CEOs in the News

Wal-Mart CEO Lists his Top Six Reads for 2016

In it, McMillon posted a photo of the six tomes that “taught and inspired” him. They range from works about Chinese politics, how best to pay workers and how to nourish the human soul. And it looks like one piece may have been something McMillon read many times before.

Sam Walton: Made in America, by Sam Walton, details how the author (and Wal-Mart founder) went from milking cows and delivering newspapers during the Great Depression to building one of the biggest retail empires in the world.

Apparently, McMillon discovered that the Walton book, which he goes back to frequently, shared features with Team of Teams: New Rules of Engagement for a Complex World, a work on management strategy by General Stanley McChrystal.

“The six tomes that “taught and inspired” McMillon range from works about Chinese politics, how best to pay workers and how to nourish the human soul.

“It seems they learned some similar things about what works when it comes to leading teams. For example, fostering a shared consciousness and empowering execution delivers results,” McMillon said.

Also among his recommendations was Chinese Politics in the Xi JingpingEra: Reassessing Collective Leadership, by Cheng Li. Wal-Mart has hundreds of stores in China and wants to add more over the coming years, so this choice makes sense.

A little more offbeat perhaps was McMillon’s selection of Soul Keeping by John Ortberg, which pledges to “help you discover your soul and take your relationship with God to the next level.”

Rounding out the six were two books on management strategy. One, Change in Design: How Design Thinking Transforms Organizations and Inspires Innovation, by Tim Brown, offers advice on how organizations can be inspired to innovate.

Meanwhile, The Good Jobs Strategy, by Zeynep Ton, argues that even in low-cost settings, leaving employees behind—with bad jobs and low wages—is a choice, not a necessity. That’s an interesting choice of reading, given that McMillon last year announced Wal-Mart would raise all employees’ wages to at least $10 per hour, above the federal minimum wage of $7.25.

Ross Kelly

Ross Kelly is a London-based business journalist. He has been a staff correspondent or editor at The Wall Street Journal, Yahoo Finance and the Australian Associated Press.

Share
Published by
Ross Kelly

Recent Posts

The Bandwidth Crisis At The Top

More than 70 percent of CEOs are running above clinical stress thresholds, according to a…

15 hours ago

To Win In 2026, Master The Laws Of ‘Culturenomics’

Adam Leipzig produced some of the most successful films of the last four decades by…

1 day ago

Why Dutch Bros CEO Christine Barone Wants You In The ‘Zone Of Discomfort’

On this week’s Corporate Competitor Podcast, Barone shares how embracing discomfort, setting audacious goals and…

2 days ago

How To Retire? ‘Declare Victory And Find Out What Else Is In You’

At 61, sooner than he thought, this ‘process driven’ CEO retired. He made a plan—and…

2 days ago

‘Bringing Play Back To The World’

Why—and how—a new high-tech experiential gaming concept is growing fast.

6 days ago

To Survive AI, Your Employees Must Evolve ASAP

Helping your people become value creators and growth drivers using AI‑augmented insight is the only…

6 days ago