Lee Scott Quotes
But they are also better, our competitors are better because Wal-Mart exists.
Scott, Lee. "Wal-Mart Stores, Inc. Media Conference Call." Fair Disclosure Wire, 13 Jan. 2005.
Patents, copyrights, and franchises are but 3 common (and legal) ways of obtaining a onopoly position.See Adam Smith {627790} for a similar thought.
This is an important quotation because Ellison, one of the best businessmen in the world is also much more candid than most others. Here he admits that he strives to achieve monopoly status for his company. Almost all large businesses try to become monopolies so that they do not have to compete on price, quality, and service. Few will admit publicly that much of their effort goes towards an objective that is detrimental to the nation and society and in is in large part illegal.
Harold Lee Scott Jr. is an American businessman who served as the third chief executive officer of Wal-Mart Stores, Inc., from January 2000 to January 2009. Scott joined Walmart in 1979 and under his leadership, the company retained its position as the largest retailer in the world based on revenue, although the company faced growing criticism during his tenure for its environmental footprint, labor practices, and economic impact. Scott has been a board member of Walmart since 1999, and served as chairman of the executive committee of the retailer's board of directors.