Ben Gilbert: evaluation

Transcript context

…They had a whole bunch of CEO turnover and all sorts of controversial stuff. All right. We're on to the segment where we're going to make a case to each other for Walmart being good for the world and bad for the world. It's almost like a bull and bear on the business, but the global impact. Let's save the employees' thing for the moment and first talk about impact on communities. I think there's an easy narrative to paint, the same narrative that got painted with Starbucks being bad for communities because it puts the local store out of business. Certainly, I don't think Sam Walton would say that they didn't. I think that he would say that we put a Walmart in a community and it was better for consumers, so then people needed to adapt. Of course, existing merchants hated us. But did consumers hate us? No, I don't think so at all. I think it was better for them. Especially for customers and everywhere, saving money and saving significant amounts of money on your everyday purchases, that's huge. If you are living in the middle class or lower class, that is enormous. That makes a huge difference in your life.…

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