Under CEO Doug McMillon, the world’s largest company has invested billions to make its workforce more resilient.
Walmart is the only company to have been on the Change the World list for all five years of its existence. This year it earned its spot on the strength of its investment in its people. Over the past few years, the company has offered training courses to hundreds of thousands of “associates” (what Walmart calls its employees) through its Academies program. It also helped spark a nationwide trend in retail by raising their wages. Now Walmart is building on that foundation with its Live Better U initiative, which allows associates to pursue college degrees debt-free, for $1 per day. Some 6,000 Walmart employees are already active and enrolled in school through the program, and another 4,000 are signed up to start this fall.
C. Douglas McMillon
|Prior Year Rank||16|
|Revenues ($M) (Last Fiscal Year)||$514,405|
|Profits ($M) (Last Fiscal Year)||$6,670|
|Market Value ($M) as of 8/12/19||$300,145|