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‘It’s the Right Thing to Do’: Walmart CEO Doug McMillon Supports ‘Great Reset’ – ‘It’s Time to Reinvent Capitalism Post-Coronavirus’

OCTOBER 22, 2020

Excerpt: Is there a correlation between the growing interest from corporations in stakeholder capitalism and the decline in the ability of governments to solve big problems?

Big problems don’t rest on the shoulders of government or corporations alone. I think the growing interest in stakeholder capitalism stems from companies genuinely invested in doing good for our world, because it’s the right thing to do and because businesses who take this approach are stronger. We simply won’t be here if we don’t take care of the very things that allow us to exist: our associates, customers, suppliers and the planet. That’s not up for debate.

What is your reaction to people coming into your stores, not wearing masks and confronting your associates?

We understand some people can’t wear masks for health reasons. Where I get concerned is that it’s become a political issue. Our teams continue to handle these situations with great care and reinforce the importance of wearing a mask. Millions of customers pass through our stores each week, and we don’t think it’s too much to ask people to wear a mask when it comes to protecting one another.

Do you wear a mask?

Yes. And I appreciate our associates doing it and doing it for so long. We believe it has contributed to their safety and the safety of our customers.