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Top companies secure spot on leadership survey
For the second consecutive year Walmart appears on an annual ranking of the Best Companies for Leadership compiled by the consulting firm Hay Group. In the 2010 version of the survey, Walmart ranked ninth, compared with the prior year when it was ranked fifth. The survey was first conducted in 2005.
Companies that ranked ahead of Walmart included, General Electric, Procter & Gamble, Intel, Siemens, Banco Santander, Coca-Cola, McDonald’s and Accenture.
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Paint supplier will need two coats to cover Walmart loss
Sherwin-Williams’ loss of the paint business at Walmart didn’t affect its fourth quarter results too bad, but will represent a nearly $100 million headwind for the coming year. The company reported fourth-quarter net income of nearly $72.9 million, up 11.6% from $65.3 million on sales that advanced nearly 19% to $1.9 billion during the quarter ended Dec. 31, 2010. Sales in the consumer group, which includes such retailers as Walmart, increased 6.2% to $255 million in the quarter.