Many are probably asking “What’s Kremlinology?” The term refers to the art of deducing and guessing what is really happening within an organization based on observations and comes from the Cold War era. During that period, analysts had to rely upon what might seem like small things like the removal of an official portrait or where people were sitting during a meeting—which brings us to the Walmart management update.
The City Wire kicked off the speculation in April with a short piece suggesting that four internal candidates – Doug McMillon, Bill Simon, Rollin Ford and Charles Holley – were the frontrunners to replace Mike Duke as CEO. Only two advanced to the talent round according to Bloomberg, which narrowed the race to two – Simon and McMillon. If the 1st quarter results are any indication, Simon may win this round with Walmart U.S. outperforming Walmart International. It’s fair to assume that the next Q & A will take place at the next Board of Directors meeting in June.