Transcript: Wal-Mart’s Lee Scott

Lee Scott, chief executive officer of Wal-Mart since 2000, spoke to Jonathan Birchall, the FT’s US retail correspondent, about the state of the world’s largest retailer.

Here is an edited transcript of the interview.

Exclusive Interview With Wal-Mart CEO Lee Scott

NEIL CAVUTO, HOST: Well, Wal-Mart (WMT) shoppers love it, unions hate it, presidential candidates yammer on and on and on about it, but few can ignore the enormous impact this company has on America, indeed, the world. And in a rare and exclusive interview, Wal-Mart speaks -- not company, the guy who runs it, the big cheese, Lee Scott. Good to have you, Lee, thanks for coming.

LEE SCOTT, PRES. & CEO, WAL-MART STORES: Neil, thank you.

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