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WAL-MART At50
WAL-MART at50 FROM ARKANSAS TO THE WORLD a supplement to . VOL. 29, NO. 27 • JULY 2, 2012 ARKANSASBUSINESS.COM/WALMART50 Fifty years old, and healthy as ever Congratulations, Walmart! And thanks for letting us care for your associates and communities. From one proud Arkansas company to another CONGRATULATIONS TO A GREAT AMERICAN SUCCESS STORY It has been a privilege to travel with Walmart on its remarkable journey, including managing the company’s 1970 initial public offering. From one proud Arkansas company to another, best wishes to all Walmart associates everywhere. INVESTMENT BANKING • WEALTH MANAGEMENT INSURANCE • RESEARCH • SALES & TRADING CAPITAL MANAGEMENT • PUBLIC FINANCE • PRIVATE EQUITY STEPHENS INC. • MEMBER NYSE, SIPC • 1-800-643-9691 STEPHENS.COM WAL-MART at 50 • 3 Wal-Mart: INSIDE: A Homegrown 6 The World of Wal-Mart Mapping the growth of a retail giant Phenomenon 8 Timeline: A not-so-short history of Wal-Mart Stores Inc. Thousands of Arkansans have a Wal-Mart experience to share from the past 50 years that goes far beyond the routine trip to a Supercenter last week. 10 IPO Set the Stage for Global Expansion Wal-Mart is an exciting, homegrown phenomenon engineered by the late Sam Walton, a brilliant businessman who surrounded himself with smart people and proceeded to revolutionize 14 Influx of Workers Transforms retailing, logistics and, indeed, our state and the world. He created a heightened awareness of stock Northwest Arkansas investments as investors from Arkansas to Wall Street watched the meteoric rise in share prices and wondered when the next stock split would occur. -
How Economists Explain Standard Oil and Wal-Mart
Narrating the Rise of Big Business in the USA “This is a story about stories, and specifically about some of the stories that Americans have told themselves about corporate economic power.” In this book, Anne Mayhew focuses on the stories surrounding the creation of Standard Oil and Wal-Mart and their founders, John D. Rockefeller and Sam Walton, combining the accounts of economists with the somewhat darker pictures painted by writers of fiction to tease out the overarching narratives associated with American big business. Mayhew argues that the diverse views about big business and its effects on welfare can be reconciled and better policies derived from a somewhat unlikely combination of ideas from the business world and from those who have dissented from the most widely accepted story told by econo- mists. This book draws on the work of Chandler, Coase and Williamson, as well as Marx and Veblen’s discussion of supply chains, to address some of the major social and economic problems of the twenty-first century. This book will be of interest to students and researchers engaged with economic theory and public policy as well as those interested in a post- modernist take on big business in the USA. Anne Mayhew is Professor Emerita at the University of Tennessee. Routledge international studies in business history Series editors: Ray Stokes and Matthias Kipping 1 Management, Education and 7 Region and Strategy Competitiveness Business in Lancashire and Europe, Japan and the Kansai 1890–1990 United States Douglas A. Farnie, Edited by Rolv Petter Amdam David J. Jeremy, John F. -
Graduate School 2014-2016 Academic Catalog
Graduate School 2014-2016 Academic Catalog Published by John Brown University Siloam Springs, Arkansas Spring 2014 This catalog contains policies and guidelines for the purpose of aiding students in planning their educational curriculum and is not to be considered a contractual agreement. Program requirements, course content, and other regulations are subject to change at the discretion of the controlling entities within the university. Table of Contents Graduate School Calendar University Profile o Mission of the University o Statement of Faith o Educational Philosophy o History . Head, Heart, Hand o Accreditation o Council for