MGM110-1201A-40 Principles of Business
According to Bloomberg, the current Chief Executive Officer (CEO) at Walmart is Michael Terry Duke. Mr. Duke has been the CEO at Wal-Mart Stores Inc. since 2006 (2011). And Bloomberg also reports that Charles M. Holley Jr. is the current Chief Financial Officer of Walmart and has held that position since late 2010. Mr. Holley’s education background consists of a MBA from the University of Houston. His financial experience is quite extensive and he has been working within the Wal-Mart Stores Inc. finance scene since 1999. Before that he started working for Walmart he was with Ernst & Young for over ten years (2011).
After examining Mr. Holley’s experience, I believe that he is well qualified for the position that he currently holds. He has over a decade of experience within Walmart itself dealing with their finances, not to include the years of experience he has had with other corporations. Walmart continues to grow, and he still holds his position within the company so there is no doubt he was the right choice for the position of Chief Financial Officer.
Walmart currently has “…three reportable business segments: (1) the Walmart U.S. segment; (2) the Walmart International segment; and (3) the Sam’s Club segment” (Wal-Mart Stores, Inc., 2011). According to Wal-Mart Stores, Inc. in 2011 they had an increase of 3.4% in net sales compared to the previous year. This increase in net sales was credited to a rise in customer traffic and their continual expansion of store locations worldwide (2011). While looking at the company’s annual report I also compared the current ratio of 2011 to 2010. According to Wal-Mart Stores, Inc. in 2011 Walmart had a current ratio of 0.89. Their total assets were reported to be $51.893 billion and total liabilities were $58.484 billion. In 2010 Walmart had a current ratio of 0.86 which is slightly smaller than that for the year of 2011 (2011).
Currently, Walmart is focused...
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