to enlarge |Artist: Mike
Sponsor: The Wal-Mart Foundation
Size: 40" x 60"
Type: Oil on Canvas
2nd floor near rotunda
Samuel Moore Walton was born
in Kingfisher, Oklahoma on March 29, 1918. He later moved
to Missouri with his family. He graduated from the University
of Missouri in 1940 and worked for J.C. Penney as a management
trainee. But it was in Claremore, Oklahoma, that he met
his wife, Helen Robson. They were married in 1943.
After serving in WWII, Walton
took his savings plus a loan from his wife’s father
and opened his first store, a Ben Franklin franchise.
In 1962, he opened the first Wal-Mart
in Rogers, Arkansas. Wal-Mart specialized in name-brands
at low prices and Sam Walton was surprised at the success.
Soon a chain of Wal-Mart stores sprang up across rural America.
Walton's management style was popular with employees and
he founded some of the basic concepts of management that
are still in use today.
By 1991, Wal-Mart was the largest
U.S. retailer with over 1700 stores. Walton remained active
in managing the company as President and CEO until 1988,
and remained chairman until his death. When he died in 1992,
he was the world’s second richest man, behind Bill
Gates. He passed his company down to his three sons, daughter
and wife. If alive today, his fortune would far exceed that
of Bill Gates.
Fortune Magazine named Sam Walton
as the third greatest CEO of all time. Time Magazine also
named him as one of the 100 most influential people of the
Sam Walton was a recipient of
Presidential Medal of Freedom from President George Bush
in 1992 for categories including entrepreneurship, business
statesman, and business leader.
Wal-Mart is the largest private
employer in the United States.
Images are copyright
of The Oklahoma State Senate Historical Preservation Fund,
Inc. and the artist. Please contact Sandra Shelton at 521-5663
or email@example.com for
further copyright information.