Retailers, consumers and prices
Professor Lee Scott?
Scott will retire as CEO of the world’s largest retailer as of Feb. 1.
While Scott will remain chairman of the executive committee of the board after retiring as CEO, he gave a hint on Monday as to how he might spend some of his upcoming free time.
Speaking at a Wal-Mart meeting that was broadcast over the Internet, Scott said he has been asked by Stanford to be a visiting professor.
“It’s interesting being invited to be a visiting professor there because they sure as heck wouldn’t have let me in when I was younger, I guarantee you that,” Scott joked at the meeting.
Reuters put a call in to Stanford. At the time this blog was published, the University was still working to confirm the invitation had been extended to Scott.
Stanford got back to Reuters with an update.
Turns out, the Stanford Graduate School of Business has talked with Scott about the being a Denning Distinguished Fellow in Global Business and the Economy.
“I would be delighted if Lee can spend time at the Stanford Graduate School of Business, interacting with our students and faculty,” said Dean Robert L. Joss, in a statement provided to Reuters.
The school said talks are continuing.