There seem to be three principal reasons why, under our present system, crime still keeps its general level, irrespective of all changes in our degrees of punishment. Just like discounting, I'm sorry to say we can't take any of the credit for inventing the wholesale clubconcept. Put yourself in our position for a moment, though, and you can see why we had to steal the ideafrom those who did roll it out. It was the early eighties, and we'd been in the discount business for aroundtwenty years. Only the efficient operators were still in business, because prices, and margins, had beenfalling steadily the whole time. Suddenly, we noticed a whole new class of sub-discounter undercuttingour prices, wholesalers with very low overhead who were selling at margins way below the 22 percent inthe discount business5 to 7 percent. Since "Low Prices Every Day" had brought us this far, we had toexplore the business. Especially since we knew that Sol Priceone of the original discount pioneerswasbehind this idea. He had started his Price Club stores in 1976. It's the performance I'm so proud of. For the last ten years, the company contributed an average of 6percent of wages to the plan. Last year, for example, Wal-Mart's contribution was $125 million. Now,the folks who administer profit sharingand this includes a committee of associateshave chosen yearafter year to keep the plan invested mostly in Wal-Mart stock, so the thing has grown beyond belief,collectively, and in the individual accounts of a lot of associates. Today, as I write this, profit sharing hasaround $1.8 billion in itequity in the company that belongs to our associate partners. Well, I was no more ready to retire in 1974 at the age of fifty-six than the Arkansas sun is ready to startrising out of Oklahoma in the morning. But for a while I did step back and take off a little more time. I'msure to Ron Mayer it must have seemed like I never took off at all. The truth is, I failed at retirementworse than just about anything else I've ever tried. Actually, I knew it was a mistake almost right after Iresigned the chairmanship. I tried to stay out of Ron's way. The problem was that I actually just keptdoing exactly the same thing I had been doing all the time. I wanted to see my ideas keep flowing aroundthe company, but I wanted Ron to be successful in operating the company and building an organization. I'm not saying every company should necessarily be as chintzy as Wal-Mart. Everybody's not in thediscount business, consumed by trying to save every possible dollar for their customers. But I wonder if alot of these companies wouldn't do just as well if their executives lived a little more like real folks. A lot ofpeople think it's crazy of me to fly coach whenever I go on a commercial flight, and maybe I do overdo ita little bit. But I feel like it's up to me as a leader to set an example. It's not fair for me to ride one wayand ask everybody else to ride another way. The minute you do that, you start building resentment andyour whole team idea begins to strain at the seams. even the old pines look fresh and new. The grass is dotted with yellow 黄网站色视频免费_视频大全_高清在线观看 I should have to engage a moving-van to return your gifts.