Walmart’s strong performance in recent years is a direct reflection of President and CEO Doug McMillon. As the last veteran executive “Mr. Sam” personally hired, McMillon is a leader who uses both his head and his heart in much the same way that Sam Walton himself did. As we went to press with this issue, McMillon made a genuine game-changing declaration in a company memo in which he announced that Walmart will limit sales of ammunition for short-barrel rifles and handguns; exit the handgun market altogether; and discourage open carry in its stores. The move—which drew ire and allegations of irresponsibility from groups such as the National Rifle Association—was quickly followed by other retailers that also declared their intentions to break with longtime practices and ask customers to leave their firearms out of their stores in states where open carry is permitted. “We know these decisions will inconvenience some of our customers, and we hope they will understand. As a company, we experienced two horrific events in one week, and we will never be the same,” McMillon said following two deadly public shootings in August at stores in El Paso, Texas, and Southaven, Miss. “The status quo is unacceptable,” McMillion said.
President and CEO