Christian Colleges & Universities o Location o Student Body o The Soderquist Center o The Center for Healthy Relationships Graduate School Profile o History o Facilities . Educational Centers . CARE Clinics . Play Therapy Institute o Online Options o Faculty o International Practicums Admissions o Admission Requirements o Entrance Exam Requirements o Admission Status o International Admission Requirements o Non-Discriminatory Statement Academic Policies o Catalog Regulations o Changes in Requirements and Regulations o Course Credits o Enrollment Status o Prerequisites and Corequisites o Time Limits o Recency of Credit o Adding and Dropping Courses o Refund Policy o Attendance Regulations o Academic Integrity o Grading System o Independent Study o Auditing Courses o Transfer Credit o Additional Master's Degree o Late Enrollment o Quality Standards for Continuance in the Graduate School o Appeal Policy o Grade Renewal o Graduation o Transcripts o Access to Educational Records (FERPA) Student Resources o Resources for Learning . John Brown University Library . Technology Resources o Office of Academic Assistance . Services for Students with Disabilities o Student Development Services . -
JOHN BROWN UNIVERSITY 2015-2016 Undergraduate Studies
JOHN BROWN UNIVERSITY 2015-2016 Undergraduate Studies Published by John Brown University Siloam Springs, Arkansas Spring 2015 This catalog contains policies and guidelines for the purpose of aiding students in planning their educational curriculum and is not to be considered a contractual agreement. Program requirements, course content, and other regulations are subject to change at the discretion of the controlling entities within the university. Table of Contents University Calendar University Profile o Mission of the University o Statement of Faith o Educational Philosophy o History o Location & Student Body o Accreditation o Council for Christian Colleges & Universities o Academic Year o The Soderquist Center o The Center for Healthy Relationships o Resources for Learning o Office of Academic Assistance o Student Development Office o Resources for Service o Resources for Lifestyle o Health Services o International Programs Department Educational Programs o Academic Colleges & Divisions o Majors & Minors o University Honors Scholars Program o JBU Study Abroad & International Summer Study Programs o Affiliated CCCU Study Abroad Programs o Other International Off-Campus Programs o Academic & Financial Aid Policies for Off-Campus Programs o Reserve Officer Training Corps Admission o Admission Procedures & Guidelines o Criteria for Admission o First-Time Freshman o Transfer Students o Non-Degree Students o International Admission Requirements o Concurrent High School Enrollment o Notice of Nondiscriminatory Policy Financial Planning -
Wal*Mart Stores, Inc
For the exclusive use of L. LI 9-794-024 REV: NOVEMBER 6, 2002 STEPHEN P. BRADLEY PANKAJ GHEMAWAT Wal*Mart Stores, Inc. In Forbes magazine’s annual ranking of the richest Americans, the heirs of Sam Walton, the founder of Wal*Mart Stores, Inc., held spots five through nine in 1993 with $4.5 billion each. Sam Walton, who died in April 1992, had built Wal*Mart into a phenomenal success, with a 20-year average return on equity of 33%, and compound average sales growth of 35%. At the end of 1993, Wal*Mart had a market value of $57.5 billion, and its sales per square foot were nearly $300, compared with the industry average of $210. It was widely believed that Wal*Mart had revolutionized many aspects of retailing, and it was well known for its heavy investment in information technology. David Glass and Don Soderquist faced the challenge of following in Sam Walton’s footsteps. Glass and Soderquist, CEO and COO, had been running the company since February 1988, when Walton, retaining the chairmanship, turned the job of CEO over to Glass. Their record spoke for itself—the company went from sales of $16 billion in 1987 to $67 billion in 1993, with earnings nearly quadrupling from $628 million to $2.3 billion. At the beginning of 1994, the company operated 1,953 Wal*Mart stores (including 68 supercenters), 419 warehouse clubs (Sam’s Clubs), 81 warehouse outlets (Bud’s), and four hypermarkets. During 1994 Wal*Mart planned to open 110 new Wal*Mart stores, including 5 supercenters, and 20 Sam’s Clubs, and to expand or relocate approximately 70 of the older Wal*Mart stores (65 of which would be made into supercenters), and 5 Sam’s Clubs. -
