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Mike Duke —
born on December 07, 1949,
Michael Terry "Mike" Duke is an American businessman. He served as the fourth chief executive officer of Walmart from 2009 to 2013... (wikipedia)
At Wal-Mart, it goes back to Sam Walton and the foundation and business model that we simply operate for less, or everyday low cost. We're known for operating in a very efficient way and then giving those savings to customers.
I think every responsible public board at every board meeting should be discussing succession. And, of course, Walmart has a very mature board: our chairman Rob Walton and other members. So succession is an ongoing. I think when I first joined the board of directors, it was discussed then. And it's discussed at every board meeting continually.
I actually think it's better I started by being close to customers. That foundation early on helped me later when I went into logistics and other kinds of management.
I spend my time being a retailer, not an economist.
If I spend all of my day in the details as a CEO of a company like Wal-Mart, I think it would be trouble, because I wouldn't really be prepared to speak to the big issues that the country or the world should face.