Wal-Mart Effect How the World's Most Powerful Company Really Works--And How It's Transforming the American Economy

ISBN-10: 1594200769

ISBN-13: 9781594200762

Edition: 2006

Authors: Charles Fishman

List price: $25.95 Buy it from $1.49
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Description:

An award-winning journalist breaks through the wall of secrecy to reveal the many astonishing ways Wal-Mart's power affects our lives and reaches all around the world. The Wal-Mart Effect: The overwhelming impact of the world's largest company--due to its relentless pursuit of low prices--on retailers and manufacturers, wages and jobs, the culture of shopping, the shape of our communities, and the environment; a global force of unprecedented nature. Wal-Mart is not only the world's largest company; it is also the largest company in the history of the world. Americans spend $26 million every hourat Wal-Mart, twenty-four hours of every day, every day of the year. Is the company a good thing or a bad thing? On the one hand, market guru Warren Buffett estimates that the company's low prices save American consumers $10 billion a year. On the other, the behemoth is the #1 employer in thirty-seven of the fifty states yet has never let a union in the door. Though 70 percent of Americans now live within a fifteen-minute drive of a Wal-Mart store, we have not even begun to understand the true power of the company and the many ways it is shaping American life. We know about the lawsuits and the labor protests, but what we don't know is how profoundly the "Wal-Mart effect" is shaping our lives. Fast Companysenior editor Fishman, whose revelatory cover story on Wal-Mart generated the strongest reader response in the history of the magazine, takes us on an unprecedented behind-the-scenes investigative expedition deep inside the many worlds of Wal-Mart. He reveals the radical ways in which the company is transforming America's economy, our workforce, our communities, and our environment. Fishman penetrated the secrecy of Wal-Mart headquarters, interviewing twenty-five high-level ex-executives; he journeyed into the world of a host of Wal-Mart's suppliers to uncover how the company strong-arms even the most established brands; and journeyed to the ports and factories, the fields and forests where Wal-Mart's power is warping the very structure of the world's market for goods. Wal-Mart is not just a retailer anymore, Fishman argues. It has become a kind of economic ecosystem, and anyone who wants to understand the forces shaping our world today must understand the company's hidden reach.
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Book details

List price: $25.95
Copyright year: 2006
Publisher: Penguin Group (USA) Incorporated
Publication date: 1/19/2006
Binding: Hardcover
Pages: 304
Size: 6.75" wide x 9.50" long x 1.00" tall
Weight: 1.100
Language: English

Charles Fishman is the author ofThe Wal-Mart Effect, aNew York Times,Wall Street Journal, andBusiness Weekbestseller, as well as a finalist for the Goldman Sachs-ldquo;Financial Timesrdquo; Business Book of the Year awardnbsp;in 2006.nbsp;Fishman is anbsp;former metro and national reporter forThe Washington Post. Since 1996, he has worked for the innovative business magazineFast Company. He has won numerous awards, including twice winning UCLArsquo;s Gerald Loeb Award for outstanding business writing, the most prestigious award in business journalism. His story about bottled water, ldquo;Message in a Bottle,rdquo;nbsp;was a finalist for the 2008 Gerald Loeb Award for magazine writing, and a finalist for New Yorkrsquo;s Deadline Club Award for magazine writing.

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