Wal Mart Stores Inc
WAL MART STORES INC FORM DEF 14A (Proxy Statement (definitive)) Filed 04/20/99 for the Period Ending 06/04/99 Address 702 SOUTHWEST 8TH ST BENTONVILLE, AR 72716 Telephone 5012734000 CIK 0000104169 Symbol WMT SIC Code 5331 - Variety Stores Industry Retail (Department & Discount) Sector Services Fiscal Year 01/31 http://www.edgar-online.com © Copyright 2014, EDGAR Online, Inc. All Rights Reserved. Distribution and use of this document restricted under EDGAR Online, Inc. Terms of Use. WAL MART STORES INC FORM DEF 14A (Proxy Statement (definitive)) Filed 4/20/1999 For Period Ending 6/4/1999 Address 702 SOUTHWEST 8TH ST BENTONVILLE, Arkansas 72716 Telephone 501-273-4000 CIK 0000104169 Industry Retail (Department & Discount) Sector Services Fiscal Year 01/31 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant [X] Filed by a Party other than the Registrant [_] Check the appropriate box: [_] Preliminary Proxy Statement [_] CONFIDENTIAL, FOR USE OF THE COMMISSION ONLY (AS PERMITTED BY RULE 14A-6(E)(2)) [X] Definitive Proxy Statement [_] Definitive Additional Materials [_] Soliciting Material Pursuant to (S) 240.14a-11(c) or (S) 240.14a-12 WAL-MART STORES, INC. (Name of Registrant as Specified In Its Charter) WAL-MART STORES, INC. (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): [X] No fee required. [_] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: [_] Fee paid previously with preliminary materials. -
MADE in AMERICA MY STORY by SAM WALTON
SAM WALTON: MADE IN AMERICA MY STORY by SAM WALTON with JOHN HUEY BANTAM BOOKS NEW YORK • TORONTO • LONDON • SYDNEY • AUCKLAND This edition contains the complete text of the original hardcover edition. NOT ONE WORD HAS BEEN OMITTED. SAM WALTON: MADE IN AMERICA A Bantam Book/published by arrangement with Doubleday PUBLISHING HISTORY Doubleday edition published June 1992 Bantam edition/June 1993 Photographs without credits appear courtesy of the Walton family. All rights reserved. Copyright © 1992 by the Estate of Samuel Moore Walton. Cover photo copyright © 1989 by Louis Psihoyos/Matrix. Cover design by Emily & Maura Design. Library of Congress Catalog Card Number: 92-18874. ISBN 0-553-56283-5 Published simultaneously in the United States and Canada Bantam Books are published by Bantam Books, a division of Bantam Doubleday Dell Publishing Group, Inc. Its trademark, consisting of the words "Bantam Books" and the portrayal of a rooster, is Registered in U.S. Patent and Trademark Office and in other countries. Marca Registrada. Bantam Books, 1540 Broadway, New York, New York 10036. PRINTED IN THE UNITED STATES OF AMERICA OPM 31 30 29 28 27 26 25 24 23 CONTENTS Acknowledgments Foreword 1 Learning to Value a Dollar 2 Starting on a Dime 3 Bouncing Back 4 Swimming Upstream 5 Raising a Family 6 Recruiting the Team 7 Taking the Company Public 8 Rolling Out the Formula 9 Building the Partnership 10 Stepping Back 11 Creating a Culture 12 Making the Customer Number One 13 Meeting the Competition 14 Expanding the Circles 15 Thinking Small 16 Giving Something Back 17 Running a Successful Company: Ten Rules That Worked for Me 18 Wanting to Leave a Legacy A Postscript Co-Author's Note ACKNOWLEDGMENTS Life has been great to me, probably better than any man has a right to expect. -
EXCELLENCE Awards HONOR FREE ENTERPRISE PIONEERS
