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Mike Duke
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#Tags
I spend my time being a retailer, not an economist.
- Mike Duke
#Being
#Economist
#My Time
#Spend
#Time
Someone asked me about what's it like managing 2.2 million associates, and I said, 'When they're Wal-Mart associates, it's not all that hard because of the quality and the depth of our talent.' I'm really proud of the fact that 70% of the managers in the U.S. started as hourly associates with our company.
- Mike Duke
#Company
#Me
#Proud
#Quality
#Talent
At Wal-Mart, it goes back to Sam Walton and the foundation and business model that we simply operate for less, or everyday low cost. We're known for operating in a very efficient way and then giving those savings to customers.
- Mike Duke
#Back
#Business
#Foundation
#Low
#Way
It's interesting: the letters I get from mayors that want Wal-Mart to look and invest in their community.
- Mike Duke
#Community
#Get
#Interesting
#Look
#Want
If I spend all of my day in the details as a CEO of a company like Wal-Mart, I think it would be trouble, because I wouldn't really be prepared to speak to the big issues that the country or the world should face.
- Mike Duke
#Country
#Day
#Details
#Face
#World
I usually get up between 5:30 and 6. The good news in Bentonville, Arkansas, is I can be in the office seven minutes later. I like to get in, work on e-mails and catch up.
- Mike Duke
#Good News
#Good
#I Can
#News
#Work
Wal-Mart, we've been known for many years - back to the days of when Sam Walton started the company - we've been known for basics. The basic need of families and people across America. Wal-Mart was known as the place for basics.
- Mike Duke
#America
#Back
#Company
#People
#Place
I'm still very bullish on emerging markets. There's an emerging middle class. They're a growing group of customers. And frankly, they want Walmart. They want everyday low price. And that's why we are continuing to grow in the emerging markets around the world, too.
- Mike Duke
#Group
#Grow
#Middle Class
#Why
#World
We've done both. We can do both. We can raise the quality and still have Walmart prices.
- Mike Duke
#Both
#Done
#Prices
#Quality
#Still
I was always intrigued when I was growing up, and then in engineering school, with the idea of a perpetual machine. I think of the Wal-Mart culture as that.
- Mike Duke
#Culture
#Engineering
#Growing Up
#School
We see great growth in the United States. But also in China, Brazil, the U.K., and other markets around the world. So ecommerce is going to continue to be a great story for Walmart.
- Mike Duke
#Continue
#Great
#Growth
#See
#World
I do spend really focused time with my wife, my kids, grandkids, and so when I'm doing something or on a golf course, work has stopped. I'm not always thinking and working... I think a leader has to really be a balanced, whole and healthy person personally in order to be the best leader on the job.
- Mike Duke
#Best
#Thinking
#Time
#Wife
#Work
I think every responsible public board at every board meeting should be discussing succession. And, of course, Walmart has a very mature board: our chairman Rob Walton and other members. So succession is an ongoing. I think when I first joined the board of directors, it was discussed then. And it's discussed at every board meeting continually.
- Mike Duke
#Chairman
#Course
#First
#Mature
#Think
I actually think it's better I started by being close to customers. That foundation early on helped me later when I went into logistics and other kinds of management.
- Mike Duke
#Better
#Foundation
#Management
#Me
I probably went into sports with a sense of competitiveness and came out of it even more competitive.
- Mike Duke
#Competitive
#More
#Out
#Sense
#Sports
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