Walmart Foundation: A “Lever” For The Company, But Not Enough To Pry Open New York
Walmart gives away millions and millions of dollars a year through the company’s Walmart Foundation. Its motivations aren’t purely philanthropic: As outgoing EVP Leslie Dach told investors in 2010, philanthropy bolsters Walmart’s reputation, and the company then seeks to use that reputation as “a lever” in achieving company goals, such as opening stores in new markets.