Wednesday, April 9, 2008

the mother lode

This from Wake Up Wal-Mart:
Never forget the little guys who help along you the way. That old adage is likely ringing in the ears of Wal-Mart execs this morning following Gary McWilliams’ story about how a tiny video-production company is giving the world’s biggest retailer a massive headache.
It’s the story of Flagler Productions Inc., a small firm who for 30 years was employed as to capture footage of its top execs, sometimes in unguarded moments. Its relationship was sealed with a handshake, not a long-winded contract. Two years ago, Wal-Mart dumped Flagler and nearly caused the shop to fold because it accounted for such a large portion of its business.

...The biggest players in the world can’t function without smaller ones to keep them supplied, technologically-sound, and otherwise ticking. To stay afloat, Flagler offered to sell Wal-Mart the whole video archive for several million dollars. Wal-Mart, whose revenue is now over $375 billion, countered with an offer of $500,000.

And the little guy hasn’t forgotten.

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