Can Wal-mart get the magic back? In the four years since Wal-mart's founder died of bone cancer, CEO David Glass has invested billions of borrowed dollars in businesses that have earned relatively low returns. Glass, age 60, seemed to be a good choice for CEO when Sam Walton, at 69, tapped him to take over in 1988. Investors have knocked down Wal-Mart's market value by $7.7 billion since the day Sam died. Sam built it from nothing to $59.3 billion. In the past year, key executives, particularly Sam's favorites, have left behind Wal-Mart to pursue jobs elsewhere. The biggest shocker came at the end of March when Bill Fields, Glass's heir apparent, told his boss he was quitting to become CEO of Blockbuster Entertainment. Fields headed Wal-Mart's main operations and was the company's closest link to the glory days. A hometown boy born and bred in ....

Number Of Pages: 2

Number Of Words: 546

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