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[Announcer] Please give a warm welcome to
Lee Scott, our President and Chief Executive Officer, Walmart Stores,
Incorporated.

[Lee Scott] Whoa! Thank you.
Thank you. Alright, alright. Every year ... okay, okay ...

[Lee Scott] It would be a
pleasure for anybody to be the CEO of this company because you know it
doesn't matter if you're Sam Walton or you're David Glass or you're Lee
Scott, when you come to this meeting, year after year, you get to say,
"We had record sales, we had record earnings, we had record reinvestment
back into our company."

[Lee Scott] But you know I say all
that, but let me tell you my friends you better be ready to be better
because today, for whatever reason, whether it's our success or our
size, Walmart Stores, Incorporated has generated fear if not envy in
some circles. And that makes it more important than ever that we
focus on doing the right thing, in doing things right every time.




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