Sam Walton: Building a Walmart World | The Return of Sam | 2

Business Movers

Wondery

History, Business, Entrepreneurship

4.8 • 1.5K Ratings

🗓️ 30 March 2023

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sam reclaims the title of Walmart CEO, but returns to a company divided. He cleans house and scales up, all in anticipation of a showdown with a big rival: Kmart.

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Transcript

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0:00.0	Hey prime members, you can listen to business movers add free on Amazon music. Download the app today
0:22.3	It's June
0:23.5	1976 in Bentonville, Arkansas and Wal-Mart's corporate headquarters is in crisis
0:29.1	The company's 58 year old founder Sam Walton storms down a hallway on his way to an important conversation
0:35.5	The gray-haired Sam is semi-retired at least he's supposed to be
0:39.7	But since he's been gone Wal-Mart has been experiencing some inner turmoil
0:44.4	Two top executives are locked in a bitter battle for power
0:48.4	Both are pushing Wal-Mart in different directions and threatening to tear the company apart
0:53.7	So today Sam is determined to put a stop to the infighting and save his company
0:59.0	Sam approaches the office of the man
1:01.0	He handpicked to succeed him a CEO of Wal-Mart 41-year-old Ron mayor
1:06.7	It takes a deep breath
1:09.3	And then steps inside
1:10.9	Ron, we have a problem. Sam, what can I do for you?
1:14.4	Well, I appreciate everything you've done for Wal-Mart
1:16.8	You've been here almost a decade and been absolutely essential to this company's advancement. Yeah, but
1:23.6	There are things going on in these offices that I can't allow. I've been losing sleep over it
1:28.4	We got two camps here one under you and one under Farrell
1:31.7	We can't have that Wal-Mart needs to be united. Well, tell that to Farrell
1:36.6	He's the one who's splitting the company into I'm telling it to you and I'm telling you that it has to stop
1:42.2	Let me see if I can think of a way to bring my people and Farrell's people together
1:46.0	Well, that's a problem right there Ron. There is no your people and Farrell's people were all in the same boat here
	...

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