# Professor Scott Galloway reacts to Walmart's announcements about higher wages and closure of some Sam's Club stores

1 Faculty News January 11, 2018 ![The New York Times Logo](/sites/default/files/styles/246w/public/assets/images/uat_027320.jpg?itok=W8xBr66g)>

Excerpt from [The New York Times](https://www.nytimes.com/2018/01/11/business/walmart-wages-tax-cuts.html) -- "'They snatched defeat from the jaws of victory,' [Scott Galloway](http://www.stern.nyu.edu/faculty/bio/scott-galloway), a professor of marketing at New York University’s Stern School of Business, said in an interview. 'Walmart made a smart move in increasing wages and investing in human capital. Where they screwed up was politicizing it.'"

[Read more](https://www.nytimes.com/2018/01/11/business/walmart-wages-tax-cuts.html)