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The Trouble With Retail's C.E.O.s

The Trouble With Retail's C.E.O.s | Business Brainpower with the Human Touch | Scoop.it

Doug McMillon, the C.E.O. of Walmart, started thirty years ago as a teen-ager, unloading trucksat a distribution center. Walgreens’s C.E.O., Greg Wasson, began as a pharmacy intern while still a college student. But the former Target C.E.O. Gregg Steinhafel beats both of them, having mopped floors as a child at the family furniture store in Milwaukee before arriving at Target, as a merchandise trainee, thirty-five years ago.


Even after he became the C.E.O., earning millions of dollars a year, Steinhafel tried to see his stores as Target’s customers might. “I come in and I want to see, How does the store feel?” he told Marketplace’s Kai Ryssdal, in 2009. “Is it clean? Are the brand standards right? I quickly look at the check lane—is there anybody waiting in line?… Am I excited to be here?” In February of this year, on a visit to a store, he pointed out that its entrance didn’t have enough shopping carts and that a mannequin’s arm was out of place, according to a Wall Street Journal profile.

Vicki Kossoff @ The Learning Factor's insight:

In the past, if your goal in life was to run a retail company, you wanted your biography to open with a scene of you manning the sales floor or schlepping boxes in a warehouse. The younger you were in this scene, and the lowlier the position, the better the story.

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America IS the 1%: You need just $34,000 annual income to be in the global elite... and HALF the world's richest people live in the U.S.

America IS the 1%: You need just $34,000 annual income to be in the global elite... and HALF the world's richest people live in the U.S. | Business Brainpower with the Human Touch | Scoop.it
A top economist has suggested that anti-inequality protesters should be more concerned with wealth disparity across the globe.


Nearly half of the world's richest one per cent of people live in the U.S., according to a top economist.

But the threshold required to make it in to that elite group is lower than you might think - just $34,000 per person.


While the Occupy Wall Street movement has focussed on the top one per cent of earners in the U.S., Branko Milanovic, a World Bank economist, has suggested that anti-inequality protesters should be more concerned with wealth disparity across the globe.


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