Today is a Federal holiday, so the equity markets are closed. There is no Wall Street Journal. And CNBC has 'alternative' programming running.
As it so typically does on days like this, CNBC trotted out its apparently award-winning video piece, by on-air analyst and commentator David Faber, which spotlights Wal-Mart.
I admit to never having sat throught the whole production at one go. I've seen quite a bit of it in segments, though. It's fair to say that it highlights both good, and bad, facets of the company, and features extensive interview footage with the current CEO, Lee Scott, as well as some time with retired CEO David Glass.
However, my point in this brief post is to suggest that maybe CNBC is stoking the anti-Wal-Mart fires merely by running this thing every business holiday. I swear that this is at least the third time in twelve months that they have done this.
If you search this blog for the term "Wal-Mart," you'll recover 20 articles which mention the company. If you read this column regularly, then you know I am not exactly a fan of Wal-Mart's CEO, management team, or performance. But I bear absolutely no animosity toward the firm, per se. It's a matter of poor performance, not a personal grudge.
With CNBC, I am beginning to wonder if they simply want to hurt Wal-Mart as much as possible, until, I don't know....the company fires Lee Scott? Closes its last American store?
With so many thousands of hours of video footage, why must CNBC resort so frequently to just one, long video production about one harried company, nearly each business/Federal holiday?
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