Mike Duke News
Why $20.89 Explains President Obama's Love For Costco
President Obama’s love for Costco runs deep. If he had his way, he probably might have grabbed a box of 500 golf balls, an 80-inch TV, and a $4.99 bag of organic tortillas chips for his Super Bowl party during a stop in the Lanham,...
5 Things You Need to Know About Walmart's New CEO Doug McMillon
Walmart, the world's largest private employer, is getting a new leader. While CEOs like Tim Cook at Apple are household names, few Americans are likely to know anything about Doug McMillon. With Wal-Mart's announcement during the company's busiest shopping week of the year McMillon, 47, has been
The 10 Wealthiest Networking Kings and Queens
Money may not be everything, but maybe power is. According to a new list of the most influential and wealthiest people, you don't have to be the richest to be the most "influential." Wealth-X, a company based in Singapore which has a propiertary databse of individuals worth $30 million or more, has
Obama Sees 'No Evidence' National Security Imperiled in Petraeus Scandal
President Obama said today that he has seen "no evidence" that U.S. national security was jeopardized in the unfolding scandal between disgraced former CIA director David Petraeus and his biographer, Paula Broadwell. "I have no evidence at this point from what I've seen that classified information
At White House Grilling, Obama Will Have A Full Plate (The Note)
By MICHAEL FALCONE (@michaelpfalcone) and AMY WALTER (@amyewalter) NOTABLES: TODAY AT THE WHITE HOUSE: President Obama holds his first post-election news conference at 1:30 pm ET in the East Room of the White House. TUNE IN: ABC News will carry the president’s news conference live...
Pressure on SEC to Implement Rule Disclosing CEO to Median Worker Pay
Danny Stauffer of Milwaukee has been working as a baker at Walmart for almost five years. His salary is $9.40 an hour, up from a starting wage of $7.11. Stauffer, 26, said has tried to work full-time at the company but hasn't had success. "I actually like the work I do," he said. "The people I work
Walmart, Kimberly-Clark CEOs Would Trade Tax Breaks for Lower Corporate Rate
ABC News' Amy Bingham reports: At 35 percent, the United States has one of the highest corporate tax rates in the world. In Britain and Canada the government collects just 28 percent of corporate profits and in Ireland companies get...
Walmart CEO Pay: More in an Hour Than Workers Get All Year?
By Ed Smith's math, the CEO of Walmart earns more in an hour than his employees will earn in a year. Smith, an alderman in Chicago, presented posters at a city council meeting showing that Walmart CEO Michael Duke's $35 million salary, when converted to an hourly wage, worked out to $16,826.92. By
Wal-Mart to sell goods from other vendors on Web
Wal-Mart Stores WMT has launched an addition to its online business that has outside retailers selling nearly 1 million new items through Walmart.com, a move that could help the world's largest retailer catch up in the online world. The Walmart Marketplace has products from categories that include
Wal-Mart profit is flat, but it boosts outlook
Wal-Mart Stores on Thursday reported second-quarter income virtually unchanged from a year ago, but results beat Wall Street expectations. The world's largest retailer also raised the low end of its profit outlook as it benefits from cost-cutting and draws frugal shoppers from rivals. But Wal-Mart