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Friday, June 20, 2014

Sam Walton: Made In America

Sam Walton: Made In AmericaSam Walton: Made In America by Sam Walton
My rating: 3 of 5 stars

Being an employee at Wal-Mart now for almost three years I knew this is a book I wanted to read. I also enjoy reading books about companies especially if the author is the founder. Wal-Mart's story is a fantastic story of America's free enterprise. I will tell you that some of the things revealed in the book about employees were either not correct or they have changed through the years. I know for a fact that many have changed and I think Sam Walton would not be happy about some of the changes. To help you understand was an amazing success story Wal-Mart is I have included a quote from the book below:

As everybody today knows, Wal-Mart's stock performance, and the wealth it has created, is a story in itself. Just fifteen years ago [this book was published in 1992], the market value of the company was around $135 million; today it's over $50 billion. But here's a better way to look at it: let's say you bought 100 shares back in that original public offering, for $1650. Since then, we've had nine two-for-one stock splits, so you would have 51,200 shares today. Within the last year, it's traded at right under $60 a share. So your investment would have been worth right around $3 million at that price. Obviously, our stock has made a lot of folks happy over the years, and - pure and simple - that's where the Walton family net worth has been created. It paid off beyond any of our dreams.

If you want to know more about Wal-Mart and/or just enjoy reading about companies then this would be a good read for you!


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