Why Walmart's CEO Is Taking Billion Dollar Risks

His most visible move has been unilaterally raising the payof entry-level workers and department managers. The logic was simple. Shoppers were giving Walmart  WMT -0.23%  terrible scores in surveys and were visiting the stores less; sales were falling, At the same time, thecompany’s most important competitor strategically was and is Amazon  AMZN -0.61% .