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Wicked Walton's

In: Business and Management

Submitted By jstnmx
Words 1610
Pages 7
Justin Mahoney
February 7, 2012
Marcella Gamallo
Essay #1 Monster Corporation

Forbes Magazine, the leading source of reliable business news and financial information develops an annual list of the world’s billionaires and lo and behold who has four members of its’ family in the top twenty of the richest people on the planet? The wealthiest family on earth, the Walton’s, whom control the world’s largest revenue public corporation, Wal-Mart (The World’s Billionaires). The American multinational retail corporation manages chains of large discount department stores. The corporation is also the world’s largest private employer with approximately 2.2 million employees; the company’s employee roll exceeds the population of over 50 countries in the world including Qatar, Trinidad and Tobago, Iceland and Suriname. Walmart is essentially the largest retailer in the entire world. The company, which is controlled by the Walton family who own a 48% stake, have been bashed in the media time and time again for “failing America.” Applause must be given to the Mega Corporation, they came from being just one department store to a multi-billion dollar corporation however, the treatment of Wal-Mart’s employees and the greediness of Wal-Mart’s owners combine to make it a monster corporation with negative effects on both individuals and competing companies.
To be reasonable, we must touch on the benevolence of Wal-Mart because to be a $465 billion dollar corporation they must be doing something correct, right? The children of Wal-Mart's founder, Sam Walton, in contrast to its workers, are billionaires. Does that make them greedy or just lucky? They would not talk to ABC News on the topic but billionaire Ted Turner an American media mogul and philanthropist who is known as founder of the cable news network CNN, the first…...

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