Thomas Layton Walton ?

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Jim C. Walton (born 1948 in Newport, Arkansas) is the youngest son of Walmart founder Sam Walton.

According to Forbes Magazine he has a fortune of 20.7 billion U.S. dollars, and into second place on the list of 15 richest people in the world. [2] He lives in Bentonville, Arkansas has a degree from the University of Arkansas, married and has four children. Jim Walton is the president of Arvest, the largest bank in Arkansas', but not active in daily operations.

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Jim Walton is the president of CNN News Group

The chairman and CEO of CNN News Group Walter Isaacson is leaving the company at the end of spring 2003 to be president and CEO of the Aspen Institute, a forum dedicated to environmental and economic issues. His successor is likely to Jim Walton, currently president and COO of CNN.

Under the direction of Walton Isaacson and CNN was the presence of U.S. remodeled in the last 18 months and was able to quote the two best years occurred since the Gulf War. Walton, Emmy Award winner and 22-year CNN experience in the back, previously was president of the American CNN networks and has set himself for his work as president of CNN News Group aims to "our status as the most powerful news organization in the world to maintain. "

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Wal-Mart is working on Africa-offensive

The world's largest retailer Wal-Mart aims to Africa. There, unions stand against the company and the government is concerned. Would succeed in the defense, and that would be a bad signal.

cape town south africa Star cartoonist Zapiro drew the manager of the U.S. group Wal-Mart as they are seen by many in the country: in the robes of the Dutch colonialists who arrived around 360 years ago at the Cape. For Africans this meant the beginning of a history of racial discrimination and oppression.

The attempt of the largest retail company in the world, in South Africa - and Africa - to gain a foothold is interpreted by many as a kind of "imperialist act." "The risks for our producers are larger than the benefits of cheaper products," said the Director-General of Trade and Industry Ministry, Lionel October.

So the government and unions consider a last attempt to legal defense against the entry of U.S. giant in South Africa. However, the white government of President Jacob Zuma, the country that this could cause considerable damage. Because Wal-Mart's foray is a test case for South Africa's readiness to continue to allow foreign direct investment.

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Government cares for the middle class

The NCA gave Wal-Mart last week ahead: there are 16,5 billion rand (1.7 billion €) of the U.S. company may acquire a 51 percent stake in South African supermarket chain Massmart. Wal-Mart promises "Dozens of new stores and thousands of new jobs." Of course, Wal-Mart will - as anywhere in the world - mainly offering local produce, assured company chief Doug McMillon. "We want as quickly as possible to create confidence."

But South Africa's trade unions and the government are worried about jobs and middle class. The cartel had disappointed the hopes of sharp conditions for the U.S. group. He was only obliged to agree to a two-year job guarantee to respect the existing collective agreements for three years and to accept the unions as collective-bargaining partner.

"We strongly question the decision," said union leader disappointed Skulu Bones (Saccawu). Because the Court Wal-Mart had not sentenced to 500 last year Massmart dismissed employees to reinstate or to commit to purchase preferred South African products. It had, however, called for the unions.

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The company now hopes to finally begin from Arkansas with his planned major offensive in a year in sub-Saharan Africa can be. Wal-Mart, which has failed in its expansion in countries like Germany and Russia, thanks to Massmart and its subsidiaries have presence in 14 African countries. Africa is due to the economic growth rates in the last decade from an average of about five percent as a lucrative new market - especially since there are only a few on the continent of modern supermarkets.

Still threatens Wal-Mart's new trouble on the powerful unions that have threatened mass protests and a boycott call. "We will work with the anti-Wal-Mart coalition to go to court and do another," angrily threatened the general secretary of the union Fawu food, Katishi Masemola. South Africa's economic associations, however, are relieved. They have been complaining for years about a "business-hostile" policy of the government, dominated since the end of apartheid in 1994 by the African National Congress (ANC).

Criticisms are particularly strict employment protection legislation, minimum wages and high investment-hostile legislation. This prevents the creation of new jobs - even though South Africa is suffering from mass unemployment. Officially, the unemployment rate is over 25 percent.

A Wal-Mart's rejection would hurt the reputation of the business location South Africa safe. "South Africa must be careful that it is not sidelined in the foreign investments in Africa," warned the weekly newspaper "Mail & Guardian". Was actually invested in South Africa in recent years less than in the great examples of Pretoria - the new partners as part of BRICS, the
emerging economies of Brazil, Russia, India and China.

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