Wal-Mart shareholder conference reaction; J.Lo and Jordin Sparks perform?
Wal-Mart held their annual meeting yesterday, holding back no punches with the entertainment:
Mixing business and pleasure, the four-hour event featured performances from such celebrities as Jennifer Lopez, American Idol winner Jordin Sparks and comedian Sinbad.
Sorry - I just find that as a odd mix of entertainment for the meeting.
Margaret Brennan has posted a good blog at the CNBC site with her thoughts from the meeting. Good rundown of some of the information that is interesting, but may have been overlooked by some of the bigger announcements.
This piece struck me as interesting:
After J. Lo finished performing, Lee Scott, Eduardo Castro-Wright and other executives stuck around to do their first press briefing ever. Clearly, Wal-Mart is starting to recognize that shutting out the press doesn’t help us tell their story more accurately. (Scott did say that he didn’t see any friendly faces in the crowd though, making clear he isn’t happy with press coverage or the media’s presence.)
Wal-Mart is very private within the media. As they try to turn things around, they need to realize that they need to be more accessable, put on a more human face, and be more transparent.
You can read more at her blog. More coverage of the event from the Star Telegram.
