X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

<!–.tabletext {font-size: 12px;font-family: Arial, Helvetica, sans-serif;}.tinytext {font-size: 10px;font-family: Arial, Helvetica, sans-serif;}.border {color: #000000;border: 1px #999999 solid;font-size: 12px;font-family: Arial, Helvetica, sans-serif;}.johnathantext1 {font-size: 12px; font-weight: normal;font-family: Verdana, Arial, Helvetica, sans-serif;}.tabletext1 {font-size: 11px;font-family: Verdana, Arial, Helvetica, sans-serif;}.style1 {font-size: 12px; font-weight: normal; font-family: Verdana, Arial, Helvetica, sans-serif; color: #000000; }–>

Perspective
It seems unlikely that Wal-Mart would ever need anybody defending its business practices. However, now may be a good time to start, given the scuffle over whether or not Wal-Mart should open a banking division. As the nation’s largest private-sector employer, Wal-Mart can offer its employees and customers a relatively easy and low-cost way to get to their hard-earned money. Every couple of years another corporation is targeted for its “unfair” business practices, and the corporation typically spends hundreds of millions of dollars in legal costs that are then passed onto the consumer. Microsoft faced this battle over a decade ago as did AT&T a decade before that. Perhaps it would be better to let consumers decide what is working for them and what isn’t. The wisdom of Wal-Mart’s banking strategy should be determined in the marketplace, not the legislature. The views expressed in this article are the author’s own.
Promotions

PACIFIC SECURITY CAPITAL (BEAVERTON, OR) CFO Dan Ferris also assumes the COO’s role to pick up oversight of all core business units. Ferris, the veteran executive, joined the firm in 2004.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.