Walmart's partnership model is psychologically superior to modern tech stock options
David Rosenthal · Walmart · Acquired · Jul 19, 2022 · at 1:02:44
Acquired co-host David Rosenthal discusses Sam Walton's early incentive structure, where store managers invested their own capital into store partnerships and shared in individual store profits.
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“I actually think this is super brilliant. I was thinking about this with regard to tech companies today and everything. And like, even though employees of tech companies get much better economic deals with stock options, I think psychologically, this is a better way to do it. What Sam was doing. You're putting your own money at work and you're incentivized both on your own personal performance in the store”
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