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Sam Walton stepped down as CEO of Walmart in 1988 to focus on the company's overall vision and strategy rather than daily operations. This transition allowed him to delegate management responsibilities to others while still influencing the company's direction. Walton remained active in Walmart's leadership and continued to play a crucial role in its growth and expansion. His decision reflected a common practice among founders to ensure the company's sustainability as it scales.

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5d ago

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