The Current Walmart CEO started there at 17years old
 

https://en.wikipedia.org/wiki/Doug_McMillon

Utter Proof That Capitalism works

Also he put up staff wages
good enough for joey on tibb,
I would think.

He was just on Sunday Morning Futures
he spoke of more trips to China
and expanding in Mexico.


Well Done Doug
http://blog.cayenneapps.com/wp-conte...15/04/doug.jpg

How on earth is this proof that capitalism works? :laugh2:

You are almost parodying yourself. Do you have no idea of the concept of capitalism whatsoever? It may be providing this man with a huge paycheck, but capitalism is leaving those without the luck this man had on the streets and without food to put on the table.. leaving millions using foodbanks and is widely contributing to the huge poverty in africa.

Honestly arista I do try to respect posts made but this is one of the most ridiculous claims in a while..

This is about a 17year old
that joined a Company and Climbed the Ladder,
anyone can see that as solid proof.


Africa is not like the rest of the world
many nations are at war
as Isis and other terror groups sadly take over


JoshBB - Work Hard Climb The Ladder - Its Not Luck

Not everyone can climb a ladder, considering that there are limited top spots within capitalism and monopolies which form under it that one can climb to, Africa is a prime example of capitalism failing people.. a few very rich individuals with millions suffering.

If you work Harder
you can Climb the Ladder.

Africa is in War Zone areas now
Islamic Extremists want Women as dogs
you need study History more

Africa being in war zones obviously would affect the poverty rate, but it has definitely been exacerbated by both capitalism and the obsessive nature of land-grabbing (colonialism) that comes with it.

It's good to see the story of someone who's worked hard through the ranks instead of resting on his laurels and whining about how hard life is. Pity we don't see more of it.

Yeah and every other 17 year old who was recruited at the same time as him could be CEO today if they had worked just as hard! Isn't it awesome?

Wait...

What?

What do you MEAN there is and can only be one CEO? What about all of those other 17 year olds? They was robbed, I tell you, robbed.


In other words, one lad's good-luck tale does not equate to every wallmart shelf-stacker being able to climb the corporate ladder all the way to the top. In reality, the best that most can hope for is maybe to be a store manager (or to find a better career track and not work there at all).

Well, it can't be all chiefs and no Indians can it.

Honestly Livia, come on, if you're not careful you'll end up a caricature like arista! Are you saying that anyone who doesn't rise from min-wage staff to CEO of a multi-billion $ company is where they are because they have been "resting on their laurels"?

It's unrealistic. It happens - but rarely - and it can ONLY be rarely, because a relatively small and finite number of these high-paying positions exist at all. Certainly not enough for every hard-working fresh-faced newstart to get there. There are obviously other elements involved. Personal gifts like exceptional charisma, something that not everyone can learn no matter how hard they work, would be one element. Another is simple dumb luck and that's something that, for some reason, people just don't like to admit. Being at the right place, working in the right store, getting to know the right people who happen to be there, all play a part for "ladder climbers".

I agree with alot of this, that said if you don't get out there and do something it will definately never happen :laugh:

Hold on a second, I've just clicked the wikipedia link... the guy has a Master's Degree in Business :joker:. The premise of this thread is utter bull****, he's a business graduate who happened to be part-timing at Walmart through his studies and stuck there. Yes, he did well, but he didn't simply work his way up through the ranks with hard graft, he achieved a high level of education and leapfrogged past middle management.

Big wows, so surprise.

This is true, doing nothing is a surefire way of getting nowhere. But getting nowhere (or not getting far) isn't necessarily an indication that a person hasn't done anything or isn't prepared to work hard. In fact there's a quite a dangerous mindset there because people become a self-fulfilling prophecy - e.g. someone reaches say 40 and hasn't achieved anything spectacular, people start to assume that this is because they aren't capable (or because they haven't worked hard enough and are lazy) rather than because the opportunity hasn't arisen, and so fewer people are willing to give them a chance.

I'm saying you don't have to be a minimum wage drudge forever. You can better yourself, you can get qualified to do better things, you can work hard. Or... you can stay in a dead-end, minimum wage job and moan about it. The only person who can change your circumstances is yourself.

Ahh yes, the fictional world of opportunity we live in eh.

I don't understand what you mean. Are you saying that people shouldn't bother trying to do better because opportunity is fictional? If you want to do better, you will. If you don't, you won't. That's been my experience. But one thing's for sure, nothing's going to fall into your lap and sometimes you have to give up things to gain things.

