Last week it was Walmart CEO Mike Duke’s duty to find an explanation for continuing declines in same store sales, as the company hosted its 20th Annual Meeting for the Investment Community on Tuesday.
Despite the fact that the most recent quarterly report ended in July and brought a surprising (to analysts) .3 percent drop for the second quarter, when a one percent gain was expected, Duke cited the two-week old government shutdown and a “tough and unpredictable global economy” as reasons for the poor performance.
President Obama’s speech last week that re-emphasized his commitment to reduce US carbon dioxide emissions brought dismay to those who appreciate affordable energy, but it sparked a celebration among corporate types who have long sought caps and taxes on CO2.
While it was still more words from the president, which don’t always match his actions, on CO2 limitation he has largely kept his promise to environmentalists. Critics slammed his plan to bypass Congress and to task the Environmental Protection Agency to curb emissions via executive order, but EPA has operated out of bounds since he was inaugurated in 2009 – especially with the “war against coal” that is now universally accepted as true.
The top engineer of Walmart’s strategy to pursue left-wing priorities such as “sustainability” and backing Obamacare, as though those are what genuinely reflect “corporate responsibility,” is leaving.
Leslie Dach joined the Bentonville, Ark. retail behemoth seven years ago as vice president of corporate affairs. He previously worked for environmentally extreme groups and was “active as a senior strategist in Democrat politics,” according to his World Resources Institute bio. He worked in the Clinton administration, served as a senior adviser for Sen. John Kerry’s 2004 presidential campaign, and has been a top strategist for at least two Democratic conventions. He helped design the 2004 Boston convention and managed the Democrat response to the Republican convention that year, and is credited with managing the program at the convention in Los Angeles four years earlier.
The anti-Walmart protests today organized by the United Food and Commercial Workers union are the clearest evidence yet that the company's campaign of appeasement of left-wing activist groups is failing. Indeed, it appears the policy has invited more defamation and harassment. We told you so.
NLPC documented the emergence of this policy in a Special Report titled Wal-Mart Embraces Controversial Causes: Bid to Appease Liberal Interest Groups Will Likely Fail, Hurt Business. Written by John Carlisle, it was published in 2006 and updated in 2008. Click here to download the 24-page pdf version.
Renewable-loving Los Angeles is showing that even the power of billions of dollars in taxpayer “stimulus” cannot overcome the dominant hand of government regulation, and ironically it’s costing President Obama more green jobs.
The move preceded Friday’s annual shareholder meeting, in which executives emphasized their commitment to principles of integrity. That came into question especially since April, when the New York Times revealed that company officials authorized millions of dollars in bribes in order to expedite building permits and other favors in Mexico.
The three top U.S. tycoons on Forbes’s “Green” billionaires list have received billions of dollars in taxpayer subsidies for their clean technology companies, after they spent hundreds of thousands of dollars for political campaigns and lobbying.
President Obama said in his State of the Union speech last month that he would not “walk away from the promise of clean energy,” and according to a Politico report, he “doubled-down” on the promise by highlighting (more) commitments to federal grants and incentives for wind energy, solar power and natural gas vehicles in quasi-campaign speeches out West.
In a year where Solyndra became the face of the solar industry’s chronic failures, even the holiday season could not prevent one last flurry of layoffs in 2011.
The Mountain Enterprise (based in Frazier Park, Calif.) reported over the weekend that First Solar, Inc. – which the media sometimes identifies as the largest solar company in the world – laid off half its employees on Friday at its Antelope Valley Solar Ranch One project. The facility has been the subject of controversy in the local community over the effects it will have on land use, wildlife, and water usage.