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Lee Scott

Date of Birth:

14-Mar-1949

Nationality:

Andorra

Profession:

Scott was CEO of Walmart for nine years. During his final year as CEO, he was awarded a compensation package worth more than $ 30 million. After retiring as CEO, Scott continued to work for Walmart for another two years as chief executive. For each of these two years, the company paid him an annual salary of $ 1.1 million.

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QUOTES BY Lee Scott

"Although we did not attain our goal of increasing earnings at the same rate of sales, our 8.9 percent growth in earnings per share in the fourth quarter represents more than triple the growth rate experienced in the first six months of the year,"
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"We are confident our earnings momentum will continue and look forward to reporting another record year in sales and earnings,"
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"Jeanne is an outstanding retail and management talent who has developed successful brands and programs in both traditional and online retail channels,"
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"It was a solid performance, but we can do better,"
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"In a challenging retail environment, I am pleased to report our first year with net earnings in excess of $6 billion and our first-ever quarter with earnings over $2 billion,"
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"Our goal for the second half of the year remains double-digit earnings growth,. However, given the current economic environment this will be difficult to achieve, ... We expect earnings growth in the second half will show improvement over the first half of this year as we leverage our sales and market share gains, but the growth may not meet our original goals."
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"The potential right now for success at that school is very, very high. Of the 30 kids in my class, about 10 are Hispanic. It's very difficult for me to look at those kids that I'm teaching now and know that statistically there's a good chance some of them will drop out of school."
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"The consumer still seems to us to be very cautious and probably will remain so until we see improvement in employment,"
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"We're pleased our trend of year-over-year increases in sales and net income continues. We added more than seven billion dollars in sales in the quarter and ended the year strong."
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"Texas was a growth area for Wal-Mart,"
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"[In addition to his responsibility for Wal-Mart Stores, U.S. A., Menzer will head the divisions responsible for real estate, logistics, information services, benefits, global procurement, financial services, store planning and strategic planning.] John will continue to accelerate changes in the largest segment of our business, ... During the last six years, he transformed Wal-Mart International into a wellorganized, fast-growing and profitable business. Prior to that, as Wal-Marts corporate chief financial officer, John established a solid track record as a business strategist who delivers results."
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"We know this because 30 percent of our associates who have our health coverage were uninsured before they started working at Wal-Mart."
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