Hi there, Instyle!
The first thing I did was visit Walmart [ http://www.walmart.com ] to
confirm the name of the current CEO which I can confirm is Mr H. Lee
Scott.
http://www.walmartstores.com/wmstore/wmstores/Mainabout.jsp?pagetype=about&categoryOID=-8496&catID=-8242&template=CompanyOfficers.jsp
Apparently, he has been working for Walmart for some 22 years now,
managing quite a few divisions of the company during that time and
beginning as assistant manager of the truck fleet.
The article "Walmart Management Move" (About.com) contains some detail
about the handover of the CEO position from David Glass to H. Lee
Scott and includes the quote: "Since 1995, Scott has also served in
key leadership roles in merchandising and as president and CEO of the
Wal-Mart Stores division. ... He is expected to be an excellent
replacement for Glass and the transition should be seamless for retail
giant".
[ http://retailindustry.about.com/library/weekly/aa011500a.htm ]
Recently, Walmart removed chiropractic benefits for all employees,
effective from January 2003.
This has clearly caused some concern for some associations who have
forwarded a letter to Mr Scott requesting that the company reconsider
it's employee healthcare policy.
One such association published this information as a news article on
the web site: [ http://www.occhiro.org/ACAReports/2002/200210/ACA20021028.htm
] (Article 5)
The letter [ http://www.acatoday.com/insurance/managed_care/WalMart.shtml
], contains the quote: "The ACA believes this to be an inappropriate
choice for Wal-Mart and has serious concerns about the impact on your
associates who choose chiropractic care as their healthcare
preference.".
One web site has an extensive detailed study of the Walmart company
and suggests that they do not have an excellent relationship with
their employees.
One section quotes: "...Extensive labor relation's problems are common
at Wal-Mart. ... Wage issues, shift scheduling, and workplace rights
abuses are cited by labor groups. This seems to go against its
founding principles of respect for employees..." [
http://www.mike-pereira.com/subpage/docs/walmartcs.htm ].
This document links to the "Walmart Good Works" [
http://www.walmartfoundation.org ], which is a charitable initiative
recently set up.
Another web site suggests that, in general, Mr Scott is doing
extremely well.
They claim that the CEO has "...increased sales to become the number
one company in the world in revenue".
://www.google.co.uk/search?q=cache:QmqExwKJx8wC:www.arches.uga.edu/~topdog/walmart.doc+walmart+%22H+Lee+Scott%22+study&hl=en&ie=UTF-8
The document below seems to disagree with the companies ideas though.
"Do YOU shop at WalMart? Nice, Friendly place? Read this!"
http://www.taxidermy.net/forums/IndustryArticles/02/i/0284BD6619.html
A document outlining H. Lee Scott's attempts to attract a younger
customer base to the store.
://www.google.co.uk/search?q=cache:p8O_LKuo8GIC:pages.stern.nyu.edu/~jsteckel/B011101/walmart/The%2520Heavyweight%2520Goes%2520In.doc+walmart+%22H+Lee+Scott%22+style&hl=en&ie=UTF-8
"Wal-Mart's CEO Finds Narrow Margins Slow Profit, Investors Say"
(Bloomberg)
http://quote.bloomberg.com/cgi-bin/fgcgi.cgi?ptitle=Top%2520Financial%2520News&s1=blk&tp=ad_topright_topfin&T=markets_bfgcgi_content99.ht&s2=ad_right1_topfin&bt=ad_position1_topfin&middle=ad_frame2_topfin&s=APOCs6BXTV2FsLU1h
The following web site contains the quote: "...Lee's marketing and
leadership experience at Wal-Mart, combined with his broad knowledge
and involvement with transportation, distribution and logistics issues
are clearly assets that will further strengthen Cooper's Board...".
"H. LEE SCOTT ELECTED DIRECTOR OF COOPER INDUSTRIES"
http://www.shareholder.com/cooper/news/19990901-10605.htm
"How Wal-Mart Transfers Power"
http://myphlip.pearsoncmg.com/cw/mpviewce.cfm?vceid=2461&vbcid=3682
"CEO's Careful Planning Eases Power Transfer"
https://www.bluesteps.com/mlibrary/ml_aesc2.asp?mldid=5&cat=20
A study on if the transfer over to the new CEO will be successful
which contains a superb write-up and background to the management
qualities of Mr Scott.
http://www.mtech.edu/dkmoe/Examples/mngmnt/mn_group.htm
H. Lee Scott is also on the board of advisors for a business college.
(roughly one third the way down the page)
http://www.pittstate.edu/pubs/catalog01-03/cbus.html
A memo to H. Lee Scott claiming that a new WalMart store "threatens
local communities".
