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Politics : Formerly About Advanced Micro Devices

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To: Broken_Clock who wrote (1063125)3/29/2018 3:49:45 PM
From: zzpat  Read Replies (1) of 1575182
 
The problem WMT had was two-fold. First, the CEO couldn't put together an e-commerce team that functioned even after spending billions (he had to buy companies to do it for him) and he spent a fortune on wages because his employee retention rate was close to zero. Raising wages and buying companies to do what he couldn't do helped a lot.

As a side note, WMT had the largest decline of any Dow stock since the Jan. 26 high. It dropped nearly 20% as of yesterday afternoon and is around 17.78% down as of this writing.
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