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Nuw 1

Submitted by neosapien on August 10, 2008

General
 Blasts American CEOs for their spendthrift ways. (9)
 Offers greatest insight into retailing and discounting with this story: Selling more panties by pricing them a bit lower than the usual price, and hence still managing to have greater overall profit. (25)
 Bought an 1800$ ice-cream machine as a prop for his first store (Ben Franklin franchise) (26). His brother Bud Walton says Sam gave him the job to clean the machine because Same knew that he hated milk. (27)
 Bought his first 'aircraft', a two-seater Air Coupe for $1850, whose engine once failed just after take-off from Fort Smith. (40)
 "First lesson we learned was that there was much, much more business out there in small-town America that anybody, including me, had ever dreamed of." (50) (Comment - Does it have any implications for India?)
 "Maybe its time for a Walton to .... become missionary for free enterprise in the Third World." (77)
 The IPO stock got very little support from folks right there in northwest Arkansas, home of WalMart. "I always thought people around here thought that.. we were doing it with mirrors. They couldn't help but think we were just lucky... I think it must be human nature that when somebody homegrown gets on to something, the folks around them sometimes are the last to recognize it." (100)
 He had semi-retired in 1974 when Ron Mayer became CEO. (150-151)
 But he was too much of a hands-on a guy to stay away and hence came back in June of 1976 as CEO. He had given Ron Mayer an option of becoming Vice

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