Some people are happy bobbing along the bottom. Good for them.

No I'm saying exactly what I said: that there's more to it, and that the premise of this thread is dodgy.

Yes, this guy worked there at 17... while living with and being funded by his parents and having the opportunity to attain a Masters Degree from University which allowed him to leapfrog the corporate ladder into higher level management where he advanced to CEO.

Let's say there's another guy who started with him at 17. His parents aren't interested in him and kick him out at 18 and he needs every cent of his shelf-stacking wage to pay his rent and buy food. Realistically... is THAT guy getting attending University and getting a Masters? How would that even be feasible? Where does the money come from? Where does the TIME come from for a person who has to be working long hours in a **** job just to survive?

The reality is that true rags-to-riches stories are very rare and you'll find the roots of most of them in dumb luck. This fellow in the OP is not a rags-to-riches story. There are no rags here.

TS
give Doug some credit
he Worked very Hard to get to the Top.

Capitalism Works

I'll give you this much; it certainly worked for him.

Another arista classic...

Walmart is one of the worst corporations in the world. It treats its workers like cattle, treats women like dirt, and pays its workers just under what is necessary to not get on social benefits. It's run by religious zealots. They put every mom and pop store out of business.

And while we're at it...

"Wal-Mart Continues to Stumble Under CEO Doug McMillon"

June 22, 2015

Wal-Mart Stores Inc. (WMT) is worse off now than it was a year ago, and it has continued to struggle under Doug McMillon, who became chief executive in February 2014. Investors hoped he would dig the world's largest retailer out from under problems created by his predecessor, Mike Duke. Nothing has happened so far except Wal-Mart's troubles have worsened.

McMillon has done several things, but they have primarily helped employees or are cosmetic. Employees received a raise to at least $9, which barely is a livable wage. The figure will rise to at least $10 an hour in February next year. At the time, he wrote:

As important as a starting wage is, what’s even more important is opportunity, and we’ll continue to provide that ladder that any of you can climb. If you work hard, develop new skills and care for others, there should be no limit to what you can do here. That’s what makes this place special. I’ve seen it. I’ve lived it. And I want nothing more than for every Walmart associate today to feel that same connection to the company that I feel and to have the same opportunities I’ve had. Let’s work together to serve our customers, grow our company, and take care of one another.

What he neglected to mention is that the pyramid workers have to climb narrows quickly, severely limiting opportunities. And there are limits to what employees can do at Wal-Mart, even if they work diligently and raise their skills. McMillon had a head start because, among other things, he has an MBA.

McMillon also has returned greeters to its stores. These workers should put a "friendly face" at the entrance to Wal-Mart stores. They are also there to discourage shoplifting.

If share price is a reasonable reflection of management success, McMillon gets low marks. Wal-Mart shares trade very near their 52-week low, at $72.74, against a high of $90.97 and a low of $71.70 in the past year. The price has careened down particularly fast in the past month. Wall Street analysts are particularly pessimistic. Of the past four analyst calls, according to Yahoo! Finance, three were downgrades and one was an initiation of coverage with a rating of Neutral.

The most damning case against McMillon's tenure is the most important -- earnings. In the most recently reported quarter, for the period that ended April 30, revenue fell 0.1% to $144 billion. The bottom line was worse. Net earnings dropped 6.7% to $3.34 billion. Operating income across all three Wal-Mart divisions (Walmart U.S., Walmart International and Sam's Club) fell. McMillon conceded Wal-Mart needs to do better:

We had a solid first quarter. We took some important strategic steps to strengthen the foundation of our business for the future. We need to continue to get better at consistently running great stores, clubs and e-commerce everywhere we operate ... and we are.

For investors, the "get better" part cannot come soon enough.

http://finance.yahoo.com/news/wal-ma...102637997.html

And since arista loves using Wikipedia as a source:

https://en.wikipedia.org/wiki/Walmart#Criticism

&

https://en.wikipedia.org/wiki/Criticism_of_Walmart

and since capitalism works sooooooo wonderfully, why are Walmart's products made by communist China?

Don't forget, you can walk out of any one of their stores buying 15 guns, which they sell by the truckload.

I don't support communism, and I don't support religious extremism, thus, I don't shop at Walmart.

China supply's every Company
even UK's Tesco with their Electronics,
Infact some supply's are
sadly only made in China now.

As for buying Legal Guns
thats normal for USA
very normal.

Many Hate Walmart
nothing new there.

But many shop there saving
Dollars.