In his three years as chief executive officer at Wal-Mart Stores, Mike Duke has demonstrated a willingness to learn from the past as he sets out for the future. Whether addressing lackluster sales in Wal-Mart’s U.S. supercenters or an ethics crisis surrounding stores in Mexico, Duke’s actions tend to draw heavily from the experiences of his predecessors, and his words are couched in the same context. In a speech at Wal-Mart’s annual meeting last month, Duke discussed ...

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