Volume 12, Issue 3 • December 2012 Economics Arkansas ExcEllEncE AwArds Board Officers honor FrEE EntErprisE Diane Tatum Chair pionEErs Bob Watson President s part of the Northwest Arkansas Campaign and our 50th Anniversary, Economics Arkansas Ray Hobbs Vice-Chair hosted the Excellence in Free Enterprise A nd Dr. Kieth Williams Awards luncheon and program on November 2 Vice-President in Rogers, Arkansas, which honored the legacies of Lou Graham J.B. and Johnelle Hunt, Don Tyson and Sam Walton. Immediate Past Chair Dr. Arthur Brooks, Johnelle Hunt, John Tyson and Alice Walton visit at the VIP reception prior These entrepreneurial pioneers built worldwide firms Dr. Jim Rollins to the luncheon. that represent Immediate Past President the pinnacle of Allison Richardson Treasurer success in free enterprise and inspire the entrepreneurs of tomorrow. Dr. Jane Wayland It was a privilege for our organization to salute them and their Secretary accomplishments. David Walt We are grateful to the many volunteers and supporters that VP/Agriculture helped make this such a memorable event: Bob Boehmler, executive Melinda Faubel vice president and loan manager at ARVEST Bank Benton County, VP/Business, Industry welcomed the almost 700 guests. Don Soderquist, the founding Sen. Johnny Key executive of the Soderquist Center and retired COO and senior VP/Government vice president of Walmart Stores, served as emcee. He presented Shane Broadway John Tyson, Megan Boyce and VP/Education the awards and paid moving tributes to J.B. and Johnelle Hunt, Don Jenny Jones. Tyson and his long-time friend Sam Walton. Pamela Conner, 5th Executive Committee grade teacher at Elmdale Elementary of the Springdale School Members District, described how she and her students have benefitted from the training and resources provided by Economics Arkansas. -
Beyond the Movement Today’S Shippers, Carriers, and the Broader of Goods
Beyond the How Fundamental Shifts Across Movement Industries Will Elevate Transportation 2020 | First Edition Table of Contents Author’s Note 03 Introduction: The Transportation Precipice: Ushering in a Decade of Innovation Doug Mueller, CEO and President, Breakthrough 04 Leading Change Through a Paradigm Shift: Uniting People & Process 1 Johnnie Dobbs, Retired, Executive Vice President of Logistics, Walmart U.S. 06 Amplifying the Value of Artificial Intelligence: The Power of Collaborative Data 2 John Kahan, Chief Data Analytics Officer, Microsoft 14 Thinking Algorithmically: Better Strategic Choices Amidst Noise Linnea Gandhi, Adjunct AssistantProfessor of Behavioral Economics, Chicago Booth School of 3 Business 24 Executing on Promises: The Future Role of Sustainability in Corporate Strategy 4 Brett Wetzel, Director of Applied Knowledge, Breakthrough 32 Creating Enduring Strategies: The Shift Towards Collective Optimization 5 Brian Stoufer, Senior Director of Transportation, Conagra Brands 40 Executive Summaries 43 2 2020 BREAKTHROUGH BREAKTHROUGHFUEL.COM Author’s Note Historically, we have released an annual compilation of excerpts gathered from thought leaders across industries to enhance our dialogue around topics of interest to our shipper clients. The Breakthrough spirit of innovation that drives us to always reach for more does not stop at our client interactions and solutions development. Much like our team, services, and the scope of our business, our desire to provide thought provoking commentary evolved into something much more than we have ever released. Finding novel topics to highlight can be difficult. We, along with many publications feel like a broken record: data is everywhere, complexity has increased, the only constant is change. These mantras, while true, are missing a key characteristic that make the commentary surrounding them useful to those who are executing strategies on the ground. -
Winter 2005/2006 a Publication for Alumni & Friends of JOHN BROWN UNIVERSITY Brown Bulletin Letter from the Winter 2005-2006 Editor Andrea Phillips
