Introduction “The Wal-Mart story began in 1962, when Sam Walton opened the company’s first discount store in Rogers, Ark. Five years later, there were 24 Wal-Mart stores in Arkansas ringing up $12.6 million in sales (Wal-Mart.com, Timeline, 2008).” “Wal-Mart entered the new millennium with the appointment of H. Lee Scott Jr. as the third CEO of Wal-Mart Stores Inc. in 2000(Wal-Mart.com, Timeline, 2008).” . “That same year, Fortune magazine ranked the company fifth in its "Global Most Admired All-Stars" list and named Wal-Mart the third most admired company in America (Wal-Mart.com, Timeline, 2008).” In the year of 2003, Wal-Mart was named the “Most Admired Company” for having excellent revenue sales, and was ranked no. 1 on Fortune 500 list. With Lee Scott and his team leadership, Wal-Mart has once again been ranked no. 1 on the Fortune 500 list for another year of awesome sales. This Wal-Mart fourth time of making Fortune 500 list, and holding on to the no. 1 spot and being name the
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