Walmart - Acquired  ## Metadata - Author: **Acquired** - Full Title: Walmart - Category: #podcasts - URL: https://share.snipd.com/episode/df88a13b-f84f-4569-906b-c86326a9097b ## Highlights - The Sam Walton Effect Key takeaways: • Sam Walton's company, Walmart, is the largest retailer in the world by revenue. • Amazon is close behind, but Walmart is still the largest employer in the world. Transcript: Speaker 1 I'm ben gilbert, and i am the co founder and managing director of seattle based pioneer square labs and our venture fund, p s l ventures. And i'm david rosenthal, and i am an angel investor bast in san francisco. Speaker 2 And we are your hosts. When we did our sony episode, we discovered that many steve jobisms really started as achio marita isms. And in all the research for to day's episode, we learnd that many of the mental models and quotes ascribed to jeff bazos were really the original thoughts of sam walton. But of course, that is also not entirely true either. Since sam walton's greatest gift was the ability to digest, learn, adapt, test and integrate new ideas from others. To day, we explore sam's creation, which ushered in a new era of american retail and now global tal from the post world war tube period all the way to to day. Some astonishing stats on the company. It is the largest by revenue in the world, doing nearly 600 billion dollars a year in sales, although amazon is close behind. Now it's true, it is the world's large employer other than public entities like governments, employing nearly two point three million people around the world. It is still controlled by the walton family, who owns just over 50 % of the business, a full 60 years after it was founded. ([Time 0:00:41](https://share.snipd.com/snip/e9d7da28-bd31-4a88-9f2d-5fb5b5750122))