Chapter 9 Building the Partnership I have always believed strongly that we don't need unions at Wal-Mart. Theoretically, I understand theargument that unions try to make, that the associates need someone to represent them and so on. Buthistorically, as unions have developed in this country, they have mostly just been divisive. They have putmanagement on one side of the fence, employees on the other, and themselves in the middle as almost aseparate business, one that depends on division between the other two camps. And divisiveness, bybreaking down direct communication, makes it harder to take care of customers, to be competitive, andto gain market share. The partnership we have at Wal-Martwhich includes profit sharing, incentivebonuses, discount stock purchase plans, and a genuine effort to involve the associates in the business sowe can all pull togetherworks better for both sides than any situation I know of involving unions. I'm notsaying we pay better than anybody, though we're certainly competitive in our industry and in the regionswhere we're operating; we have to be if we want to attract and keep good people. But over the longhaul, our associates build value for themselvesfinancially and otherwiseby believing in the company andkeeping it headed in the right direction. Together, we have ridden this thing pretty darned far. At this time I knew no literary men. A few I had met when living with my mother, but that had been now so long ago that all such acquaintance had died out. I knew who they were as far as a man could get such knowledge from the papers of the day, and felt myself as in part belonging to the guild, through my mother, and in some degree by my own unsuccessful efforts. But it was not probable that any one would admit my claim 鈥?nor on this occasion did I make any claim. I stated my name and official position, and the fact that opportunities had been given me of seeing the poorhouses in Ireland, and of making myself acquainted with the circumstances of the time. Would a series of letters on the subject be accepted by the Examiner? The great man, who loomed very large to me, was pleased to say that if the letters should recommend themselves by their style and matter, if they were not too long, and if 鈥?every reader will know how on such occasions an editor will guard himself 鈥?if this and if that, they should be favourably entertained. They were favourably entertained 鈥?if printing and publication be favourable entertainment. But I heard no more of them. The world in Ireland did not declare that the Government had at last been adequately defended, nor did the treasurer of the Examiner send me a cheque in return. 久草在线新免费观看_久草在线视频_久草在线福利资源_久草中文字幕2017 "Dad had a spread sheet listing all the minority ownerships in the various companies, and the problemwas figuring out on what basis to value them all for the initial offering. As I recall, we basically proposedusing book value. We did not do any kind of sophisticated relative evaluation of the companies whichwould have taken into account earnings and growth projections and all that sort of stuff. But everybodysigned right up. And as far as I know, everybody's happy today with the way it worked out."We were all ready to go at the beginning of 1970, and Ron Mayer and I did a dog and pony show allover the placeLos Angeles, San Francisco, Chicagotelling everybody how great we were going to be. Damn. He caught me just as I was trying to slink away from the madness of the street party andlimp off to the hotel to collapse. I鈥檇 already heard Barefoot Ted鈥檚 entire postrace commentary,including his observation that human urine is both nutrient-rich and an effective tooth whitener,and I couldn鈥檛 imagine anything he could possibly say that would be more compelling than a deepsleep in a soft bed. But it wasn鈥檛 Ted telling stories this time. It was Caballo. That was the start of the Wal-Mart aviation era."In spite of what Bud says, I loved that little two-seat plane because it would go 100 miles an hourif youdidn't have the wind against youand I could get to places in a straight line. In all the years and thousandsof hours I've been flying, I've only had one engine failure, and it came in that Air Coupe. I was taking offfrom Fort Smith and was just over the river when an exhaust stack blew. It sounded like the end of theworld. The motor hadn't quite quit, but I had to cut it off. For a minute there I thought that might be it forme, but I was able to circle back and land with a dead engine.