�������������� Walton Scholars Program Turns 20 Katrina Impacts JBU 2005 Homecoming & Reunion Photos winter 2005/2006 a publication for alumni & friends of JOHN BROWN UNIVERSITY Brown Bulletin letter from the Winter 2005-2006 Editor Andrea Phillips Contributing Writers Lindsay Larsen president Rachel Castland Andrea Phillips Lead Designer Andrea Phillips Dear Alumni and Friends of JBU, Design Assistance Allen Dempsey Jennifer Trenchard The Thanksgiving season is upon us, and it offers a welcome rest in the midst of the end of the semester rush. We have much to be thankful for here at John Brown University as you can see in the pages of this Brown Bulletin. Production Assistance Christine Mescher We are celebrating the 20th anniversary of the Walton International Scholarship Program this year. I had the privilege of visiting with some of our Photographers Luke Davis Walton alumni in Panama and Guatemala this past May, and I was deeply impressed Mark Jackson with the good work that they are doing. JBU alumni are leaders in national Jennifer Trenchard organizations, such as the Panama Canal Commission and the Guatemalan Tourist Cade Truitt Board; they are leaders in business, managing divisions of multinational corporations; Printer Magna IV Printing and they are leaders in their churches, serving as elders, deacons, and Bible teachers. I am thankful for how God is using these alumni to extend His Kingdom. We are also grateful for the opening of the Soderquist Business Center this fall. It is the new home of JBU’s Business Division and of the Soderquist Center The Brown Bulletin is the official publication of John for Leadership and Ethics. -
The Ten Rules of Sam Walton
ffirs_bergdahl.qxd 4/20/06 3:27 PM Page iii The Ten Rules of Sam Walton Success Secrets for Remarkable Results Michael Bergdahl Foreword by Rob Walton, Chairman of the Board, Wal-Mart Stores, Inc. John Wiley & Sons, Inc. ffirs_bergdahl.qxd 3/21/06 12:20 PM Page ii ffirs_bergdahl.qxd 3/21/06 12:20 PM Page i The Ten Rules of Sam Walton ffirs_bergdahl.qxd 3/21/06 12:20 PM Page ii ffirs_bergdahl.qxd 4/20/06 3:27 PM Page iii The Ten Rules of Sam Walton Success Secrets for Remarkable Results Michael Bergdahl Foreword by Rob Walton, Chairman of the Board, Wal-Mart Stores, Inc. John Wiley & Sons, Inc. ffirs_bergdahl.qxd 3/21/06 12:20 PM Page iv Copyright © 2006 by Michael Bergdahl. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, (978) 750-8400, fax (978) 646-8600, or on the web at www.copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, (201) 748-6011, fax (201) 748-6008, or online at http://www.wiley.com/go/permissions. -
Learning from Wal-Mart by Melissa Hart
HART WALMARTFINAL 3/29/2007 3:15:06 PM LEARNING FROM WAL-MART BY ∗ MELISSA HART I. INTRODUCTION............................................................................355 II. THE PLOT LINE: DUKES V. WAL-MART ...................................359 A. Centralized Workplace Policies............................................360 B. Unguided Local Discretion...................................................361 C. Evidence of Gender Bias.......................................................363 III. WORKPLACE DISCRIMINATION AND CULTURAL NORMS .....366 A. Early Examples of Employer Reliance on Social Norms and Stereotypes in Title VII Litigation .................................366 1. The Customer Preference Bona Fide Occupational Qualification.......................................367 2. The Lack of Interest Defense...................................369 B. Subjective Decisionmaking Class Actions: Another Challenge to Social Norms in Employment Litigation.......372 IV. CLASS LITIGATION: GEOGRAPHY AND COMMONALITY........379 V. THE WAL-MART DIMENSION.....................................................384 A. The Wal-Mart Effect..............................................................385 B. The Wal-Mart Way ................................................................389 VI. CONCLUSION.................................................................................393 I. INTRODUCTION Employment discrimination law is at a crossroads, and Wal-Mart is planted squarely at its juncture. Two years ago, the largest employment discrimination