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Retailers, consumers and prices

Professor Lee Scott?

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Could Lee Scott be heading off to Stanford?WALMART/CHINA

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.

According to a bio on Wal-Mart’s website, Scott received his Bachelor of Science degree in Business from Pittsburg State in Pittsburg, Kansas.

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