Wal-mart is an ever increasing enterprise both within the United States and internationally. Recently the President and CEO of Wal-mart China, Ed Chan, resigned from the company. Wal-mart has named Greg Foran as the new CEO and president of Wal-mart. Wal-mart is going through a difficult time in China resulting from negative public relations. They were accused and cited for mislabeling regular pork for organic pork among other "deceptive pricing" discrepancies. This mislabeling landed 2 workers in jail, 35 detained, 13 store closings, and over 500,000 USD in fines. With a change in management Wal-mart expects to scale up in China and increase the sales. They currently operate "370 stores in 140 Chinese cities".
-BW
More information can be found at:
http://online.wsj.com/article/SB10001424052970204136404577207723629587432.html?mod=WSJ_article_MoreIn_Management
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