Wal-Mart US CEO Departure: ‘Very, Very Odd’
July 24, 2014 at 10:29 AM EDT
Out goes Wal-Mart Sores’ (WMT) US CEO Bill Simon, and in comes its Asia chief Greg Foran, who will try to turn around the struggling retailers US business. Reuters Belus Capital Advisors’ Brian Sozzi calls the timing of Wal-Mart’s move “very, very odd.” He explains why: The move to replace Bill Simon as Walmart U.S. [...]
