coworkers' positive experiences.
- The people and culture kept him at Walmart for 33 years, despite other opportunities.