://www.google.co.uk/search?q=cache:heiXGbX1kpsC:www2.bc.edu/~waddock/SEPTE~repts/WalMart.doc+%22H+Lee+Scott%22+leadership&hl=en&ie=UTF-8
"Public Outrage Forces Walmart to Allow Workers to Wear American Flag
Stickers"
http://www.ksworkbeat.org/Issues/Attack_on_America/Walmart_Bans_American_Flags/walmart_bans_american_flags.html
Financial Times interview with the CEO
http://news.ft.com/servlet/ContentServer?pagename=FT.com/StoryFT/FullStory&c=StoryFT&cid=1039524253413&p=1012571727088
In general though, how are Walmart doing?
The "World's Most Respected Companies Survey 2002" by
Pricewaterhousecoopers suggests that they are quickly gaining in
popularity and that Mr Scott may be performing well.
[ http://www.autoindustria.com/informacion/estudios/pwc_respected_companies.pdf
] (PDF document, see page 5)
I hope that this selection of web sites will help you in your quest.
If you need any clarification, please do not hesitate to ask.
Regards,
errol-ga.
Google searches used:
"walmart "H Lee Scott" study"
://www.google.co.uk/search?q=walmart+%22H+Lee+Scott%22+study
"walmart "H Lee Scott" leadership"
://www.google.co.uk/search?q=walmart+%22H+Lee+Scott%22+leadership
"walmart "H Lee Scott" style"
://www.google.co.uk/search?q=walmart+%22H+Lee+Scott%22+style
"walmart ceo scott"
://www.google.co.uk/search?q=walmart+ceo+scott |
Clarification of Answer by
errol-ga
on
14 Apr 2003 00:13 PDT
Hi there, Instyle.
I understand your request fully so I will attempt to find some more
sources for you.
Because Mr Scott is a fairly new CEO, there is not a lot of material
on the web devoted to his particular management style in this
position.
However, by broadening my search terms I was able to track down a few
more sites.
You will notice that instead of searching for "walmart h lee scott
style", I simply searched for "lee scott leadership" instead to gain a
few more search results.
However, the drawback to this is that there will be quite a large
amount of irrelevant results.
One of the first websites I found contained the following quote:
" ... Mr. Scott identified several lessons that he learned that
contributed to his successful transition as Wal-Mart's new CEO. A few
of his suggestions that might be helpful to firms in the future
include the following: (1) Firms should cross-train high-level
executives so they are familiar with as many segments of the business
as possible. (2) Candidates for the top leadership positions in firms
should be exposed to the board of directors as soon as possible in
order to learn the board's expectations from the company's leadership.
(3) Both the outgoing and the incoming CEO's have new roles to learn.
Discuss the transition thoroughly in order to resolve potential
problems quickly. (4) Stay humble. ... "
"How Wal-Mart Transfers Power"
http://myphlip.pearsoncmg.com/cw/mpviewce.cfm?vceid=2461&vbcid=4335
Another describes him as modest, cautious and in possession of a
"broad skill set".
I have highlighted his name in the following document:
"Searching for Saviors: Can Retailers Truly Find The Perfect Chief
Exec?"
://www.google.co.uk/search?q=cache:U1zrgaw8HTMC:www.eahughes.com/pdf/WWD_Feb20_03.pdf+%22Lee+Scott%22&hl=en&ie=UTF-8
This Yahoo BusinessWeek page has a profile of Mr Scott including the
excerpt: " ... The real key is taking care of customers," says Scott.
And as Wal-Mart's shares have amply demonstrated over the years, if
customers aren't disappointed, shareholders won't be, either. ... "
"H. Lee Scott Jr. - Key Accomplishments"
http://yahoo.businessweek.com/magazine/content/02_02/b3765047.htm
While researching this for you, I also found an interesting piece of
information which includes his salary details.
http://www.timesdispatch.com/business/ceo/scott.shtml
This is also held on another site, although with slight monetary
difference and with a comparison to some other CEO's.
http://www.arkansasbusiness.com/news/print_editions/ceo.html
I also located this short profile, including some more factual
details.
http://www.arkansasbusiness.com/whoswho/ceo/ceo_display.asp?ID=30
Moving on, I found an excellent profile on Mr Scott which is more in
depth than anything else I have found so far.
"Wal-Mart CEO Scott: The secret of our success"
http://www.icsc.org/srch/sct/sct0702/page53.html
In light of the above articles that I located, I agree completely that
you were correct to request a clarification and was more than happy to
help you.
I hope that these websites will assist you well.
Regards,
errol-ga.
Google searches used:
"H Lee Scott"
://www.google.co.uk/search?q=%22H+Lee+Scott%22
"Lee Scott leadership"
://www.google.co.uk/search?q=%22Lee+Scott%22+leadership
|
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