Walmart Principles of Business Essay

1182 Words Jun 9th, 2012 5 Pages
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
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This purchase adds 481 new locations in the United Kingdom, South Africa, as well as thirteen other sub-Saharan African countries (2011). I was unable to find any predictions that Walmart made about how these new locations will affect their overall financial status but it will be interesting to hear more about this purchase in the near future. Business risks are factors that “…could materially and adversely affect … business, results of operations, financial condition and liquidity” (Edgar Online Inc., n.d.). Walmart has listed several different business risks that the company is currently facing. The top three risks of those mentioned were: interest rate risk, foreign currency risk, and general economic factors. The first business risk listed was the interest rate risk that could negatively affect the company. According to Wal-Mart Stores Inc. as of the first of 2011, 15% of the company’s long-term and short-term debt is represented by their variable rate borrowings (2011). Any changes in the market rates could potentially cause the company’s annual interest costs to vary by millions of dollars. This could quickly become a serious hinder to the company if substantial changes took place in market rates. Foreign currency risk is another business risk that the company faces due to international business operations. Similarly to the risk that Walmart faces with

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