Did Wal-Mart really suffer a “startling setback” last year?
How would you like it if your company increased revenues 7.1 percent profits 5.3 percent during the past year, and you heard Wolf Blitzer say this: “(your company) has been suffering a startling setback. Anyway, ahead, the discount giant’s new fall. What’s going on?”
The company is Wal-Mart and the comment was made by Blitzer at about 3:45 p.m. CDT on The Situation Room. What’s going on is that Wal-Mart went from Number 1 to Number 2 on the Fortune 500. And that’s a “startling setback?” Sounds like media hype to me. The Situation Room went on to list companies as “Winners and Losers” based on the list. Give me a break. I wonder if $150/barrel oil had anything to do with ExxonMobile going to Number 1.