scott

recession watch

Walmart Is Starting To Worry

Previously exuberant Walmart is getting a little worried about the economy, according to CNNMoney.

"No one has a crystal ball to look into the economic future, but we know the economy will be a critical factor this year," Wal-Mart CEO Lee Scott said in a recorded call discussing the retailer's results..."Some customers were a little more cautious about their spending in January," Scott said. "That is why we will continue to be diligent in improving our business in every way."

This non-statement is quite a change from the previously excited predictions Lee Scott shared before the Holidays:

"I feel we are well positioned for an economic downturn," Scott said. "Our low prices and low-cost business model should give us an advantage over other retailers if things get more difficult for consumers."

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11:59 AM on Tue Feb 19 2008
By Meg Marco
3,410 views, 59 comments

Latest by fredramsey: Economics 101: People without jobs do not buy goods. Read it a few times, let it sink in. Economics 102: People who make minimum wage can't afford to buy goods. Here endeth the lesson. more »

legal filings

Walmart Executives Gone Wild

Disavowed Walmart adgal Julie Roehm is branding her former colleagues as unethical hypocrites. Roehm sued Walmart after being fired for allegedly breaking Walmart's allegedly strict ethics policies. According to her legal filings submitted yesterday to the U.S. District Court in Detroit, several Walmart executives misunderstood the finer points of business ethics.

Walmart CEO H. Lee Scott accepted "a number of yachts," and a pink diamond from Irwin Jacobs, in exchange for allowing Jacobs' company the exclusive right to buy unsold Walmart merchandise;

Irwin Jacobs hired H. Lee Scott's son, Eric S. Scott, who had worked for Walmart as a buyer;

E. Stanley Kroenke, a cousin by marriage of the descendant of Walmart's founders owns 55 stores that are leased back to Walmart at a highly inflated price;

Several Walmart executives were given backstage passes to an Eagles concert;

Walmart's General Counsel, Robert Rhoads, had an affair with a subordinate and paid for her apartment and college tuition; it ended well when Rhoads divorced his wife and married the subordinate.

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12:41 PM on Sat May 26 2007
By Carey
1,850 views, 19 comments

Latest by Tfleming: How about posting the phone numbers of Walmart CEOs? I just got off the phone with a snotty account manager, trying to pay a bill online, who basically told me it's there buiness and their online payment site is their more »

3rd ss division totenkopf

Designer Of Walmart's Nazi Shirt Found. He's Jewish.

The Miami Herald found the designer of Walmart's Nazi tshirts, a man of Jewish persuasion. More »

net neutrality

Why Net Neutrality Is Bad

Voluminous pixels are spilt in defense of Net Neutrality, the premise that ISP's shouldn't be allowed to throttle, toll-house, or block access to certain sites because the ISP finds it financially beneficial to do so (e.g. Verizon creates its own videosharing site and blocks YouTube). More »

10:51 PM on Mon Nov 13 2006
By Ben Popken
808 views, 19 comments

toilet paper

Scott Toilet Paper: Wipe With Less!

We don't know how lucky we have it. More »

aqua teen hunger force

Jeremy Scott's Fast Food Fashion

An insider source at New York Mag points us to these photos Jeremy Scott s fashion show last week. As the photo series demonstrates, apparently the high fashion you should sprint out to buy next fall is junk-food themed sleeper ware, complete with over-sized donut bracelets. More »

9:03 AM on Mon Feb 13 2006
By popkin
1,219 views, 3 comments

pr

The Consumerist Interview: Scott Meldrum of Hype Council

In a post on gaming webcomic Penny Arcade, an anonymous email was posted regarding the actions of Hype Council, accusing the company of hiring employees to create online personas to drive word-of-mouth marketing online. More »

2:09 PM on Fri Feb 10 2006
By consumerist.com
254 views, 6 comments